GM Wildbill. "Frontline, the world's biggest crude oil tanker fleet operator, has ridden a wave of success by converting some of its oil-carrying ships to other uses and selling other vessels for big profits."
FRO converted two of its VLCCs to FSOs (Floating Storage and Offloading) a couple of years ago before the previous sharp oil price spike. That means "Big Wulf" bought two big tankerloads of oil, chartered those two FSOs of Frontline, parked the ships to wait for better prices, and sold the oil at very good profit.
The analysts seem to have difficulties to keep up with JF's speed.
Dividend ex-day (Nov. 26) is approaching, it can be seen from the chart.
