Monday, March 23, 2020
11:53 AM EST – Frontera Energy Corporation : Today announced responses to the lower oil price environment caused by excess global supply and the COVID-19 pandemic, which includes a reduction in the 2020 capital plan and acceleration of cost savings initiatives. In connection with these cost savings initiatives, and in an effort to streamline the organization, including the executive team, David Dyck is stepping down as Chief Financial Officer, effective March 31. Mr. Dyck will remain with the Company for an interim period to assist with transitional matters. On April 1, Alejandro Piñeros, who currently serves as Corporate Vice-President of Strategy & Planning, will become Frontera’s Chief Financial Officer. Frontera Energy Corporation
(T.FEC) shares were down $0.55 at 3.43.
Stocks in Play: Frontera Energy Corporation, Mon, 23 Mar 2020 11:57:58 EST