2011 will be another tough year for the tanker market due to continued oversupply, Fondsfinans...

|By:, SA News Editor

2011 will be another tough year for the tanker market due to continued oversupply, Fondsfinans says, lowering its full-year EPS view for Frontline (FRO -1.3%) to breakeven from $1.00, and saying current pricing is overly optimistic. Firm notes FRO's breakeven threshold is worse than peers due to its dependence on leverage.