Frontline May Have Calmer Seas Ahead Of It

Jack Bowman
Investing Group
(9min)

Summary

  • Frontline remains a volatile but attractive long-term play, especially for investors able to stomach wild price swings and inconsistent dividends.
  • Recent geopolitical improvements, especially the Iran-Israel ceasefire, should reduce shipping risks and costs, benefiting Frontline’s operations and margins going forward.
  • Despite a recent dividend cut and oil price risks, Frontline’s high yield and potential for increased oil transport support a bullish long-term outlook.
  • I maintain a bullish stance: patient investors can be rewarded as stability returns to global maritime trade and FRO’s fundamentals improve.
  • Risks remain high around the price of oil, however, with both OPEC and the US upping production.
  • Looking for a helping hand in the market? Members of Sungarden Investors Club get exclusive ideas and guidance to navigate any climate. Learn More »

High aerial top view of a crude oil tanker traveling with speed

SHansche

Introduction

I first started covering the world's fourth-largest oil tanker fleet operator, Frontline plc (NYSE:FRO) back in November last year, believing I was catching it at a time of major weakness. I argued that even if the share

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This article was written by

Jack Bowman
5.48K Followers

Writer, registered investment advisor, former economics teacher, with many other hats that I wear.

Learn something new every day.

I am a contributing analyst for the Sungarden Investors Club where I teach investors how to make better portfolio decisions, focusing on risk management, and total return investing. Regularly, I contribute as a co-author with Sungarden Investment Publishing AKA Rob Isbitts, the club's founder.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of FRO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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