Frontera Energy (FEC CN): Mixed Results at Acorazado Reiterate Investor Concerns

Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

VAC Investments

Thematic (Sector/Industry)

Colombia Energy / Thematic (Sector/Industry)

<h2><a href="https://www.smartkarma.com/entities/22869" target="_blank" data-smartkarma-citation="entities:22869:1">Crude Oil (CRUDE OIL COMDTY)</a></h2><p>Crude prices continued to decline for the third straight week, ending Friday c.2% lower w/w. Price weakness was largely driven by - (i) the broader financial market sell-off; (ii) exacerbated by concerns around weaker Global demand and (iii) the risk of a lower than expected impact on crude supply from the reinstatement of Iranian sanctions next week. However, this was modestly mitigated by a larger than expected drop in US production inventories. WTI ended the week at USD 67.59/bbl while Brent ended at USD 77.62/bbl.</p>

Crude Oil (CRUDE OIL COMDTY)Crude prices continued to decline for the third straight week, ending Friday c.2% lower w/w. Price weakness was largely driven by - (i) the broader financial market sell-off; (ii) exacerbated by concerns around weaker Global demand and (iii) the risk of a lower than expected impact on crude supply from the reinstatement of Iranian sanctions next week. However, this was modestly mitigated by a larger than expected drop in US production inventories. WTI ended the week at USD 67.59/bbl while Brent ended at USD 77.62/bbl.

Global E&Ps: Energy Weekly Vol. 27