Frontera Energy (TSE:FEC) has released an update.
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Frontera Energy Corporation has initiated a substantial issuer bid to buy back CAD$40.5 million worth of its shares, offering a notable 6.6% yield to shareholders based on the share price before the announcement. The company plans to finance the buyback using its available cash and has already returned over US$52 million to stakeholders in 2024 through dividends, share repurchases, and bond buybacks.
For further insights into TSE:FEC stock, check out TipRanks’ Stock Analysis page.
