Just a little bit lower for me to buy. I'm already in, because this is a once in a lifetime tanker opportunity. Bullish on all tanker stock!
Company continues to benefit from the oversupply of oil , rather than shippers the are now storage facilities Frontline 2012 Ltd. is a commodity shipping company, which engages in the ownership and operation of tankers. It serves crude oil, petroleum product, drybulk, and liquefied petroleum gas markets. The company was founded on December 12, 2011 and is...
Oil traders buy oil spot and sell it forward to take advantage of unsually large contango on the futures curve. 6 month forward on brent and wti sells at a premium exceeding 10$ a barrel. Shortage of land storage pushes oil traders to store oil on water using ships. There are only about 800 VLCS (Very Large Container Ships) and the daily rental price has...
I've just learned that oil tanker booking fees are near record highs as oil producers scramble to ship their excess product to available storage locations, which are filling up fast. This suggests that the share price reduction in tanker companies like Frontline may be unwarranted, and they may be able to sustain their dividends in a market in which many dividends...
Im long out 2020/2021, expecting rates for VLCC, Suezmax and aframax to continue to be way above previously forcasted levels. Expecting raping growth while the marked stabilze and we got really high dividends with close to 20% yield at these prices...
Looking for a new buy position. In Marts 2018 Frontline hit an all time low and after that a new uptrend have started. Atm its on its way down after a 101 % gain in the last 4 month ( Sep okt nov dec ) the normal drop with Frontline since the uptrend , is 70-110 % gain following a drop of 25-40 % and as of today it have dropped +/- 27 % so im thinking it...
I was wondering if anyone care to share an opinion on forecasting this one (Frontline, NOR, tankers) based on the basic info I have highlighted in the chart? I am very much in rookie territory, trying to learn from entering other and more experienced POVs. Any feedback much appreciated. Thanks!
Buy FRO when the Stochastic Closes > 20. NYSE:FRO
New 52 week High. Only Paper trading this to test theory.
Entry level $9.25 Price target $11.50 20% potential gains. Stop loss $9.25 Average analysts price target $10.70 Average analysts recommendation BUY Short interest 4.57% P/E ratio 23.25 Company profile Frontline 2012 Ltd. is a commodity shipping company, which engages in the ownership and operation of tankers. It serves crude oil,...
Shipping of crude oil during trade uncertainty increases because supply routes increase therefore rent times increase. Rail data continues to weaken without a meaningful reaction from stock prices.
Hello , This is my first time doing a technical analysis like this so please , any constructive criticism or feedback would be great. after a less than savory earnings report I think that Fro could be heading for a trend reversal over the next few day's / weeks . though I am unsure where i should start my short position I am fairly certain that this isnt just...
Once FRO holds above 23.6% fib retracement and confirms uptrend I plan to enter and exit around 9.13 with a 3% stop loss.
NYSE:FRO NYSE:FRO As you can see on the above chart have a bullish Divergence on the 4-Hour chart is a very strong bully signal I will not be taking a sizeable position due to the extreme amount of volatility in the current stock market I feel this will offer a decent hedge against some of my other.
Phenomenal risk/reward at these levels. Has finally completed an ending diagonal. Commonly in ending diagonals the price overshoots the trendline causing a throw-over due to excessive bearishness or bullishness. Also at long-term support of $5.90. While the price could potentially fall as low as $5.56, which is its lowest level since the stock has publicly traded...
FRO cycles fairly reliably on monthly and quarterly intervals. Has been on a slow consolidation since 10/2016 and oscillated on monthly intervals since then forming a bullish flag. About to go up for a small profit with fairly low risk. Currently sitting on a support line. Expect a gap open on earnings and dividend news in mid Feb. Also a possibility of a...