Frontline Ltd (FRO)

[Another Casualty]

Loaded big here @ 9.10

[Tekkysurf]

...
The boom is expected to last for at least for six months.

“The moment people who are storing the oil, start selling the oil at the same time as countries lift restrictions, then all these ships that are currently storing oil, will flood the market and the rates will come crashing down the way it went up,” the industry executive said.
...

In a world full of gloom, tanker owners are the only ones smiling

[Another Casualty]

Loaded here. @10.98

[JohnCM]

Cool idea.

[fung_derf]

Sounds like you have the right idea. Of those you listed, VOPKY definitely looks the best.
Funny, but was just talking with a guy about us renting an oil tanker for a year, fixing it up to live in, and just sail around the world and sell off our oil as prices rise.
Considering we can get paid to take May sweet crude off their hands....

[JohnCM]

Top six vendors in the global oil and gas storage market

Magellan Midstream Partners MMP

Magellan Midstream Partners is a publicly traded company and provides services in oil pipelines, storage, and transportation. The company operates through the crude oil and condensate, refined products, and marine storage business segments.

Royal Vopak VOPKY

Royal Vopak is an oil and gas storage provider. Royal Vopak provides bulk storage and handling services for liquid products, including crude oil, petroleum products, chemicals, biofuels and vegetable oils, gas, and LNG at its terminals located across the globe.

TechnipFMC FTI

TechnipFMC operates through four segments: Oil and gas projects, technologies, systems, and services. It provides engineering, procurement, and construction, project management, commissioning expertise across the subsea, onshore/offshore, and surface segments of oil and gas industry.

WorleyParsons WYGPF

WorleyParsons provides engineering, procurements and construction, project delivery, and consulting services to its customers globally. It carries out its business through three business segments: infrastructure, hydrocarbons and minerals, and metals and chemicals.

[JohnCM]

Decent chart.

Why FRO instead of DHT?

[JohnCM]

[ClayTrader]

* * $FRO Video Chart 03-10-2020 * *

Link to Video - click here to watch the technical chart video

[fung_derf]

Right. I was trying to recall the old shipping companies I bought and sold long ago and this and NAT were on the list. What happened to Knights Holdings? I think it was VLKKF? NM was another, but it looks awful.

[Timetravelerdos]

Sounds like FRO will be a good one for 2020. Also NAT# Both pay dividends !

[fung_derf]

WOW! When did this happen? Profitable and great looking chart for a while. Should I????

[Timetravelerdos]

FRO is looking really good. Looks like people are liking the new 2020 International emissions and the Soleimani news!

[10thMountain]

Nope. Zacks rates it a strong buy. One analyst is calling for $18.

[fung_derf]

Wrong about reversal. Projected earnings look crazy good. Can it be? Although it did peak last 11/30 as well

[Wildbilly]

FRO up again in PM

it's favorite time of the day recently.

Rampers trying to nudge anticipation ahead of Q3 the 27th?

[10thMountain]

Lots of positive news surrounding shipping stocks....Zacks rates FRO a strong buy...One analyst is calling for $18.00 near term

https://www.zacks.com/commentary/619331/near-term-outlook-for-shipping-stocks-appears-enthralling

FRO

[fung_derf]

Totally forgot about this stock. Things are moving, but it looks to me like it drops back to support around $7.25 first.

[10thMountain]

Is anybody here watching this? Zacks rates this a strong buy. $18 price target near term according to some analysts

[ClayTrader]

* * $FRO Video Chart 11-29-18 * *

Link to Video - click here to watch the technical chart video

[benfrankledger]

The rise in crude oil prices is "a real sign that demand for oil is strong, we can have confidence in demand growing,” Macleod says. "We will be very well positioned when the market recovers."

[benfrankledger]

The company says more than 20% of the global fleet of very large crude carriers could be sent to scrap yards in coming years as their age and inefficient fuel consumption make them obsolete.

[benfrankledger]

CEO Robert Hvide Macleod says FRO expects the global market for crude oil tankers to remain weak until H2 2018, and believes the market for crude carriers remains too fragmented and needs consolidation.

[benfrankledger]

Frontline (FRO -1.9%) is lower after posting a larger than expected Q3 net loss as tanker rates hit four-hit lows during the quarter.

[HugeGains$]

[fung_derf]

DJ OPEC Oil Deal Sinks Tanker Industry -- Heard on the Street


12:07 PM Eastern Daylight Time May 30, 2017
By Spencer Jakab
Last week's agreement by major oil exporters might or might not hit its target, but it will almost certainly cause collateral damage to an already-reeling industry: oil tankers.

The companies that transport crude around the world's oceans are fairly agnostic about the price of crude and even the amount in currently brimming storage facilities around the world. But when producers such as Saudi Arabia, Kuwait and the United Arab Emirates curtail output, it hurts their bottom lines at what may be the worst possible time.

Consider that, of the 96 million barrels of crude that are consumed each day globally, only about a third ever gets on an oceangoing tanker. But Persian Gulf crude exports are nearly all moved that way.

A good way to quantify demand for tankers is ton mile demand -- multiplying nautical miles traveled by deadweight tonnage of vessels. In April, the ton mile demand from the Persian Gulf fell by nearly 11% compared with a year earlier, according to William Bennett, lead analyst for trade at VesselsValue. The world-wide drop was just 8%, mitigated by more demand for the very long journeys from West Africa and the U.S. Gulf to Asia to replace Arabian light crude varieties now in short supply.

The lag between ordering a ship and delivery means that many brand new vessels are coming onto the market when they aren't needed. When the oil market was booming from 2013 to 2015, just 109 of the two biggest sizes of tankers were delivered. Tanker company Frontline Ltd. estimates that the number will swell to 274 between 2016 and 2018.

The upshot is that rates are under pressure, squeezing owners such as Frontline, Euronav, DHT Holdings, Teekay Tankers and Gener8. The greatest pressure on their cash flows should be felt during this year's second and third quarters.

"We do expect rates to be pretty challenging," said Christian Waldegrave, research manager at Teekay Corp. in a video presentation about industry conditions.

Frontline reported first-quarter earnings Tuesday that were down by two-thirds from a year earlier. Second-quarter earnings estimates for every major U.S.-listed oil shipper are down sharply, according to FactSet.

The industry is banking on a turnaround in 2019 as new orders fall and older ships get scrapped. But desperate ship builders and opportunistic buyers have seen some new orders recently. It really is true: Hope floats.

[fung_derf]

DJ Frontline Ends DHT Quest, Sets Eyes On Others -- Market Talk


2:21 PM Eastern Daylight Time May 30, 2017
14:21 ET - Norwegian shipping magnate John Fredriksen says he will likely drop has campaign to buy tanker rival DHT Holdings (DHT) and is looking at another company that operates at least 20 very large crude carriers. "It will be very difficult [to buy DHT]. We are looking at another acquisition," Fredriksen tells WSJ in Oslo. Frontline (FRO), owned by Fredriksen, made an improved $765M offer earlier this month for DHT, but it was turned down and DHT moved instead to buy 11 tankers from BW Group. The move diluted Frontline's 16.4% share in DHT to below 10% which Fredriksen said he will likely sell. ([e-mail])

[shotgun]

great quarter and nice dividend..FRO is a buy..the market is insane.

[SmartMoney247]

What's next for JF?

[SmartMoney247]

Here it comes $300M shelf filing

[SmartMoney247]

They are buyers

[Wildbilly]

DHT rejects takeover bid by Frontline

http://seekingalpha.com/news/3240641-dht-rejects-takeover-bid-frontline

[JTrader]

Or just trade the channel. Some people think swimming across the Pacific Ocean isn't hard enough. They need to carry a cinder block as well.

[SmartMoney247]

SFL and FRO are owned by the same holding company...

[Yozila]

You in a some kind of rush?

"If you're not prepared to own it for 5 years you shouldn't own it for 5 minutes"

–Warren Buffett

[ShotMaker]

This has been in a very narrow trading range. Will this ever break out? Will Management cut the dividend Again?? Thoughts.

[Yozila]

So in essence they shorted their own stock to keep the company from collapsing under the weight of debt...

[Yozila]

Agreed! Short this pump & dump then go long Ship Finance $SFL, when $FRO goes FROQ Ship Finance owns all the bonds :)

[Flash7]

FRO - New div cut coming. Average analyst estimate only 9 cents /share revenue this qtr. No way they can pay 20 cent div. will have to cut div at least in half. Price likely to drop below $6, maybe even down to $5 once it is announced. Good luck.

[Yozila]

This company is done! Up to its a$$ in debt & rising oil price mean it'll unlikely see out 2016!

Done!!! File for Bankruptcy Fredriksen you fat chump!!! Frontline is finished... All hail the new King Maersk!

Hanjin Shipping bankruptcy causes turmoil in global sea freight - the guardian
https://apple.news/APhmQhw0OQNOVmrrjeBvarQ

[Blackfuture]

FRO is the same problem with below company.




The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves.

The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting new cargo. With its assets being frozen, ships from China to Canada found themselves refused permission to offload or take aboard containers because there were no guarantees that tugboat pilots or stevedores would be paid.

[Blackfuture]

I still have 500k want to out!

[MikeBK205]

Not until I get the divie first

[Blackfuture]

Ok! Place your order!

[MikeBK205]

Thanks ... Selling me 25 thousands shares

[Blackfuture]

File chapter 11 conning soon!

[MikeBK205]

Wtf? Allah damnit >:(

[AFvet86]

Looks like they cut it in half. From their report--Announces a cash dividend of $0.20 per share for the second quarter of 2016.

[ShotMaker]

Did they cut the divy?

[ShotMaker]

I have researched FRO from several different sources. It is true that different analyst rate it differently, I haven't seen anyone with a Strong Sell recommendation. Zack's doesn't always get it right! If the upcoming dividend is equal to or greater than the previous quarter,...I suspect the price of the stock will do well.

The 52 week high is around 17,...so there is plenty of room to get some of the price back in my opinion. Unless there is some devastating business news that we are unaware of at this point, I am going to stay with it.

To each his own...good luck.