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Frontline Ltd. Message Board

barbershores 96 posts  |  Last Activity: 12 hours ago Member since: Oct 15, 2005
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  • "Russia Oil Exports by Sea to Reach 6-Year Low on Refining"

    bloombergDOTKOM/news/2014-07-24/russia-oil-exports-by-sea-to-reach-6-year-low-on-refining.html

    "Seaborne crude shipments from the world’s biggest energy exporter via the state-run pipeline system in August will fall 9.2 percent from this month to 2.215 million barrels a day, according to loading programs obtained by Bloomberg News. That’s the lowest since Bloomberg began tracking the data in 2008. Russia’s two biggest crude terminals, Primorsk and Novorossiysk, will both export the least on record. "

  • Reply to

    OT BS personal, ideological, and party agenda

    by barbershores Jul 28, 2014 11:17 PM
    barbershores barbershores 15 hours ago Flag

    Hi Mr. Rott,

    From your post: "I'm betting that your own municipality doesn't even do that."
    ---------------------------------------
    You would lose that bet. We vote on how we run our town in our annual meeting.

    The political parties fight it tooth and nail. They hate having the citizen usurp "their" God given power. Go figure.

    Every other year a bill comes up trying to make the town management more autonomous. Every other year a bill comes up trying to allow people to vote in our elections that don't actually even live here.

    So far, we have been effective in blocking these folks overwhelmingly.

    They don't like this because a minority cannot tell the majority how they have to live.

    It's a battle being waged all over the country.

    The way the trend is going today, I expect with time, we shall lose.

    Just my take.

    Best of luck,

    Power to the citizens,

    Barbershores

  • Reply to

    OT BS personal, ideological, and party agenda

    by barbershores Jul 28, 2014 11:17 PM
    barbershores barbershores 20 hours ago Flag

    Without going through my entire diatribe,

    My solution is to let the citizens vote on the bills before they become law.

    In a democracy, a true democracy, every citizen gets to vote on each issue.

    A republic is supposed to emulate that end result. But ours has been corrupted.

    So, I support democracy, even with all of it's faults it's much better than the dedrater communism we have now.

    Our current approach contains so much moral hazard, that my fear is that a continuation may end in fragmentation and may even come with much bloodshed.

    We need to change paths to one that the majority of citizens can support issue by issue.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS personal, ideological, and party agenda

    by barbershores Jul 28, 2014 11:17 PM
    barbershores barbershores 20 hours ago Flag

    Mr. Rogere,

    Both the article and my posting point out that it is both the democrat and republican parties that are stacking the court system.

    As such, the intended purpose of the courts according to the constitution have been compromised.

    In this particular article, it clearly states that the reason that the recent court ruling went against Obamacare was because the republicans had effectively stacked that court.

    It also stated that it expected, that on appeal to the next higher court, the recent court shall overturn the recent court ruling, because, the democrat party has quite effectively stacked that court.

    If what was predicted actually happens, then the title of the article is correct. Harry Reid will have saved Obamacare by his changing of the administrative rules of the senate allowing the democrat party to effectively stack the courts with left leaning justices.

    If so, in this case, the democrat party will have out stacked the republican party.
    ----------------------------------------------
    My question is: Is this really the way we want our government to run? With our so called representatives in both parties shoving their agenda at every opportunity, and stacking the courts so the other party cannot stop them?

    To me, the end result of the matter the courts are deciding, is far far less important than the fact that the end result is the product of political chicanery instead of court justices adhering to constitutional law.

    That's my take anyway.

    Power to the citizens,

    Barbershores

  • Reply to

    OT BS alternative power costs

    by barbershores Jul 28, 2014 3:10 PM
    barbershores barbershores 21 hours ago Flag

    Hi Mr. Yezov,

    From my research of thorium power, uranium was chosen by the US government solely because of the weapons grade materials that were made available. So, all the development at the cost and blessing of the US government was using uranium. That became the standard. That is where the development was perfected. That is where the "approvals" were given.

    Several countries have been working with thorium. Results have been very positive. However, we live in an environment where new nuclear reactors are difficult if not impossible to build due to environment concerns and regulatory issues. Thorium just can't seem to get the impetus to really get going. Thorium isn't perfect. But, appears to resolve the vast majority of issues with uranium.

    But, in a world where so many are anti nuclear, building nuclear plants with a substituted radioactive fuel doesn't get us over the perception hurdles.

    Pilot/prototype plants have been built, the process has been demonstrated. It works. It needs more refinement. But, can we go large scale with a new fuel? I don't think we are ready today. But, with time, and changes, maybe it will be the way.

    If we can find a way to store electricity, lots of it, at point of use and point of generation, so individual homes and businesses can generate their own electricity on a constant output without connection the a grid for back up, we would probably be better off. The cost and inefficiency of the grid and central plant generated power could make up for the cost of on site generation.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS personal, ideological, and party agenda

    by barbershores Jul 28, 2014 11:17 PM
    barbershores barbershores 21 hours ago Flag

    Hi Mr. Rott,

    From your post: "So your issue isn't with the representative government but whom gets represented? "
    ---------------------------------------
    The short answer is "yes". But, what is happening is a stealth assault on the American people. The "democratic" party, is not a democratic institution. But, they use the name to give the impression that they are.

    Likewise, the "republican" party does not govern itself as a republic, but they use the name to give the impression that they are consistent with our being a republic.

    All of our past presidents refer to our form of government as a democracy. But, the real core basis of democracy has been effectively usurped. The actual definitions have been corrupted. The core concept in "democracy" is governance according to the will of the majority of the citizens. But, what we have, is governance according to the current power ebb between two warring factions of party leadership, each having only between 6 and 10 people. Basically, our country is being run by about 16 people, 8 on each side in a battle of red rover.

    Whom is smarter?
    The 16 considered party leadership, or,
    320 million American citizens?

    I'll go with the 320 million.

    Just my take.

    Best of luck.

    Power to the citizens,

    Barbershores

  • Reply to

    OT BS personal, ideological, and party agenda

    by barbershores Jul 28, 2014 11:17 PM
    barbershores barbershores 21 hours ago Flag

    Hi Mr. Rogere,

    From your post: "You do not seem to mind the majority 2-1 decision against ACA"
    -------------------------------------------------
    I have "not" voiced any opinion on the recent court ruling. You have no basis to claim that I "do not seem to mind". The point here being, as discussed in the article, that the ruling went against Obamacare "because" in that court, the judges had been stacked against it by the republicans.

    Also from your post: "You want a democracy only when your side wins"
    ----------------------------------------------
    This is absolutely a false statement. For one thing, I don't have a side. I am not a republican, a democrat, a libertarian, or even an independent. I am not a member of any party. I don't see Obamacare as being an ideological issue to the American people. Of course it is an ideological issue to the leadership of the democrat and republican parties, but not to the most of us.

    If, on an issue, I find myself on the minority, and there is a very clear majority view, in my opinion we should follow the will of the majority. It could be that I am just wrong, or it could be that my position is correct, but out of favor. Regardless, the action should be with the majority.

    The point of my posting this, is to point out how corrupted our politics are. Where the parties suck up all the political power in order to cram their agenda on the American people, and attempt to block the other party from doing the same. If, in order to further their agenda they need to stack the court system with political hacks, they will do this.

    This action undermines the intended democracy, republic, representative democracy, and purpose of the constitution of the the United States of America.

    Perhaps you just think things are fine the way they are. Lately, we have been getting the majority of the agenda cram from the left, which seems to be what you want.

    I would like to see the will of the majority become important again.

    BOL BS

  • Reply to

    OT BS alternative power costs

    by barbershores Jul 28, 2014 3:10 PM
    barbershores barbershores 22 hours ago Flag

    Hi Mr. Dan,

    From your post: " If each of us simply became more conscious of the energy we use and made efforts to be more efficient, the impact would be huge. "
    -------------------------------------------------------------
    First off, I am all for efficiency. I think living a less ostentatious life is preferable to flamboyance.

    But, I am not sure what you think the impact would be huge on.

    1. energy use
    2. energy costs
    3. global warming

    1. energy use. If we as a nation, consume less energy, our energy use would fall. That, of course, is a given. But a huge impact? I don't think so.

    2. energy cost. If we consume less energy, our energy use would fall, and one would normally expect energy costs to fall, but so much of global pricing is controlled by Russia and OPEC. These guys are in collusion to set prices. The current administration seems keen on exposing the US to global prices as much as possible, to keep prices up to cause a reduction in use, so even if we were to drop energy use, prices will still climb. So, no huge impact on energy costs.

    3. global warming. Following the current conventional wisdom, global warming is directly connected to carbon-dioxide concentration in the atmosphere, there will be no huge impact caused by conservation . The reason for this is that we are generating carbon-dioxide at a rate of over 1000 times as much as the planet can metabolize.

    If globally, we were to reduce our energy use by 10%, a truly huge number, it would not have a particularly significant effect on carbon-dioxide concentration increases. Because, we would still be generating carbon-dioxide at a rate of over 900 times the level that the planet can metabolize. Sure, there would be a lot of cheering and back slapping with our success, but the practical realities would be that the concentration would still be building in the atmosphere at about the same rate. Global warming "would not" be stopped.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    OT BS personal, ideological, and party agenda

    by barbershores Jul 28, 2014 11:17 PM
    barbershores barbershores 22 hours ago Flag

    Hi Mr. Rott,

    From your post: "If you recite the Pledge of Allegence you'll find that the US is a republic. "
    ------------------------------
    This is inconsistent with my view point. Another name for the classical republic, is a representative democracy. However, we don't have that.

    In a republic, aka representative democracy, the citizens vote for a representative to represent their, the citizens, view point. This function has been hijacked by political parties. When a citizen votes for say a US senator for their state, that senator "does not" represent that citizen. Instead, that senator now votes for the source of their success in that election. That is the political party that has a bazillion canvassers out giving and getting signatures, and provides a bazillion dollars to the campaign.

    What comes through, instead of the view of the citizen, is the agenda of the party that got that senator elected. So, coming into the election, that senatorial candidate must align with party agenda, and stay aligned, or the party will not support that candidate.

    This is the cause of the polarization of politics in America.

    The citizens are far far less polar than our elected officials, because, most of us aren't staunch conservatives, or staunch liberals.

    However, the view of the majority is constantly thrown under the bus. Because, our so called representatives, in representing their parties, vote according to their personal views, party ideology, and specific party agenda, and in no way represent the wishes of their constituents.

    The absolute best indication of this, is how the leadership of each party puts so much effort into stacking the court system.

    This action by the political parties, has all but killed the US constitution.

    So, since in my opinion, only a small percentage of the population are able to see the reality of the impact of party politics, when an article comes out demonstrating it so well, I post it.

    Just my take.

    BOL

    PTTC

    BS

  • Just for those of you that haven't figured it out yet, there is a political war going on where our so called representatives suck out of the hands of the citizens, all the political power, then use it to further their personal, ideological, and party agendas. Also, they do all they can to keep the other party from furthering their special interests.

    When the presidency and both houses of congress are in the hands of a single party, the agenda cram upon the American people goes on in full force, as illustrated by the first 2 years of the Obama administration.

    When one house is of the other party, the only ways to continue the agenda cram is to change legislative rules or stack the courts with judges that wish to further their personal, ideological, and party agenda.

    This article demonstrates how this process works:

    businessinsiderDOTKOM/harry-reid-obamacare-halbig-lawsuit-2014-7

    'Here's how Reid's senatorial nuke could theoretically save Obamacare. Last week, a three-judge panel on the D.C. Circuit Court ruled that a 2012 IRS regulation that implements key subsidies under the law is invalid, in the case of Halbig v. Burwell. The decision has the potential to affect more than five million people who have been given tax credits when purchasing health insurance through the federal exchange.

    But the Department of Justice is appealing the panel's decision, requesting an "en banc" review by the full D.C. Circuit Court. The math for the Obama administration is better in this situation — the court splits 7-4 in favor of Democratically appointed judges, because of Reid's rule change. Because of this breakdown, legal experts believe the D.C. court will reverse the Halbig decision if it grants the en banc review.
    ----------------------------------
    If you actually believe we live in a democracy, you are living your life with your eyes closed.

    Just my take.

    Power to the citizens,

    Barbershores

  • Reply to

    OT BS alternative power costs

    by barbershores Jul 28, 2014 3:10 PM
    barbershores barbershores Jul 28, 2014 7:52 PM Flag

    Hi Mr. Yezov,

    I agree with your points on nuclear. There is another nuclear route however which makes more sense. It is not fully developed, but it has much less of the problems that "uranium" based nuclear has.

    It was decided long ago to be the best nuclear fuel for power plants, but the US went with uranium because they can make weapons out of it.

    Thorium reactors:
    have very little radioactive waste.
    cannot go critical.
    cannot produce weapons grade radioactive isotope

    Thorium is:
    5 to 10 times as abundant on the planet as uranium is.
    easier to process
    less dangerous to process
    is lower cost to produce pellets

    Most people think uranium when they think nuclear.

    But, there are alternatives.

    In my opinion, we need a plant which can feed continuously into the grid without generating hazardous waste. Right now the choices are nuclear, coal, or natural gas fired.

    Nuclear based on thorium is the best choice at this point in time.
    We need to just do the added work to make thorium work.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    FRO even got an upgrade and stock went down

    by rami36 Jul 28, 2014 4:53 PM
    barbershores barbershores Jul 28, 2014 6:57 PM Flag

    Hi Mr. Rami,

    Tough when the stock catches an upgrade and the price still falls.

    My charts say that the stock is acting "too" predictably. It is respecting the overhead resistance line too too well.

    Worden's MS, Money Stream, and TSV, Time Segmented Volume, are starting to show positive divergences. I shall be watching closely for a test of May lows with macd histogram roll up around $2.20.

    Too early to call, but the last time the chart set up like this, I posted right at the bottom saying a bounce was due right there. That was July of last year right around $1.80.

    I know it all looks kinda pessimistic right now, but sometimes great bounces come from that.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    FRO, the company

    by michaelmcmx Jul 28, 2014 1:52 PM
    barbershores barbershores Jul 28, 2014 3:17 PM Flag

    Refer to: frontlineDOTBM/pdf/Loan_Agreement_-_Frontline_CB_2010.pdf

    This is a subfile of Frontline's website found at: FrontlineDOTBM

  • Reply to

    FRO, the company

    by michaelmcmx Jul 28, 2014 1:52 PM
    barbershores barbershores Jul 28, 2014 3:15 PM Flag

    Hi Mr. Mcmx,

    The tankers shall stay in play, but right around April 14th, 2015 when the bonds mature, they will most likely no longer be owned by most of the current shareholders of Frontline. I expect that JF, perhaps through a subsidiary such as Nemen, shall end up with the tankers, and without any responsibility to the rest of the shareholders.

    Just my take.

    We shall see.

    Best of luck,

    Barbershores

  • barbershores by barbershores Jul 28, 2014 3:10 PM Flag

    Finally, someone wrote an article that demonstrates that they actually get it.

    "Sun, wind and drain"

    economistDOTKOM/news/finance-and-economics/21608646-wind-and-solar-power-are-even-more-expensive-commonly-thought-sun-wind-and

    " solar power is by far the most expensive way of reducing carbon emissions. It costs $189,000 to replace 1MW per year of power from coal. Wind is the next most expensive. Hydropower provides a modest net benefit. But the most cost-effective zero-emission technology is nuclear power."
    -----------------------------------
    Until we have reliable methods to store excess electricity from wind or solar or whatever, so one may be energy independent at the point of use, we shall still be reliant upon the grid and some backup of carbon based combusion.

    Until that day, all of this solar and wind won't put nary a dent in our carbon generation which today is more than 1,000 times the amount the planet can metabolize.

    So, the carbon-dioxide concentration in the atmosphere shall continue to rise.

    Just my take.

    Best of luck,

    Barbershores

  • mercurynewsDOTKOM/rss/ci_26222771

    Actually there "is" health insurance that actually makes sense.

    "Obamacare: 'Health care sharing ministries' increase membership in wake of new law"

    "In return, participants agree to follow a "biblical lifestyle," including attending church regularly, abstaining from sex outside of marriage and tobacco, in addition to not abusing drugs or alcohol."

    "Facing a $200 hike on top of the $1,100 in monthly insurance premiums he was already paying for himself, his wife and the last one of their children still living at home, the prospect of contributing about $500 to a health sharing ministry made sense. Nationwide, health care ministry monthly contributions average about $130 per person to $400 for a family of four."
    ----------------------------------------------------
    So, instead of paying $1400/month, this family can pay just $500/month without subsidies.

    This indicates that about 65% of unsubsidized Obamacare premiums, come from living a ypparc life style.

    Sounds about right to me. Cut your insurance premiums by 2/3rds by not living your life in a manner in which you will need all those services.

    I am certain this is soon to be crushed. There is no way the democrat party leadership will stand to have people that take care of themselves opt out of having to pay for the folks that live a ypparc life style. People are not allowed/expected to be responsible for themselves, so the few of us that are, have to pay for those that don't.

    Just my take.

    Stay healthy.

    Best of luck,

    Barbershores

  • Reply to

    How worthless is this board?

    by jamlsher99 Jul 24, 2014 8:25 AM
    barbershores barbershores Jul 25, 2014 9:59 PM Flag

    Hi Mr. Isher,

    I will ditto Mr. Deloach's response: ""The board used to be really good ten years ago, but has diminished to the current state."
    FRO used to be really good ten years ago, but has diminished to the current state."
    -----------------------------------------------
    I will add: "The sector was really good ten years ago, but has diminished to the current state."

    From your post: " I wonder how many bonds were held by Hemen Holdings, which is JF's private fund."
    ----------------------
    I have often wondered the same thing. But, I am now thinking that Hemen probably did not buy any of the bonds originally. But, I expect they will buy them later for pennies on the dollar. Then, after the liquidation, they will still own their ships while having shaken off the rest of the share holders.
    ----------------------------------
    The Frontline story is mostly about a company having assets that at one time were in short supply, then later, due to sector overbuild, those same assets glutted the market.

    Frontline was unique in that it paid out huge sums in dividends. It did that for as long as it could. And that is what attracted many to the company over the years. Those days have been gone for awhile now. When the sector became glutted, away went the dividends.

    Tankers are a highly reproducible commodity. All it takes is capital to get in the business. There is no perceivable difference between a suezmax or vlcc crude tanker held by one company or any other of the same age.

    But, the technology of the newer tankers is quite superior and allows them to operate at a lower overall cost compared to the older tankers.

    Now, Frontline finds itself operating in a space in which all of it's competitors drive the prices down because their operating costs are lower by either technology or lack of debt. It is just a matter of time until that debt is removed from the ships.

    Just my take.

    Best of luck,

    Barbershores

  • Reply to

    guess todays news was bad for FRO shares

    by rami36 Jul 24, 2014 1:40 PM
    barbershores barbershores Jul 25, 2014 9:42 PM Flag

    Hi Mr. Rott,

    From your post: "Equity holders are looking like they're going to get stiffed to me."
    ---------------------------------------------------
    I am expecting this as well. However, JF is an equity holder, and I expect he will end up making out like a rose. Probably by buying up the debt/tankers for pennies on the dollar.

    We shall see.

    Best of luck,

    Barbershores

  • Reply to

    BS Fro article

    by barbershores Jul 24, 2014 2:38 PM
    barbershores barbershores Jul 25, 2014 9:37 PM Flag

    Yeah, it's pretty old. Apparently there are some on the board that have to have more substance. If they haven't seen this before, now at least they have something else to whine about. Yawn.

    Best of luck,

    Barbershores

  • barbershores by barbershores Jul 24, 2014 2:38 PM Flag

    finance.yahooDOTKOM/news/investing-frontline-pureplay-crude-tanker-204419856.html

    Hoping this time it actually makes it to the board.

    BOL,

    BS

FRO
2.51+0.02(+0.80%)9:48 AMEDT

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