13958

Tanker Stocks: Frontline Slashes Dividend

I am also an SFL & VLCCF holder......however, we need to take into consideration that there are other countries around the world that still need supplies shipped-in, and while tanker rates will definitely be lower for the coming 2009 period, I believe that once the world turns around, tanker etc,. rates will start their upward movement.

when, well I dont know, but end-2009/early 2010 would be my "guess". In the meantime I will hold share and enjoy the "sadly-lower" dividend period!