Framework Journal · one stock, one dated entry

Recorded 2026-05-13 · Permanent

Frontera Energy Corporation FECCF

Clears the common standard

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America.

The label
Distribution

read at $11.55

Frontera Energy Corporation holds its Distribution at $11.55.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-05-13
PhaseDistribution · caution
Quantitative stateElevated stress, defensive posture warranted, held for 44 days
Price$11.55
Valuation0.00 trailing · 0.00 forward price to earnings
Values screenFAIL · score 10.0
Beta0.83

The opportunity · what the numbers say it is worth

Our framework reads AVOID

Read at
$11.55
0.00 P/E · 0.00 fwd

Price history & projections · where it has been, where the models see it going

$11.8$7.9$4.0TODAY5y agoPROJECTION
Revenue growth-15.70%
Profit margin-106.41%
Debt to equity0.83

Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.

The values screen, explained · five checks, plain English

It depends which standard you follow. There are two widely recognised ways to check whether a company is suitable for a Muslim investor, and on this company they disagree. Here is how it did on each:

The common standard · AAOIFI
Used by most halal investing apps
✓ PASSES
Our stricter standard · asset-based
The one Titan applies
✗ DOES NOT PASS

Why the two disagree. They fall out over one thing only: the company’s debt. Our stricter standard measures that debt against what the company owns, and it works out too high to pass. The common standard measures the same debt against what the company is worth on the stock market, where it works out low enough to pass. Every other check, the two agree on. So in practice, most halal apps would treat this as fine to hold, while our stricter view would not — and which line you follow is between you and your scholar.

What these two standards are, and how they differ →

  • Business activity Its core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
  • Debt load Interest-bearing debt is 67.1% of its assets, above the one-third ceiling the screen allows. Against market value it is 23.0%, under the 30% line the market-value standard uses — so that standard clears it. Divergent
  • Interest-bearing cash Cash held in interest-bearing accounts and securities is 31.3% of assets, under the one-third limit. Pass
  • Receivables Money owed to the company is 0.0% of assets, under the 49% limit. Pass
  • Revenue purity Only 0.0% of revenue comes from non-compliant sources — under the 5% line. Pass

Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.

The business, in plain words · what the numbers mean

Why it gives us pause

On our numbers, the price already runs ahead of the business.

The fundamentals · plain-English read
Forward P/E0.0x
Trailing P/E0.0x
Revenue growth-15.7%
revenue is shrinking
Profit margin-106.4%
currently unprofitable
Return on equity-89.6%
not currently earning a positive return on equity
Debt to equity0.83
moderate, manageable leverage
Current ratio0.76
below 1 — short-term bills exceed liquid assets
Beta0.83
steadier than the market
Market cap$736M
Employees857

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to Canada and to currency swings.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & how to trade · wherever in the world you are

FECCF trades on OQX (the company is based in Canada). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 65% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 145%. Our forward projection puts the odds of a 10% gain over the next month near 32%. Entered 2026-07-28 · Markdown

The dated journal · newest first, never edited

2026-07-28 Markdown $11.55 +0.0% Entry 4

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 65% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 145%. Our forward projection puts the odds of a 10% gain over the next month near 32%.

2026-07-18 Markdown $11.55 +0.0% Entry 3

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 65% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 145%. Our forward projection puts the odds of a 10% gain over the next month near 32%.

2026-07-03 Markdown $11.55 +0.0% Entry 2

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Markdown $11.55 Entry 1

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · FECCF
DateInsiderTitleTypeSharesValue
2026-03-18 Arevalo Vergara (Ivan Dario) Senior Officer of Issuer 20,480 $199,434
2026-03-18 Bonilla Lagos (Alejandra) Senior Officer of Issuer 23,406 $227,927
2026-03-18 Burgos Diaz (Rene Roberto) Senior Officer of Issuer 39,495 $384,602
2026-03-18 Cabrales Segovia (Orlando) Director of Issuer 52,660 $512,803
2026-03-18 Campagnaro (Renata) Senior Officer of Issuer 26,331 $256,411
2026-03-18 Frontera Energy Corporation Issuer 1,100 $10,556
2026-03-18 Frontera Energy Corporation Issuer 1,100 ·
2026-03-18 Sarmiento (Andr�s) Senior Officer of Issuer 11,703 $113,963
2026-03-17 Frontera Energy Corporation Issuer 2,300 $23,036
2026-03-17 Frontera Energy Corporation Issuer 2,300 ·

Public filings, recorded as found. The full tape lives at Insider Intelligence.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $10.38 +8.2% · $1,082 +8.2%
2 months $10.39 +8.1% · $1,081 +8.1%
3 months $9.66 +16.2% · $1,162 +16.2%
6 months $4.51 +149.1% · $2,491 +149.1%
1 year $4.58 +145.4% $0.05 $2,464 +146.4%
2 years $5.85 +91.9% $0.23 $1,957 +95.7%
3 years $8.23 +36.5% $0.27 $1,398 +39.8%
5 years $5.67 +98.2% $0.27 $2,030 +103.0%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever FECCF does next, these words stay.

Frontera Energy Corporation · FECCF · Distribution · $11.55
Recorded 2026-05-13 · before the outcome · scored mechanically

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