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Frontline Ltd. Message Board

nikkorott 135 posts  |  Last Activity: Jul 29, 2015 7:53 PM Member since: May 15, 2012
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  • Reply to

    Out and About at 3.25, 3.26, and 3.28.

    by danielchristmaslee Jul 29, 2015 2:00 PM
    nikkorott nikkorott Jul 29, 2015 7:53 PM Flag

    Hi Rodrick,

    Roger has already pointed out my error and Daniel (The originator of the thread.) picked up on it. Thanks for keeping me honest though. That's 2 mistakes on this board in less than a week. One more and I'll have formed a habit.

  • Reply to

    Out and About at 3.25, 3.26, and 3.28.

    by danielchristmaslee Jul 29, 2015 2:00 PM
    nikkorott nikkorott Jul 29, 2015 3:11 PM Flag

    31 days to clear the wash sale. You might want to buy some September call options. That will get you past the wash sale and still lock in an entry. Just a thought.

  • Reply to

    holy cow-shorts now 12 million

    by greenirishblackirish Jul 28, 2015 10:35 AM
    nikkorott nikkorott Jul 28, 2015 3:45 PM Flag

    Skeptic,

    I completely agree with you but shorties play a different game. Their risk is unlimited so their strategy needs to be more defined. A far safer route is to buy Puts and stagger them out. That doesn't seem to be happening here and I doubt it's a coincidence.

  • nikkorott nikkorott Jul 28, 2015 3:37 PM Flag

    Mr. Yezov, my Russian friend, your post just proves that one doesn't need a business backround to be great president. Just like none of the other great presidents had. ;0)

  • Reply to

    holy cow-shorts now 12 million

    by greenirishblackirish Jul 28, 2015 10:35 AM
    nikkorott nikkorott Jul 28, 2015 3:14 PM Flag

    Something isn't adding up for me here. The Put/Call ratio is near zero. If the shorties were looking at a sinking share price I would think that ration would be much higher. This got me to thinking a bit. If you're short a stock and borrow the shares with the idea of paying for them at a lower price later, do you also get to vote those shares in a proxy? If that is the case, then could these shorted shares be padding for the merger vote?

    I'm not implying anything with the question. I really don't know the answer. If anybody has a handle on this I would appreciate some clarity.

  • nikkorott nikkorott Jul 28, 2015 11:10 AM Flag

    Hey Audio,

    Are you in Singapore or Hong Kong?

  • http://finance.yahoo.com/news/oil-sands-utah-alberta-205840924.html

    The numbers in this article are sketchy, at best. It does paint out yet another domestic production source.

  • Reply to

    FOX lies about Solar

    by lakeed98 Jul 27, 2015 9:27 AM
    nikkorott nikkorott Jul 27, 2015 10:44 AM Flag

    Fox lies? I'm shocked!!!!! Oh wait, even they don't call their on air personalities journalists. They're labeled as entertainers. Are you not entertained?

  • Futures prices are making it increasingly profitable to store surplus crude in the United States, coinciding with a strong period of oil imports and a further build up of already swollen stockpiles. WTI crude futures prices imply the market is paying more than 61 cents per month to cover the cost of financing and storing oil at the Cushing delivery hub during the fourth quarter of 2015. The WTI contango for the fourth quarter of 2015 has tripled from less than 20 cents per month at the start of June. Over the same period, the contango for fourth-quarter Brent has increased by much less, from 37 cents to 48 cents per month. It has become more profitable to store oil in the United States in a “cash and carry” strategy tied to WTI than in other parts of the world benchmarked to Brent. Unsurprisingly, the increased contango in WTI has coincided with an increase in tanker arrivals and crude oil imports. Crude imports have risen from a recent low of 6.9 million barrels per day (bpd) in the four weeks ending on May 22 to 7.5 million bpd in four weeks ending July 17. In the week ending July 17, imports hit 7.94 million bpd, the second highest rate for the year, according to data published by the U.S. Energy Information Administration. Crude imports have been rising strongly even though crude stockpiles are close to their highest levels for 80 years. The fast pace of imports has been enough to keep stocks from falling even though U.S. refineries are processing crude at record rates of more than 16.8 million bpd.
    Crude stocks at Cushing, Oklahoma, the delivery point for the WTI futures contract, have risen almost 1.7 million barrels in the last four weeks, after dropping by almost 6 million barrels over the previous nine weeks.The futures market is positioned for a further increase in crude storage during the final three months of the year.
    Source; Reuters

  • BDTI and BCTI have moved up by 13.6% and 13.0% respectively in June 2015. This is because of increased activity in the Arabian Gulf and Atlantic basin, greater crude shipments towards Europe and eastern markets and tight tonnage supply led by port delays.
    VLCC earnings moved up ~1.1% m/m to ~USD 45,500pd and spot rates peaked at USD 91,000pd for West Africa-US Gulf. Rates remained firm in the Arabian Gulf as well as West Africa as demand from the East continued to be strong. The split of the VLCC fleet between the Middle East and West Africa, greater trade on long-haul routes coupled with the commencement of the Basrah Heavy export would keep demand for these vessels firm and support highly profitable charter rates.
    Suezmax earnings moved up marginally by ~0.7% m/m to USD 33,750pd and the spot rate for June averaged ~USD 54,000pd. Rates remained firm with increased loadings in the Arabian Gulf and West Africa following tight tonnage availability and increased demand. Greater unsold cargo volume in West Africa is expected to create additional demand for these vessels. Optimism for this vessel segment is reflected in the 7.6% increase in orderbook in June.
    Aframax earnings remained firm at USD 25,000pd, with the spot rate peaking at USD 72,000pd on the TD7 route. Rates increased on major routes mainly because of high tonnage demand and port delays. The spur in activity in Libya supported the demand in the Mediterranean and Black Sea. Additionally, congestion at discharge ports and delayed loading at Ceyhan aided freight rates.
    Source: Drewry Maritime Equity Research

  • Reply to

    NAT

    by nikkorott Jul 24, 2015 1:59 PM
    nikkorott nikkorott Jul 24, 2015 4:51 PM Flag

    Oops! Thanks Bernie. Once again I've dished out advice worth every penny paid. ;o)

    Have a good weekend.

  • nikkorott by nikkorott Jul 24, 2015 1:59 PM Flag

    Just a thought for you folks.

    NAT goes ex-div on the 29th with 40 cents a share. Earnings are on the 10th. They only own Suezies but their break even costs are less than $12k. Once they post earnings we'll have another nugget of info on what to expect from FRO.

  • nikkorott nikkorott Jul 24, 2015 11:41 AM Flag

    Hey Rami,

    When FRO finally gets to your break even price are you going to sell?

  • Reply to

    Roger

    by nikkorott Jul 21, 2015 4:15 PM
    nikkorott nikkorott Jul 23, 2015 6:42 PM Flag

    ie_rocks,
    "Many of you on this board need to study some history and ALOT of political science watching this thread. You guys are absolutely clueless as to what you want and what will get you there. Your views on the candidates is ludicrous when looking at what you want. You may hate Trump as a person, but he is the one who will get you there. Exactly what we need as a President."

    Ok, I'll bite. Maybe I'm wrong about Trump. School me. What are his policies are in bullet point format. All I've heard is bloviating and grandstanding ala PT Barnum.

  • http://www.bloomberg.com/news/articles/2015-07-22/oil-rigs-left-idling-turn-caribbean-into-expensive-parking-lot?cmpid=yhoo

    Frontline has to work. Seadrill must be killing JF.

  • For owners of the supertankers capable of hauling more than 2m barrels of crude around the world, the crash in oil prices has been good for business.
    After suffering five years of flatlining rates and shrinking profits, operators of Very Large Crude Carriers (VLCCs) are enjoying strong trading conditions for the first time since the financial crisis, when a glut of tankers came on the market just as demand collapsed.
    Since the turn of the year, the cost of hiring a VLCC has jumped more than 50 per cent, with the rate for shipping oil from Saudi Arabia to Japan — the benchmark supertanker route — rising to almost $90,000 a day, a seven-year seasonal high.
    For the big tanker companies such as Euronay, DHT Holdings , Teekay Tankers, Frontline and Nordic American , the oil market rout that started in 2014 is a boon that could allow them to reduce debt, invest in new vessels and reward shareholders that have stuck with them through the lean years.
    “It’s a very favourable environment for ship owners,” said Svein Moxnes Harfjeld, joint chief executive of DHT Holdings, a New York-listed tanker company. “Companies such as ours are generating a lot of cash.”
    A cyclical and volatile industry prone to booms and busts, the tanker market has three main drivers: demand for oil; the distance between producing and consuming regions; and the supply of new ships. They are all positive at the moment. Even though output from high-cost oil producers is expected to slow next year, forecasts published this week by Opec, the cartel of oil producing nations, indicate the market will remain oversupplied by at least 1m/bd before adding higher supplies from Iran after this week’s nuclear deal.
    The near halving in oil prices has helped increase shipments as China and India use the downturn to fill strategic oil reserves. Many oil refineries are also running flat out, as cheaper crude has boosted profit margins for selling petrol, diesel and jet fuel.
    Source: Financial Times

  • nikkorott nikkorott Jul 22, 2015 6:52 PM Flag

    Jaybull1025 is a ranting idiot.

  • nikkorott nikkorott Jul 22, 2015 3:59 PM Flag

    Roger,

    This entire treaty thing is nothing more than stage drama. Think about what Iran would do if everybody else was completely overjoyed by the deal. They would have to be second guessing themselves thinking they gave up to much.

    Congress is going to spit and sputter and have their tantrums. The treaty will be voted down but just not enough to be veto proof. Obama will the sign treaty and then the fun begins. Companies will falling all over themselves to get in to Iran for business and Haliburton will be at the front of the line.

  • nikkorott nikkorott Jul 22, 2015 3:48 PM Flag

    "what do you mean "short interest is actually increasing a wee bit?""

    Nothing to fear. Folks reading charts instead of fundamentals. Ride the bull.

  • Reply to

    SHORT SQUEEZE !!

    by sandybayou Jul 22, 2015 2:29 PM
    nikkorott nikkorott Jul 22, 2015 3:34 PM Flag

    If you recall a few weeks ago there was huge interest in call options. There were a couple of guys on this board that noticed it and posted about it here. Kudos to them! The timing on this run up is directly in line with those options expiring worthless. I think the folks holding those options have decided to quit being cute and just buy in and hold. I'm showing short interest is actually increasing a wee bit.

FRO
3.17-0.13(-3.94%)Jul 30 4:01 PMEDT