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xanadu90

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xanadu90

Re: Wildbill729 post# 266

Thursday, 11/15/2007 11:41:33 AM

Thursday, November 15, 2007 11:41:33 AM

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I think you did the right thing. Carnegie in Oslo was very positive and already informed that they are going to upgrade the earnings of 2008 and 2009. They also estimated that FRO will sell one of its subsidiaries - Independent Tankers Corporation (ITC), which owns 6 VLCC (4 of them in long term T/C to BP) and 3 Suezmaxer - and distribute the money to FRO shareholders - OR list ITC on bourse, and distribute the shares to FRO shareholders. That way I have got a lot of GDOCF's and SFL's shares :)

FRO is climbing in Oslo NOK 213.00 = USD 40.10 after morning's dive.
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