FRO would of been a winning bet at the low 3's once again. It is getting played as no news has come out to support this kind of move. For whatever reason the move up is good news.
figure it out. it was because of bernanke's QE driving up the price of oil. but now the saudis are pumping like mad, and obama is threatening an SPR release.
Shareholder meeting Friday. Proposal has a set up for paying dividends in the future.
6% is nice but not huge. 3 times the volume is.
Bloomberfg Markets Magazine has huge profile on owner of Frontline. Check it out in this months issue.
Sentiment: Strong Buy
Maybe a TOB by JF? Or a war bet Isran?