||EPS - Basic
||Market Cap (m)
|Oil Equipment Services & Distribution
|pat o hat: Get your oil tanker charter market reports here.
FRO, OMM, NAT, TK New York 1 year charts, with company links
Frontline is a fleet of oil tankers built up by Norwegian shipping magnate John Fredriksen.
(Get more shipping trivia here. No, I didn't know there was any either http://www.maritimewired.com/seperated.html )
Ahem. Frontline operates about 60 VLCCs and Suezmaxes. Nearly all new built since 1991.
The consensus earnings for 2001 were 4.4 dollars per share and the share price tonight is 12.3 dollars. Earnings fell steadily through the 4 quarters.
Charter rates depend crucially on the amount of oil that is being shipped. VLCC rates have swung between $20,000 and $90,000 a day, latterly downwards. FRO was a 6 or 7 bagger a couple of years ago for this kind of reason.
Update 10th March: The US seems to be telling Gulf producers it wants the crude oil price held between $18 and $25 a barrel. I think this could be good news for FRO if it means they have to pump more. Check the OIL thread for crude prices.
New York 1 day
Oslo 5 day|
|pat o hat: Edit: I have been thinking of waiting for a technical Buy signal before investing in this share.
Would a Golden Cross of the 20 and 150 day SMA's be suitable?
The share could be a lot higher by then of course.
On the other hand, the share price has just crossed the 150 day SMA so maybe that is a good enough signal.
NB London prices, no volume data because no volume|
Frontline share price data is direct from the London Stock Exchange