Frontline Share Discussion Threads

[pat o hat] 03/3/2002 11:08

Frontline intraday from Oslo

[pat o hat] 03/3/2002 00:06

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

[pat o hat] 01/3/2002 20:03

I seriously feel this thing is moving. Check the charts near the top of the thread.

[pat o hat] 28/2/2002 21:01

It looks like you have to watch the OPEC crude oil production.

25 million barrels per day, VLCC charter rates 20k$ per day = Frontline misery
30 million barrels per day, VLCC charter rates 90k$ per day = Frontline bonanza

Currently at the bottom end and not expected to start rising until mid 2002. Still, who knows?

[frome] 28/2/2002 19:51

If the EBITDA chart continues in its current path, will be negative quarter after next. Wonder why these were not better marketed when they had that tremendous growth period last year? Good two years though.

[frome] 28/2/2002 19:16

Anyone have a set of the full audited accounts?

[pat o hat] 28/2/2002 18:51

Frontline is on the move! Up 10% in New York

Edit: I have left this chart in to show the daily price action.

Up 10% 28th Feb
Up 6% 1st Mar



Can be ISA'd - no spare cash in mine worse luck

[pat o hat] 13/2/2002 12:32

They are traded on the New York Stock Exchange.



PE of 1.6! Would certainly seem to merit further investigation but presumably there is a reason.

[squareroo] 13/2/2002 12:13

i once bought these at under 2 quid a couple of years ago and still managed to lose money of course as soon as i sold they went ballistic

[pat o hat] 13/2/2002 01:12

It runs a fleet of oil tankers. Suffering from wild cyclicality of freight rates, but still cash positive. PE of course is historical. Generally linked to oil demand, would benefit from production increases by the OPEC countries. Makes a point of increasing oil shipments from FSU. Company website is at

[trader horne] 05/1/2002 00:27

A perfectly respectable - but it seems totally ignored - comany wiht $3bn in assets, good fundamentals, ridiculously low P/E of 1.5. The price moves up and down, but there has not been one single trade since February!!!????!!!! Weird or what?