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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Frontline | FRO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 175.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 175.00 | 175.00 |
| Top Posts |
|---|
Posted at 15/3/2003 15:58 by captain swing Hello my nonexistent followers. As (apparently) the only tanker investor between Bergen and Cape Cod, I thought I would you give a quick update.Out of OMM at $5.03 and FRO at $11.94, both sold 17.1.03 I'm guessing OMM and TK are in ABC corrections and C is about to start. The charter rates are fine, even firming again, but I don't think these stocks can withstand mayhem in the major indices. Any silly story could knock them down in the war hysteria atmosphere e.g. OPEC oil embargo. So, studying for a re-entry point. FRO is a bit stronger but has not passed the Jan high. If it does I may reconsider. |
Posted at 09/1/2003 17:19 by captain swing Am I the only tanker investor in the country? OMM is popping today, $4.55 last I looked. It was kicked up by one 700k trade amid otherwise rather thin volume since New Year. FRO and TK have also been very strong. |
Posted at 23/9/2002 18:16 by captain swing Don't say you only get the good news here.[extracts] Oslo, Sept. 23 (Bloomberg) -- Frontline Ltd. shares slid 11 percent to a three-year low on concern the world's biggest operator of supertankers may face a cash shortage as lackluster demand for crude oil transport hurts freight rates. ......... ``Frontline needs to find some kind of solution with its banks, and probably will,'' said Arne Egil Roenning, who recommends clients reduce their holdings in the stock. ``They don't generate enough cash to pay back their loans.'' ......... The company's loan agreements stipulate the company must have a certain amount of cash at all times. In December the company sold three ships, raising $125 million in cash to ease investor concern about the company's financial strength. ......... Tanker tariffs measured by Worldscale points, an industry standard, fell as low as WS 28 this April on the output cuts. The rate now stands at WS 40 for 250,000 tons of crude shipped from the Middle East to Japan. It has averaged WS 36 this quarter, compared to WS 38 in the second quarter, Bloomberg data shows. |
Posted at 15/5/2002 21:55 by pat o hat Frontline closed at $12.03 tonight in New York, breaking $12 which is its resistance level for US investors (according to some guys on Yahoo anyway).This is not quite as good as it might seem because of the fall in the $. However, earlier in Oslo (where the main volume is), according to Bloomberg "Frontline Ltd (FRO NO) rose 5 kroner, or 5.3 percent, to 99, climbing a third day. The world's biggest owner of oil supertankers is benefiting as freight rates have risen this week on increased demand for transportation services" These are words not heard for a year or more... breakout potential here I wd. suggest. PS Q1 results expected imminently. The actual figures will be dreadful going on tanker reports. PPS Hmmmmm... the 200 day ema is still falling on the Oslo chart. Caution maybe needed, a break now could be abortive. |
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