Frontera Energy (FEC.TO), mcap=C$1.3bn, C$13.19 vs C$11.37

Pitch: Canadian listed E&P with producing and infrastructure assets in Colombia, Ecuador, and Guyana. South American E&Ps should benefit from the rising cost of capital for O&G companies in the US (due to ESG and political pressures) and Russia (due to the Ukraine war).

Valuation: Fair value of US$25/C$31 assuming a mid-cycle price of $60 Brent. TOr US$36/C$45 using mid-cycle price of $70 Brent.

Exp. gain: 100%-200% using mid-cycle $60-$70 Brent.

Full FEC.TO write-up (free guest account required):
https://valueinvestorsclub.com/idea/FRONTERA_ENERGY_CORP/3023911418

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