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Frontline Ltd. (FRO)

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8,86-0,27 (-2,96%)
Alla chiusura: 04:00PM EDT
9,00 +0,14 (+1,58%)
Dopo ore: 05:13PM EDT
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  • G
    GM
    $NAT conversation
    Tanker stocks at crossroads: Will looming unwind of floating storage sink equities or will 2021 rate hopes + ‘Fed backstop/COVID is over’ (ir?)rational exuberance on Wall Street save the day? See FreightWaves story for latest data on storage, rates, OPEC compliance, etc: $NAT $EURN $FRO $INSW $STNG $DHT $TNK https://www.freightwaves.com/tanker-stocks-eke-out-more-gains
    Banner day on Wall Street buoys tanker names as pressure builds.
    Banner day on Wall Street buoys tanker names as pressure builds.
    www.freightwaves.com
  • D
    Dino
    $FRO conversation
    $FRO blew past NAV calculation of 7.19 (which took into account the shares that may or may not have been added to the market and removes goodwill and estimates a modest EPS gain for Q2 2020). This is now formally undervalued under any metric I've seen. Short position is closed.

    The price is just following the price of oil, which is also going down, but, for what it's worth, there is strong buying support on the order books at 7.00 and it's struggled to find sellers at 7.03 (with as of this post only 300 shares being traded at that point compared to 63K at 7.04). A decent entry point would be anything below 7.05 if you can get it, but I don't expect it to last long in that range once the market starts to catch up.
  • G
    GM
    $DHT conversation
    Crude/product tanker owners reporting enormous quarterly profits this week. Simultaneously, investors are dumping tanker stocks. See new FW story for details on what’s going on + latest analyst commentary: $DHT $EURN $INSW $FRO $NAT $STNG $ASC $TNP $NNA https://www.freightwaves.com/news/investors-dump-tanker-stocks-just-as-tanker-profits-soar
    Public tanker owners post impressive earnings on an ugly day for tanker stocks.
    Public tanker owners post impressive earnings on an ugly day for tanker stocks.
    www.freightwaves.com
  • L
    Louise
    $NAT conversation
    you know what one of the common factors is for Tanker companies? Blackrock.....Blackrock is an institutional investor, with shares in $NAT, $FRO, $DHT......I would assume these guys want to make money in the end. So patience is key here....
  • P
    Piotr
    $SHIP conversation
    Short interest update:
    Ticker ShortVolume TotalVolumeInMillions ShortVolumeRatio
    $SHIP 7067092 17.27 40.91
    $EGLE 39194 0.22 17.51
    $DSX 79084 0.91 8.73
    $SBLK 118256 1.55 7.60
    $GNK 99765 0.71 13.96
    $GOGL 140950 0.77 18.20

    $FRO 121574 0.68 17.92
    $TOPS 323370 1.03 31.47

    SHIP short volume of 7067092 is seriously overcrowded. It increased by 4324963 shares yesterday. Most of these new short positions are losing money as they must have opened at around $1.17. Once the price gets closer to $1.30 (what is very likely today) shorts will panic cover pushing the price even higher. This is the feedback loop the longs need. It will happen like this for a number of days and this is what will take us to $2.25 region where there might be a little of consolidation and after that towards the date of Q2 results we might see the price to go parabolic to $3.40. Q2 results and the guidance the company will be the catalyst for the capitulation of shorts and we may see an epic short squeeze. In many cases shipping companies use those short squeezes to rise more capital and dilute. If you listen carefully the Q1 earnings call the CEO said there will be no dilution until at least Q4. If they dilute before the CEO will be in the violation of the Securities Act and I don’t think he would do it. There are plenty of law firms specializing in securities laws that would immediately jump on the idea of making money on such an easy case.

    This is a very good time for us fellow shipping magnates. This in no advice. I am just a trader and shared with you my view on SHIP. If you click on my name you will see I am trading SHIP long only since when it was $0.80 last year. I invested in SHIP because I saw they have the business model that benefits a lot from current high shipping rates and they added 45% more vessels since Q1, while at the same time reduced their debt. They must be making a lot of money now and there is a great probability the company will pay dividend out of 2021 profits. This is a true turnaround story. The expenses the company are in line with the industry standards so there is no way the management is circumventing any money (what shorts falsly claim). Actually the expenses in relation to revenue are smaller than $DSX which is at least twice as big as SHIP (in terms of revenue and DWT)

    One more thing. I came across an information that stock bashers here are paid $7 each time you engage with them. The more you engage with them the more they are motivated to post lies and non sense. Longs should post just facts. Facts are very good.
  • B
    Brian
    $EURN conversation
    $EURN earning tomorrow. Own most vessels and undervalued oil tanker company. It will bring more positive sign for oil tanker industry. Stay strong $EURN $DHT $INSW $FRO $NAT $STNG $ASC $TNP $NNA
  • W
    Will Hunting
    $NAT conversation
    $FRO $DHT $EURN Just curious what everyone thinks in terms of whether this rally will continue throughout the week? I am holding some call options in addition to common shares. Due to time erosion on my calls, I don’t like to play the seesaw game which is typical with these share prices. However, I don’t want to miss another day like today. Thoughts? Up big again tomorrow? How about for the week?
  • A
    Andrew
    $NAT conversation
    Relevant for the whole industry

    "Nikolas Tsakos expects tanker recovery for second half of 2020

    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter"

    https://www.tradewindsnews.com/tankers/nikolas-tsakos-expects-tanker-recovery-for-second-half-of-2020/2-1-844289

    $NAT $DHT $TNK $TK $EURN $FRO $STNG
    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
    www.tradewindsnews.com
  • L
    Louise
    $NAT conversation
    Tanker stocks are finally up, yes!, but for newbie investors: this is an E class stock, means: volatility to the max! and that is without corona crisis, so the crisis is fueling this even more. If you cannot handle swings 10% up or down in 1 day, this stock is not for you. Dont blame others if it goes down. It will at some point and if this is without any appearant reason, just check the forum real fast, maybe people here can tell you more. We bulls support each other! do not believe people that are yelling: Sell Sell Sell, this indicates their alternate motives: shorting the stock. Lets all make some money on this, as on paper this should be the biggest blow out ever, but in reality: Easy money does not exist! never ever, so it will be a bumpy ride!
    Just some friendly advise to all.....hope its appreciated

    It was a hell of a ride yesterday!

    $EUR $FRO $DHT $NAT $FLOW $VIRTU $MEDTRO $DUNDEE
  • D
    Dave
    $EURN conversation
    Rates still moving in the right direction today. Yet tankers are trading alongside of crude once again.

    VLCC +16% to $17k/d

    $dht $eurn $fro
  • A
    A
    $TNP conversation
    Ticker Earnings Date (all the stocks that have earning dates this week are up!)
    $DHT 5/5/20
    $STNG 5/6/20
    $INSW 5/7/20
    $EURN 5/7/20
    $DSSI 5/8/20
    $FRO 5/14/20
    $NAT 5/22/20
    $TNK 5/22/20
    $TNP 6/4/20 or 5/22/20?
  • G
    GM
    $NAT conversation
    Tanker rates surprisingly resilient. One reason: negative vessel supply effect of drawdown of intentional floating storage is (so far) largely being offset by new unintentional floating storage due to escalating China congestion. See new FreightWaves story including data from VesselsValue and Kpler: $NAT $DHT $EURN $FRO $TOPS $STNG $ASC $INSW $TNK $TNP https://www.freightwaves.com/news/china-congestion-and-stubborn-storage-buoy-tanker-rates
    Most floating storage has yet to be unloaded while delays in China are mounting.
    Most floating storage has yet to be unloaded while delays in China are mounting.
    www.freightwaves.com
  • e
    elias
    $FRO conversation
    $FRO $NAT $DHT $EURN

    After this rollercoaster, I admit, I dont know how this sector works, I dont understand shipping and I dont know where the market is heading and I dont know why I bought tanker stocks - Im completely lost.

    * What happes, lets imagine that it does happen, US goes into full blown lockdown, nothing compared to previous one. What happens with tankers?

    * What actually drives tanker rates? Is it only about demand/supply and bidding on the cargo "auctions"?

    * What happens if OPEC increases production but demand does not pick up? Is this going to increase rates as oversupply occures?

    I at least admit I have made a trading decision on emotions and now suffering. I can keep tanker stocks for year or two, currently down ca 15%
  • D
    DonTanker
    Scorpio Tankers Inc.
    Tankers continue to be volatile and irrational. $stng produce fantastic earnings which is, take a step back, outstanding in a market which is about to enter a supercycle. stock is worth twice the current price without any doubt and from my pov a lot more. instead cranky holders complain about debt being paid instead of divvys, but hey, who cares, it produces value, and a lot of it.

    prognosis forward look outstanding mid and long term except for a weak q3 (not disaster, just weak).

    sure one can argue $fro or $eurn is bettet, yet its a question of awesome or great (I hold all 3).

    Im long in tankers and dont care 1week or 5 weeks, im fine with this, what I know is 1y out I will have twice my money, in rate, divvys or both
  • A
    A
    $FRO conversation
    $FRO coming next week! What a beautiful green day, finally! The true investors who saw *red* the past week &more), I stand with you!

    Forgive me if my values are not 100% correct, the point is ALL POSITIVE GREEN.

    Ticker Date Q1 EPS Dividends
    $ASC 5/5/20 0.20 EPS 0.00
    $DHT 5/5/20 0.44 EPS 0.00
    $STNG 5/6/20 0.82 EPS 0.10
    $NNA 5/6/20 0.94 EPS 0.30
    $INSW 5/7/20 1.12 EPS 0.00
    $EURN 5/7/20 1.05 EPS 1.10
    $DSSI 5/8/20
    $FRO 5/14/20
    $NAT 5/18/20 0.14
    $TNK 5/22/20
    $TNP 6/4/20
  • P
    Piotr
    $SHIP conversation
    Good morning fellow shipping magnates. Another good day for dry bulkers. Capesize index +9% to $33k a day. Brazil China route +9% to $33k a day. July FFA +5% to $43k a day
    August FFA +3% to $43k a day.

    $SHIP is the only USA listed pure Capesize play. Now SHIP owns 16 vessels up by 5 from Q1.

    Quick check what is the short volume ratio
    $SHIP 20.34
    $EGLE 13.04
    $DSX 13.33
    $SBLK 10.23
    $GNK 8.05
    $GOGL 6.40

    SHIP has the highest short volume and the higher the volume the more likely for the price to move violently up due to short sellers scrambling to cover their losing positions once the price goes higher (feedback loop).... and since we are seeing very strong shipping rates the stocks are well positioned to go higher. Also there is more and more interest in shipping. Recently M. Burry (Big Short 2008), George Soros and others invested in shipping.

    Feel free to share, copy paste on other channels.

    Dry bulk is the place to be.

    $BDRY
    $SB
    $NMM
    $EGLE
    $DAC
    $CMRE
    $ESEA
    $GOGL
    $DSX
    $SBLK
    $NAT
    $ZIM
    $STNG
    $FRO
    $GSL
    $EURN
    $GNK
    $DHT
    $TK
    $TNK
    $ASC
    $CTRM
  • E
    Edgar
    $DHT conversation
    Cred: @JHannisdahl (twitter)
    Most significant #oil #tanker #shipping spot movements:

    #VLCC +120% to $1k/d
    #Suezmax +38% to $17k/d
    #LR2 +32% to $21k/d

    Suez blockage positive for Suez & Afras (LR2s) in Med, & potentially Vs for AG/Eur via Cape

    #OOTT $ADSC $DHT $EURN $FRO $HAFNIA $HUNT $INSW $NAT $OET $TNK
  • W
    Will Hunting
    $NAT conversation
    Limited storage will push oil negative as investors scramble for storage. Large amounts of retail investors have created a disconnect between the price and NAV.
    Limited storage will push oil negative as investors scramble for storage. Large amounts of retail investors have created a disconnect between the price and NAV.
    www.google.com
  • a
    ayo
    $STNG conversation
    Great entry point almost 50 cents lower than what the holdings company bought back 100k shares at. Let the super cycle begin. Let's hope $STNG is the $FRO of 2003-2008, and we're holding a 50 bagger. This is a multi year play not a get rich quick next month play.
  • G
    GM
    $NAT conversation
    Analysts/shipping execs comment on retail investor surge. One analyst’s theory: $NAT outperformed $DHT $EURN $FRO because institutional funds don’t like NAT but do buy VLCC owners and when rates spiked and retail jumped in, institutions sold/took profits on VLCC names but weren’t there to dampen NAT. See new FreightWaves coverage here: $INSW $DSSI $TNK $STNG https://www.freightwaves.com/news/robinhood-effect-spread-unevenly-across-tanker-stocks
    Institutional sellers offset retail buyers of supertanker stocks.
    Institutional sellers offset retail buyers of supertanker stocks.
    www.freightwaves.com