Frontera Announces Terms of CAD$91 Million (US$65 Million) Substantial Issuer Bid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2025
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Source: Yahoo Finance
Frontera Energy's Share Buyback Offer: Frontera Energy Corporation has announced a substantial issuer bid to purchase up to 7,583,333 shares at CAD$12.00 per share, totaling CAD$91 million (approximately US$65 million), which represents a 24.9% yield based on the company's stock price prior to the announcement.
Return of Capital to Shareholders: Over the past twelve months, Frontera has returned approximately US$144 million to shareholders through various initiatives, including this buyback offer, and plans to continue considering additional strategic initiatives to maximize shareholder value.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
