Conventional wisdom says that rates are going down due to newbuilds. However, tanker rates are now stronger than they were this time last year. It looks like newbuilds are slowing down. In any case when conventional wisdom proves wrong it can lead to a great upside surprise.
Regarding FRO the Norwegian Krone is trading at a low against the U.S. $. There is a good chance that it will gain against the $ which would be a good development for U.S. shareholders.