Current FCE:CA Stock Info

Frontera purchases remaining stake in Pacific Midstream
Canada’s Frontera Energy (ticker: FEC) announced the acquisition of Pacific Midstream Ltd, in a move that consolidates Frontera’s holdings.

Frontera will pay $225 million in cash for the remaining 36.6% of Pacific, leaving it as the sole holder of the midstream company. The transaction is meant to adjust the company’s transportation obligations, decreasing costs and allowing it to renegotiate the size of such agreements.

The Canadian E&P, previously known as Pacific Exploration ...


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