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Frontline Ltd. (FRO)

NYSE - Nasdaq Real Time Price. Currency in USD
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10.97+0.19 (+1.76%)
As of 12:51PM EDT. Market open.
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  • W
    WADES
    Do investors not read the news? EU is putting pressure Russia oil. Winter is coming. The number of available tankers will be dropping in the next 2+ years. Tanker rates are increasing. What does it take to move a stock up?
  • K
    Klaus
    Tradewinds :
    Clarksons raises 2024 VLCC rate forecast to $90,000 per day
    Suezmaxes and aframaxes also set to strengthen over the next two years
  • J
    Johnny
    My understanding of what`is happening now is a natural correction - which can probably be explained by many factors. The fact is that rates are ticking upwards. 78,900 in spot. For VLCC. With a premium of 7K for eco and 12-14k for scrubbers, we are approaching rates of $100,000.
  • W
    WADES
    IMO opec+ is saying that they will cut production to get the futures up to reflect a more realistic price than pushing it down based on recession.
  • b
    bb06
    We are soon to be entering the 4th quarter and FRO is one of the better performers in the market this year. Winners will continue winning as tutes will want tanker stocks in their portfolio to show how smart they are. Good Luck.
  • W
    WADES
    Bloomberg reports that traders are booking tankers for floating storage. That should lead to a really tight tanker market! IMO
  • W
    WADES
    Will the booking of tankers for floating storage lead to 2020 shipping rates?
  • J
    Johnny
    Several short positions OSL FRO stock. They need to start cover it tomorrow. No way they win this time Alpine Associates Management Inc.Short Position value Latest win/loss Startprice position Total value change 0.51 % 153.27 M -8.23 M 116.00 NOK -22.44 M Carlson Capital Uk LlpShort Position value Latest win/loss Startprice position Total value change0.54 % 165.79 M -8.91 M 134.40 NOK -1.83 M Millennium Capital Partners LlpShort Position value Latest win/loss Startprice position Total value change1.24 % 377.25 M -20.26 M - - M Verition Multi-strategy Master Fund Ltd.Short Position value Latest win/loss Startprice position Total value change1.12 % 341.77 M -18.36 M 134.40 NOK -3.77 MTotal: 3.41 % 1,038.08 M #$%$76 M - 28.05 M
  • M
    Marc
    q3 will not yes be the limit: vlcc averages will be moderate, only september was really good.
    but in mind the merge you should take in account also eurn...
    the fleet can generate 1.6 B$ cash in 2022, if spot prices stay at current levels. Next years newbuildings and fresh cash can add 300MM$ /year years... and cumulated 2022 -2024 cash then >current capitalisation.
    But i see bigger cash generation: q4 cash generation: 150 ships x 350 days x 20 000?
    Bullish
  • E
    Eagle53
    Strong buy from Cleaves Security here in Norway today. Target from $16 to $23
  • W
    WADES
    If Russian embargo is successful, shipping rates should skyrocket! IMO
  • J
    Johnny
    Rates are up every day and FRO down???
  • K
    Klaus
    Tradewinds today ; Fixture activity in the Middle East keeps pushing VLCC rates upward

    VLCCs sailing from the Middle East to Asia are earning rates in excess of $70,000 per day, according to Tankers International

    💪
  • m
    moebius7
    $TNP conversation
    Keep an eye on this is heading big time.

    A few new VLCC fixtures:

    Landbridge Glory (2019, scrubber)
    USG → Singapore
    $79,800/day @ 81 days

    Front Tweed (2022, scrubber) $FRO
    USG → S. Korea
    $68,006/day @ 95 days

    Ithaki (2011, VLSFO)
    AG → S. Korea
    $58,971/day @ 44 days

    Q4 FFA's are at WS 82 now.
    Bullish
  • J
    J.
    Get a position around $12 range. Russian oil sanction means routines for oil transportation will be longer, coupled with fewer new VLCCs coming into service until at least 2025, climate compliant speed reduce (needs more VLCCs), we should have several good years to hope for. Renewing of FRO dividend pays to wait.
    Bullish
  • b
    bb06
    Upgraded from Hold to Buy, Jefferies tgt from $11 to $16...Good Luck.
  • C
    Cheryl
    $FRO, $NVGS, $SFL, $TNK, $FLNG, $KNOP, or $DHT from here?
  • A
    Audiophulle
    Tankers are taking off... time to buy.
  • W
    WADES
    Have the shipping rates dropped?
  • S
    Svend
    adding a couple of thousand today
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