caygee

Are Frontline and Overseas Shipping Worth Another Look?

The shipping stocks are indeed looking cheap , but I am scared that we are now in a clear secular bear market and valuations may get very cheap, and FRO is highly leveraged . I prefer a company with no or low debt and hedge it by another 30 % assuming market will fall not more than this in next 6 months . One can get 15% p.a return on Conoco - ticker :COP by using this strategy