Unfortunately the Media will trip him up. The others will gang up on him . But ultimately the issue is the American electorate voting against their own interests .
Don't know about the debt but know a VLCC can earn $40,000/Day-profit. So my math for FRO daily profit-
being conservative - 70 of the 90 ships in service 320 days/year with daily profit of $15,000/ship.
70 x 15,000 x 320 = $336,000,000 profit for year. Therefore I cannot see there would be a problem
to service the debt - whatever it is. If someone thinks I'm way off - OK -lets have your figures.
Mister I Boy...no need remind me this a strong buy.... been snagging good size chunks $2.50 - $1.50 since
Feb. '13 .... an still buying. I have patience for payback. Meanwhile its happy hour at Mac's Club Deuce !!
as tanker industry tanked. www.forbes.com/sites/christopherhelman/2012/03/21/how....
$3 Billion was taken from Frontline to buy SeaDrill and Marine Harvest. Many drills ships now
costing almost $100K/day laid-up instead of earning $500K/day. Reports of Marine Harvest salmon
infected with virus Piscine Reovirus. Could this be contributing to FRO being at $2.35......exactly
where I bought in Feb '13 when it was on the verge of BK.
Or...... plain criminal....since they troughed up for $Millions bonuses not so long ago.
Ph#*^#k it...gave it a good shot. Whatever happens I'll still be having a nice bottle of red plonk .An Scheller gets his gets $3.222Mill salary/bonus even if BK tomorrow.