Frontline Ltd (FRO)

Currency in NOK
375.80
+6.50(+1.76%)
Closed·

FRO Comments

why did it go down suddenly? D:
1. The "False Mirage" of Peace (Katerina - Geopolitics): "Trader, remember the cables from March 10th to 15th. There was an attempt at mediation by Oman and China. The market briefly believed that Iran would back down and that the Strait of Hormuz would not be closed. Speculative capital, which had bought Frontline expecting chaos, panicked and sold off massively. It was a capitulation to fear." 2. The Fuel Cost Shock (Silverio - Commodities): "This is the factor that novices ignore. Frontline's ships run on bunker fuel (a petroleum derivative). With crude oil soaring to $115, the cost of moving those tankers doubled in a week. If freight rates don't rise as quickly as the cost of fuel, profit margins squeeze. The market punished FRO for its increased operating expenses." 3. Profit-Taking in the Attic (Zero - The Quant): "Look at the chart: On March 10, FRO hit $40, an extreme psychological resistance level. Many investors had automatic sell orders there. It was a technical sell-off. A 25% pullback (from $40 to $30) is the standard adjustment after a parabolic rise."
This is going to 300 NOK, or 30$. In a couple of months😀
It did :)
been a very painful year
yep
The stock market has lost all logic, any junk company that generates losses increases in price while companies that work fall to bankruptcy values.
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Omg
prPrices are low because of pirate junk tankers that transport Russian oil to Europe and third countries, endangering the continent's seas. An ecological tragedy could happen at any moment.
I own 4300 shares of this and growing. This is going to stay in my retirement portfolio
Why do you keep going down?
wait, have patience
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it looking like a cup pattern
I want to buy a 15,9$ but I'm afraid I missed the train :/
Bought today.
and I'm going to buy more today.
why did this take a massive turd today?
external fear about global economy, nothing directly from the company.
is it time to sell ?
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rates at 100 k at low season
what?
No dividends ... then no need for this ... dumped like the trash it is.
Yup, there are a bunch of good companies with good dividends, no need for this company.
9.8 today
When coming Dividend in 2021? How know?
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Q1 earnings today (May 27). EPS ? +0.15 (forecast was -0.9) ; forecast beaten. Revenue ? 194M (forecast was 103.57M) ; forecast beaten. Stock performance today ? -2.94%. Logical...
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need this below $6 to buy again
They are on the Green side and things are only getting better as shipping rates increase. It should be more interesting when dividends comes back though.
why the big jump this week?
The six VLCCs are currently under construction at the Hyundai Heavy Industries (“HHI”) shipyard in South Korea and are being acquired for an aggregate purchase price of $565.8 million, including an estimated $25.7 million in additions and upgrades to the standard specifications. The vessels are designed to operate on different fuels, including Biofuel, have the potential to be converted or retrofitted to consume fuel The six VLCCs are currently under construction at the Hyundai Heavy Industries (“HHI”) shipyard in South Korea and are being acquired for an aggregate purchase price of $565.8 million, including an estimated $25.7 million in additions and upgrades to the standard specifications. The vessels are designed to operate on different fuels, including Biofuel, have the potential to be converted or retrofitted to consume fuel like LNG or Ammonia and consequently there is an ability to cut CO2 emissions to zero when technology, logistics and the regulatory framework allows for it. "
Sorry about the copy paste mess
almost triple profits in 2020 compared to 2019, 22% yield dividend... why is this stock dropping in price? Any ideeas?
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time to buy!!!!!!!!!!!
The Financials of this company are amazing.
new 52 high of $54 come March
lol this didn't age well.
Uptrend is forming nicely, next target $8
Target achieved!
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Nice rebound!
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