Too far too fast. The Iran deal and the reintegration of Frontline 2012 is making this spike. It looked like, just a few years ago, that splitting the company was a way to let FRO go bankrupt without sacrificing the most profitable tankers. FRO had the higher break-even, older, less efficient tankers so took the losses. It was looking like a sacrificial lamb. Now with spot prices for tankers high that danger has passed. However, a lot of the demand is coming from the use of those old ships as tanks, not tankers. The Chinese are using them to store cheap oil. The oil will get pumped out as soon as there's an uptrend in the price, and FRO will lose that revenue. I'm long but really. It wasn't worth a buck less yesterday. Short-term overbought.