No, I didn't. I said that the ships mentioned in the article are not owned by Frontline anymore. Then I posted the VLCC's Frontline has in their fleet. Then I said they must have sold them, meaning, the ships mention in the article, but not on the list, must have been sold, sorry for the confusion.
Sentiment: Strong Buy
2.10 is my close prediction, time will tell. GL. I am neither short or long, I am invested.
Moron?? O.K. then google this "Frontline Sells Three VLCCs as 2015 Looms" And elaborate how much of a moron I am after reading it. GL :)
VLCC as of December, 2014
Sort fleet list by:
Type Vessel Manager Flag Built Hull S.Dwt Yard
VLCC Front Century ITM MI 1998 DH 311 189 Hyundai
VLCC Front Vanguard ITM MI 1998 DH 300 058 Hitachi
VLCC Pioneer 2) Seateam IoM 1999 DH 307 000 Samsung
VLCC Front Circassia V.Ships NO MI 1999 DH 306 009 MHI
VLCC Progress 2) SeaTeam IoM 2000 DH 307 000 Samsung
VLCC British Purpose 2) BP IoM 2000 DH 307 000 Samsung
VLCC Front Scilla ITM MI 2000 DH 302 561 KHI
VLCC Pride 2) SeaTeam IoM 2000 DH 307 000 Samsung
VLCC Front Tina 3) V.Ships DE LIB 2000 DH 298 824 KHI
VLCC Front Commodore 3) V.Ships DE LIB 2000 DH 298 620 Hitachi
VLCC Front Ariake Thome IoM 2001 DH 298 530 Hitachi
VLCC Front Page Thome LIB 2002 DH 299 164 Hitatchi
VLCC Front Falcon Thome BS 2002 DH 308 875 Samsung
VLCC Front Stratus ITM LIB 2002 DH 299 152 Hitatchi
VLCC Front Hakata SeaTeam IoM 2002 DH 298 465 Hitachi
VLCC Front Serenade Thome LIB 2002 DH 299 152 Hitatchi
VLCC Front Force Thome Cyprus 2004 DH 305 422 Hyundai
VLCC Front Energy V.Ships NO MI 2004 DH 305 318 Hyundai
VLCC Front Endurance 1) V.Ships NO MI 2009 DH 321 300 Daewoo
VLCC Front Kathrine 1) V.Ships UK MI 2009 DH 297 000 SWS
VLCC Front Queen 1) V.Ships UK MI 2009 DH 297 000 SWS
VLCC Front Eminence 1) V.Ships NO MI 2009 DH 321 300 Daewoo
VLCC Front Cecilie 1) Seateam HK 2010 DH 297 000 SWS
VLCC Front Signe 1) Seateam HK 2010 DH 297 000 SWS
Frontline doesn't own any of them VLCC ships mentioned.
Yes it is, hope it holds. Still think 2.10 will be the close, time will tell. Thumbs up :) Changing sentiment to HOLD. GL.
We have to hold tight while the mutual fund and institutional buyers are loading up. Yesterday and today Morgan Stanley alone will have bought over 40k shares. Merril Lynch, Pareto Securities, UBS, SkandiaBanken, just to name a few are loading up.
Yes, the previous close was 2.87, so the best case would be losing around .28 from there. Worse case would be around 2.28 close.
Everyone seems to overlook that, cheaper fuel oil and how it adds to their bottom line.
Well, I was wrong. : ( maybe I should have said Fro will close above 2.63, oh well. gl :)
I won't even consider selling FRO before the beginning of quarter 2, 2015. Good luck!!
You wont get one today. Around 2.63 will be the closing price.
Shale production costs about 60 dollars a barrel to be profitable, opec oil, like the saudis, says they can do it for around 10 dollars a barrel and still be profitable.
Oh, btw, oil not going down due to supply, opec trying to crush shale production, its a war on production costs, not a supply issue.