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Lee 99 » Comments » FRO

  • Super Tankers and Super Volatile Oil Prices [View article]
    Good article, somewhat substantiated by Eugene Bukoveczky's 'contango' article published today by investopedia, but with better math.
    The tanker industry is, can be and has been quite perplexing over the last decade. The best predictor, for some obscure reason, on stock price is the price of crude. That doesn't look good for FRO, but their management is very creative in times like this. I would not short at these levels.
    It would be interesting to know what rates the tankers were getting for storage. Has to be less than transport w/ no bunkers or crews to pay for.
    Jan 09 20:08 pm |Rating: 0 0 |Link to Comment
  • Frontline's Earnings Do Not Paint a Clear Picture [View article]
    Single hull oil tankers are to be phased out end of 2010. That will aleviate the capacity issue, hopefully.
    New Build cancellations will also play in here to support viable rates.
    Dec 01 12:51 pm |Rating: 0 0 |Link to Comment
  • Tanker Stocks: Frontline Slashes Dividend [View article]
    .5$ is still over seven percent.
    Mr Fredrickson knows cash is king. We'll be better off for it later.
    SFL increased their div by 2c. Now over 20%.
    SDRLF not paying for a while.
    GDOCF ??
    Nov 28 10:24 am |Rating: 0 0 |Link to Comment
  • Don't Let Bulk Shippers Sink Your Portfolio... For Now [View article]
    FRO is a tanker company, not a bulker. GDOCF is their bulk shipping arm.
    Nov 10 07:50 am |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    re FRO earnings: company reported $4.25, highest qty ever. Where does your $2.18 originate?
    Aug 21 09:52 am |Rating: 0 0 |Link to Comment
  • Shipping Stocks: I'd Wait To Buy Frontline and Overseas [View article]
    if more corps were ran like JF's the dow would be at 25000. The typical weenie ceo gets a big boost even if the stock tanks. Hardly a good business model, IMO.
    FRO will hitting 40 may not be that good a bet as it has a lot of visibility these days as opposed to 4 yrs ago.
    I've been long FRO for about 5 yrs and have been amply rewarded. other JF cos like Seadrill, golden ocean and ship finanace are also based on the high div model and have been behaving similarly.
    the PE was low for quite some time, but the stock was paying out high teen bucks per year w/ the spinoffs. Analysts were really down on it, like the Citi guy. I don't think he ever got it right. Still hasn't.
    JF is looking to do a 5:1 split some time in the future increasing shares held by co from 125 mil to 625. Not sure what the motive is, but it should be interesting. Currently 74 mil in circulation w/ JF owning 34 mil or so.
    Time to stop rambling. They say don't fall in love with a stock, but this one is hard not to.
    Aug 14 20:50 pm |Rating: 0 0 |Link to Comment
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