Highfields Capital Accumulates 6.7% Stake in Frontier Oil (FTO)
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In a 13G filing on Frontier Oil Corp. (NYSE: FTO), Highfields Capital disclosed a 6.7% stake (7,052,649 shares) in the company. The firm did not show a stake in Frontier Oil at the quarter ended 3/31/08.
Frontier Oil Corporation, together with its subsidiaries, engages in refining crude oil and marketing refined petroleum products.
Highfields Capital Management, founded in 1998, is a value-oriented investment firm focused on achieving long-term capital appreciation by investing in public and private companies. It invests over $11 billion of capital worldwide, across a wide variety of industries, security types and geographies.
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