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Frontier: Frontier Oil
built 645 days ago
Frontier Oil Corporation is an independent oil refining and marketing company with complex refineries located in Wyoming and Kansas. Frontier's primary products of gasoline, diesel and are marketed in the Rocky Mountain and Plains States.
Frontier Oil Corp (FTO) opened at $44.91. So far today the stock has hit a low of $43.28 and a high of $45.08. FTO is now trading at $43.60, down 1.61 (-3.56%). After hitting a one-year low of $25.47 in January, the stock hit a one-year high of $49.13 in November. Shares of FTO are down with other energy stocks as crude oil futures for January delivery have fallen 1.31 to 88.00 in midday trading. Oil prices slipped below $88 a barrel thismorning as traders revealed anxiety over this week's OPEC meeting, which may result in an increase in production among member nations.
Frontier is an exploratory oil and gas business headquartered in Las Vegas, Nevada. Frontier has one gas lease under contract and intends to enter into drilling, completion and distribution agreements to exploit this lease. Frontier ... intends to enter into additional leases, as its funding permits. Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations there under. These forward- looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the oil and gas industry, competitive pricing pressures, completion of possible acquisitions, success at integrating and operating any acquired operations and the availability of necessary financing.
Frontier Oil Corp. (FTO) opened at 33.99. So far today, the stock has hit a low of 33.92 and a high of 37.28. FTO is now trading at 36.50, up 4.40 (12.94%). The stock hit its 52 week high of 49.13 in November and set its 52 week low of 26.71 last January. After rising strongly between August and November, the stock has been selling off over the past two months before today's solid move to the upside. Frontier has been moving strongly higher today after the company easily beat analyst estimates for its fourth quarter earnings.
Frontier is newly-recapitalized exploratory oil and gas business headquartered in North Las Vegas, Nevada. Frontier has one gas lease under contract and intends to enter into drilling, completion and distribution agreements to exploit this lease. Frontier ... intends to enter into additional leases, as its funding permits.
HOUSTON, March 5 /PRNewswire-FirstCall/ -- The Board of Directors of Frontier Oil Corporation (NYSE: FTO) declared a regular quarterly cash dividend on the Company's common stock of $0.03 per share ($0.12 annualized). The dividend is payable April 11, 2007 to shareholders of record on March 30, 2007.
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