Toronto based upstream petroleum producer Frontera Energy Corporation (TSX: FEC) announced today that the company will be added to the Standard & Poor’sTSX Composite Index, effective prior to the open of trading on Monday, June 24, 2019. The Frontera is also being added to the S&P/TSX Composite Dividend, S&P/TSX Composite High Dividend and S&P/TSX Capped Energy Index at the same time.
The Composite Index is the headline index in Canada and serves as an indicator of broad market activity in Canadian equity markets. It includes the largest and most liquid companies on the Toronto Stock Exchange, as measured by market capitalization and trading volume. Inclusion in the Index can potentially broaden participation in a company’s investor base by enabling investment from index funds and similar investment vehicles.
“Being added to the S&P/TSX Composite Index is a significant milestone in Frontera’s progress as a public company. It recognizes the substantial efforts and successes of our employees and the board in continuing to create value for our shareholders,” said Gabriel de Alba, Chairman of the Board of Directors of Frontera. “The board and management believe the inclusion of Frontera on the Composite Index should increase the company’s exposure to a broader range of potential investors and should provide better trading liquidity of the company’s stock for shareholders.”
Frontera Energy Corporation is a Canadian public company and a leading explorer and producer of crude oil and natural gas, with operations focused in South America. The company has a diversified portfolio of assets with interests in more than 30 exploration and production blocks in Colombia, Peru, Ecuador and Guyana.