RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%
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Frontera (TSX:FEC) Forecasts Operating EBITDA of USD 400-450 Million at USD 80/bbl
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Highlights
Frontera Energy Corporation (TSX: FEC), with a market cap of CAD 680.99mn, is a crude oil and natural gas company based in Canada.
In Q2 2024, the company posted a decline in net revenue at USD 279.5 million compared to USD 289.8 million in Q2 2023 (pcp), reflecting a year-over-year decrease of 3.6%. This reduction was largely attributed to lower consolidated production during the quarter. Additionally, income from operations fell to USD 45.2 million, down 18.7% from the previous year’s USD 55.6 million.
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