ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.
Frontline Plc

Frontline Plc (FRO)

23.255
-0.025
( -0.11% )
Updated: 11:24:47

Unlock more advanced trading tools

Join ADVFN today

Key stats and details

Current Price
23.255
Bid
-
Ask
-
Volume
393,765
23.23 Day's Range 23.485
13.35 52 Week Range 24.535
Market Cap
Previous Close
23.28
Open
23.27
Last Trade
3
@
23.26
Last Trade Time
11:24:47
Financial Volume
$ 9,183,368
VWAP
23.322
Average Volume (3m)
2,347,115
Shares Outstanding
222,620,000
Dividend Yield
9.33%
PE Ratio
7.89
Earnings Per Share (EPS)
2.95
Revenue
1.83B
Net Profit
656.41M

About Frontline Plc

Frontline Ltd is a shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North ... Frontline Ltd is a shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels. Show more

Sector
Arrange Trans-freight, Cargo
Industry
Freight Forwarders
Headquarters
Limassol, Limassol, Cyp
Founded
1996
Frontline Plc is listed in the Arrange Trans-freight, Cargo sector of the New York Stock Exchange with ticker FRO. The last closing price for Frontline was $23.28. Over the last year, Frontline shares have traded in a share price range of $ 13.35 to $ 24.535.

Frontline currently has 222,620,000 shares outstanding. The market capitalization of Frontline is $5.18 billion. Frontline has a price to earnings ratio (PE ratio) of 7.89.

FRO Latest News

REMINDER - Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City

Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly...

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE...

FRO – Q4 2023 Presentation

Please find enclosed the presentation of Frontline plc´s fourth quarter 2023 results to be held on the webcast / conference call 29 February, 2024 at 15:00 CET. This information is subject to the...

FRO – Fourth Quarter and Full Year 2023 Results

FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three and twelve months ended...

FRO – Invitation to Q4 2023 Results Conference Call and Webcast

Frontline plc.’s preliminary fourth quarter 2023 results will be released on Thursday February 29, 2024, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern...

FRO – Invitation to Q4 2023 Results Conference Call and Webcast

Frontline plc.’s preliminary fourth quarter 2024 results will be released on Thursday February 29, 2024, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern...

Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum

NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude oil and Product Tanker shipping companies will participate on panels at Capital Link’s...

FRO – Sale of its five oldest VLCCs

Frontline plc (the “Company” or “Frontline”) (NYSE: FRO – OSE: FRO) today announced that it has entered into an agreement whereby the Company will sell its five oldest VLCCs, built in 2009 and...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.1650.71459506279823.0923.5522.5181670223.16028253CS
40.8253.6781096745422.4323.9822.23203960323.15514626CS
121.8658.7190275829821.3924.53520.819234711522.57400933CS
265.20528.83656509718.0524.53517.02272680621.2583677CS
526.50538.835820895516.7524.53513.35275371618.42502685CS
15615.575202.7994791677.6824.5356.1271871113.44837639CS
26016.865263.928012526.3924.5355.28251362411.63359102CS

Market Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
AVTXAvalo Therapeutics Inc
$ 22.994
(384.08%)
16.91M
XLOXilio Therapeutics Inc
$ 1.6999
(166.03%)
23.72M
BDRXBiodexa Pharmaceuticals PLC
$ 1.79
(108.38%)
65.82M
PIKKidpik Corporation
$ 4.57
(39.76%)
8.3M
OTRKOntrak Inc
$ 0.81
(36.13%)
21.94M
PMECPrimech Holdings Ltd
$ 1.84
(-52.58%)
2.7M
NBSTWNewbury Street Acquisition Corporation
$ 0.042279
(-38.28%)
1.75k
GMDAGamida Cell Ltd
$ 0.0416
(-29.73%)
39.7M
UGROUrban Gro Inc
$ 1.35
(-25.62%)
337.1k
DTSTData Storage Corporation
$ 5.8401
(-23.56%)
502.3k
NKLANikola Corporation
$ 1.01
(11.10%)
97.97M
BDRXBiodexa Pharmaceuticals PLC
$ 1.79
(108.38%)
65.82M
AKANAkanda Corporation
$ 0.1903
(15.40%)
54.75M
MARAMarathon Digital Holdings Inc
$ 23.7601
(7.66%)
41.67M
GMDAGamida Cell Ltd
$ 0.0416
(-29.73%)
39.7M

FRO Discussion

View Posts
jb_jetii jb_jetii 3 weeks ago
Ok
👍️0
1hot toddy 1hot toddy 2 months ago
16000 SHARE BUY OVER $325000 BUY $$$$$$$$$$$$$$$$$$$$$
👍️0
1hot toddy 1hot toddy 3 months ago
5300 SHARE BUY OVER $105K BUY $$$$$$$$$$$$$$$$$$
👍️0
1hot toddy 1hot toddy 3 months ago
5100 SHARE BUY OVER $105000 BUY $$$$$$$$$$$$$$$$
👍️0
1hot toddy 1hot toddy 3 months ago
WOOOOOOOOW 12000 SHARE BUY RIGHT NOW 20.93 OVER $240K BUY $$$$$$$$$$$$$$$
👍️0
1hot toddy 1hot toddy 3 months ago
WOOOOOOOOOOW 27000 SHARE BUY $ OVER $540,000 BUY $$$$$$$$$$$$$$$$$$$$$
👍️0
1hot toddy 1hot toddy 3 months ago
$4500 SHARE BUY $90,000 BUY. IM BUYING MORE FOR RIDE UP WITH ALL NEW SHIPS $$$$$$$$
👍️0
fung_derf fung_derf 6 months ago
Wow! This is making quite a climb. A long way from where it was, but somethin's up here.
👍️0
Monksdream Monksdream 6 months ago
FRO new 52 week high
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Closing Bell 6.24

Frontline Ltd New (FRO)
6.24 up 0.02 (0.32%)
Volume: 1,592,403 @02/04/21 7:29:31 PM EST
Bid Ask Day's Range
- - 6.125 - 6.315
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Closing Bell 6.25

Frontline Ltd New (FRO)
6.25 up 0.2 (3.31%)
Volume: 2,547,930 @02/03/21 7:56:30 PM EST
Bid Ask Day's Range
- - 6.05 - 6.32
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Closing Bell 6.10

Frontline Ltd New (FRO)
6.1 down -0.08 (-1.29%)
Volume: 2,977,041 @01/25/21 7:49:06 PM EST
Bid Ask Day's Range
- - 5.86 - 6.06
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Closing Bell 6.20

Frontline Ltd New (FRO)
6.2 up 0.02 (0.32%)
Volume: 1,329,782 @01/22/21 7:33:29 PM EST
Bid Ask Day's Range
- - 6.03 - 6.19
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Results of Operation

Time charter revenues increased by $116.4 million in the nine months ended September 30, 2020 as compared to the nine months ended September 30, 2019 primarily due to the income recognized from the five vessels chartered out to Trafigura after the closing of the Acquisition and the net delivery of four vessels to time charters with increased rates.

Voyage charter revenues increased by $317.7 million in the nine months ended September 30, 2020 as compared to the nine months ended September 30, 2019 primarily due to the increase in market freight rates, as well as the delivery of five vessels acquired from Trafigura and two new buildings onto voyage charters. These factors were partially offset by the net increase in vessels trading under time charters and the termination of the lease on one vessel chartered-in from SFL.

The finance lease interest income relates to the investment in a finance lease for one VLCC, which has decreased as the underlying lease receivable was fully amortized.

Other income primarily comprises the income earned from the commercial management of related party and third party vessels and newbuilding supervision fees derived from related parties. The decrease in the nine months ended September 30, 2020 as compared to the nine months ended September 30, 2019 was due to a decrease in newbuilding supervision fees earned.

Voyage expenses and commissions decreased by $2.8 million in the nine months ended September 30, 2020 as compared to the nine months ended September 30, 2019 primarily due to the delivery of vessels onto time charters, the termination of the lease for one VLCC chartered-in from SFL and a decrease in bunker costs due to reduced prices. This was partially offset by an increase in expenses due to the charter-in and subsequent acquisition of 10 Suezmax tankers from Trafigura, the delivery of four newbuildings between January 2019 and September 2020, and an increase in commissions due to increased market rates.
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Crew & COVID-19 Update

Frontline has maintained specific guidelines for its ship managers in addition to a robust emergency management plan adopted in early January in response to the COVID-19 pandemic in order to ensure the health and safety of our employees while maintaining business operations as efficiently as possible. All crewing managers continue to follow the guidance issued by the World Health Organization and the International Chamber of Shipping to ensure that the proper protocols are in place on board our vessels. Our technical department has set up a task force and is hosting regular meetings with all crewing managers across all business segments to discuss and handle any issues, in particular challenges facing our crew and safe operations, as they arise. To date, concerns have primarily related to crew transfers and preventing COVID-19 infections onboard, which would affect our ability to operate effectively.

After global lockdowns prevented crew transfers in the second quarter of 2020, our focus has been to support crewing managers to safely relieve overdue crew. A reduction in the availability of commercial flights and local restrictions in many ports, along with our internal quarantine requirements, have increased costs related to crew change in the third quarter of 2020. Approximately 720 seafarers will be repatriated in the fourth quarter of 2020 at an estimated cost of $1.5 million.
ESG Update

Efficient, safe and transparent operations have been Frontline core values for years. At Frontline, an Environmental, Social and Governance ("ESG") Strategy means to structure our communication on how our core values are embedded in our day-to-day operations, through the lens of capturing ESG relevant markers. As a significant force in the shipping industry, directly and indirectly through our business model, we have great influence on the standards we expect to be met.

Frontline's ESG report, which can be found on the Company’s website, has been prepared to provide investors and stakeholders easy, transparent access to our ESG reporting. Our ESG report has been prepared in accordance with the Marine Transportation framework established by the Sustainability Accounting Standards Board ("SASB"). The SASB standard allows us to identify, manage and report on material ESG topics with industry specific performance metrics.
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Tanker Market Update

Global crude oil supply has decreased by 9.0 million barrels per day in the third quarter of 2020 compared with the third quarter of 2019, according to the U.S. Energy Information Administration (the "EIA"). Oil supply continues to be constrained under the OPEC+ agreement, but Libya has introduced a significant amount of export volumes after the Joint Military Committee ceasefire agreement in October this year. The EIA forecasts that global consumption of petroleum and liquid fuels will average 92.9 million barrels per day (“mb/d”) for all of 2020, down by 8.6 mbd from 2019, before increasing by 5.9 mb/d in 2021. This will not make up for the demand lost this year, but it speaks to a continued belief in the recovery of demand.

At the end of the third quarter of 2020, the year-over-year growth of the overall tanker fleet was 3.7%, which is detrimental for the near-term tanker market. Floating storage, both of crude and refined products, kept vessel utilization relatively high into the third quarter of 2020, but as global oil demand began to recover, oil stored on tankers was gradually released, returning vessels to the market and further increasing effective fleet supply.

In the meantime, the global tanker fleet continues to age. In 2020, 5.5% of the VLCC fleet and 7.0% of the Suezmax and Aframax fleets are either above or passing their 20-year anniversary. Despite conditions that would typically lead to vessel recycling, very few vessels have been reported sold for recycling. This may be due to wide reaching interruptions in docking activity, special survey exemptions and the deferral of the costs associated with both.
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Closing Bell 6.24

Frontline Ltd New (FRO)
6.24 down -0.05 (-0.79%)
Volume: 2,862,875 @01/19/21 7:32:15 PM EST
Bid Ask Day's Range
- - 6.15 - 6.32
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Closing Bell 6.70

Frontline Ltd New (FRO)
6.7 up 0.33 (5.18%)
Volume: 2,004,504 @01/12/21 7:48:13 PM EST
Bid Ask Day's Range
- - 6.44 - 6.71
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Closing Bell

Frontline Ltd New (FRO)
6.4 down -0.2 (-3.03%)
Volume: 1,736,297 @01/11/21 7:47:13 PM EST
Bid Ask Day's Range
- - 6.3301 - 6.45
👍️0
Dr Blunt Dr Blunt 3 years ago
Tanker Recovery Still A Prospect

$FRO related news:

January 7, 2021 09:36 AM ET (BZ Newswire) -- News
"It feels a bit like someone stole our clothes while we were enjoying a swim," mused the analyst team at Fearnleys. They were quoting a political saying and referring to what just went down in the tanker market.

For very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude), 2021 started out "with hope in the air." Crude-tanker stocks including Euronav (NYSE:EURN) and Frontline (NYSE:FRO) rose on the first few trading days of the year. "Tanker stocks certainly caught a bid," said Jefferies analyst Randy Giveans of the earlier tanker stock gains.

Then Saudi Arabia announced Tuesday that it would unilaterally cut crude production by 1 million barrels per day (b/d) in February and March.

Positive sentiment after New Year Asked about drivers of positive investor sentiment, Evercore ISI analyst Jon Chappell told American Shipper that there "seems to be a fair amount of optimism on oil demand recovering post the rollout of the vaccine. Throw in a historically depressed orderbook and stocks trading at large discounts to NAV [net asset value] and it doesn't take much of a sentiment shift to move the need off the bottom."

Then came the OPEC+ coalition meeting. Tanker proponents pinned hopes on a Russia/Kazakhstan proposal to increase collective output by 500,000 b/d.

Instead, Saudi made its surprise cut. Russia's and Kazakhstan's February-March output were increased by 65,000 b/d and 10,000 b/d, respectively. Gains will reportedly be used to cover increased wintertime domestic needs, not tanker exports.
The latest OPEC move followed the decision to relax production quotas by 500,000 b/d in January. That's well below the 2 million b/d relaxation being hoped for by tanker players.

Saudi decision near-term negative The Saudi cuts are "likely to reduce demand for VLCCs, putting freight rates under further pressure," said Platts.

Citing data from Vortexa, Platts noted that VLCCs carried over 82% of Saudi Arabia's exports. It estimated that Tuesday's cuts would equate to around 12 fewer VLCC loads per month in February and March. That would "negate any impacts of the relaxation of OPEC production constraints from January."

Chappell warned in a new client note, "Fewer Middle East exports will pile on to a market already under pressure from inventory destocking, shaky demand and elevated overcapacity, threatening to keep spot rates for most crude-tanker sectors well below cash breakeven for the remainder of the first quarter."
He added, "Spot rates today, in the dead of the Northern Hemisphere winter, are as soft as at any time over the last several decades."

According to Clarksons Platou Securities, VLCC rates are currently at $16,600 per day, down 17% month-on-month. At this time last year, they were $95,300 per day; at this time in 2019, $38,500 per day.

Rates for Suezmaxes (tankers that carry 1 million barrels of crude) are now $5,300 per day, down 24% month-on-month. A year ago, they were $66,900 per day; two years ago, $33,000 per day.

Saudi decision could heal market faster Giveans said that Saudi Arabia's decision reflects that nation's "should help rapidly reduce floating crude inventories."

According to Chappell, "The Saudi decision is likely to prevent a more punitive inventory build through a softer demand patch, enabling draws to continue and thus placing the oil and tanker markets in a position where a stronger rebound can unfold as soon as global oil demand finds its footing, which will hopefully be associated with a more robust vaccine rollout."

"A quicker inventory drawdown associated with this move will only help tanker markets to eventually embark on a more sustainable cyclical recovery," said Chappell.

Recovery timing "My expectations are that the tanker market remains weak for the next three to six months as inventory levels continue to be destocked and demand slowly increases," Giveans told American Shipper.

"However, we expect a much stronger market in the second half and throughout 2022 as ton-mile demand accelerates and fleet supply growth remains muted through at least 2022."
Chappell sounds more bearish. He expects "the early stages" of a fundamental tanker recovery in the second half. "Not a great period by any means. But substantially better than the second half of 2020 and first half of 2021."

After the early recovery, he believes "2022 should start to look pretty good — but probably still not great."

Geopolitics is the wild card
In tanker markets, rate environments change overnight due to major geopolitical events. There is currently a very high level of tension in the Middle East. A limpet mine attached to the hull of the tanker Pola moored off Iraq's Basra Oil Terminal.
On Monday, Iranian military sezied the South Korean-flagged chemical tanker Hankuk Chemi. The Iranian military allegedly seized the ship due to environmental pollution. But the timing coincides with allegations that South Korea owes Iran for oil sales.

There is also concern over the risk of potential military action between Iran and the U.S. in the waning days in power for President Donald Trump. In the past, heightened military action led to higher tanker spot rates as importers rushed to obtain cargoes, fearing a blockage of the Strait of Hormuz. This time, the equation is somewhat different, given that there is already a large amount of floating storage available.

Middle East unrest scenarios

Asked what would happen to tanker markets if there were a conflict or increased threat, Chappell responded, "You can never ignore the psychological impact of Middle Eastern conflict on tanker markets. Even a pickup in rhetoric can have an impact on chartering activity and sentiment.

"A military conflict, though certainly unlikely, could have an outsized impact on tanker markets and equities. I do believe the spare capacity in the market today and the still-elevated floating storage could mute the panic. But at the outset, with little clarity on duration, there would still likely be a desire to secure supply — both of oil and tankers.

"I would expect any escalation or conflict to lead to an immediate boost to chartering and support to VLCC rates," he said.
The problem, Chappell continued, is that "if the rhetoric or event is short-lived, the market has to deal with the front-end loading of this chartering and additional storage. So, although that type of event could boost [tanker] stocks for a short period, it is not a desired outcome."

Asked the same question, Giveans responded, "Geopolitical turmoil and hostility, especially in the Middle East, usually disrupts the oil trade and causes chaos in the tanker markets. If there is a military conflict at the Strait of Hormuz, that would certainly be a short-term negative. But the positive would be that the currently elevated inventory levels would decrease rapidly. And longer-haul voyages — exports out of the U.S., Brazil, Norway and West Africa — would increase." Click for more reightWaves/American Shipper articles by Greg Miller 

MORE ON TANKERS: Frontline's disappearing dividend speaks volumes on tanker fears: see story here. Tanker shipping at risk of rare winter hibernation: see story here. Why crude tanker collapse could be long and painful: see story here. 

Copyright © 2021 Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga.com).
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Friday Closing Bell

Looks like Q4 dividend is gonna pass on by --
Guessing Q1 should be .40 cents...
Frontline Ltd New (FRO)
6.6 up 0.2 (3.13%)
Volume: 1,983,234 @01/08/21 6:30:00 PM EST
Bid Ask Day's Range
- - 6.52 - 6.7
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO closing bell 6.40


Frontline Ltd New (FRO)
6.40 up 0.06 (0.95%)
Volume: 1,472,803 @01/07/21 7:15:42 PM EST
Bid Ask Day's Range
- - 6.355 - 6.48
👍️0
parindra parindra 3 years ago
Does anybody know why FRO didn't pay Dec quarters dividend?

Will they continue or have they suspended?
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO pricing

The Meeting welcomed the positive performance in overall conformity levels to the production adjustments since it last met in June, and the constructive response from many countries to the compensation mechanism in accommodating their underperformed volumes as agreed at the June ministerial meetings, and later amended in September 2020.

Looking ahead, the Meeting emphasized that it was vital that DoC participants, and all major producers, remain fully committed to efforts aimed at balancing and stabilizing the market. It noted that renewed lockdowns, due to more stringent COVID-19 containment measures, continue to impact the global economy and oil demand recovery, with prevailing uncertainties over the winter months.

In light of the current oil market fundamentals and the outlook for 2021, the Meeting agreed to reconfirm the existing commitment under the DoC decision from 12 April 2020, then amended in June and September 2020, to gradually return 2 mb/d, given consideration to market conditions.

Beginning in January 2021, DoC participating countries decided to voluntary adjust production by 0.5 mb/d from 7.7 mb/d to 7.2 mb/d.

Furthermore, DoC participating counties agreed to hold monthly OPEC and non-OPEC ministerial meetings starting January 2021 to assess market conditions and decide on further production adjustments for the following month, with further monthly adjustments being no more than 0.5 mb/d.

The Meeting also agreed to extend the compensation period established from the 11th ONOMM, and later amended in September 2020, for the period of January until the end of March 2021, to ensure full compensation of over production from all DoC participating countries.

OPEC and non-OPEC participating countries appealed to Saudi Arabia’s Minister of Energy HRH Prince Abdul Aziz bin Salman to continue in his role as Chair of the OPEC and non-OPEC Ministerial Meeting. His perseverance, diligence and extraordinary efforts have been highly appreciated by all participating countries and instrumental in helping counter the impacts of the COVID-19 pandemic and in stabilizing the oil market through the successful implementation of DoC objectives.

HRH Prince Abdul Aziz bin Salman accepted the offer to continue in his role as Chairman of the Meeting and vowed to vigorously pursue the sustainable oil market stability desired by both producers and consumers.

The Meeting also expressed its deep appreciation and gratitude to HE Alexander Novak, Deputy Prime Minister of the Russian Federation, for his exemplary leadership as co-Chair of the ONOMM. The Meeting asked him to continue in this role and thanked him for his tireless efforts and strong support for the DoC during these extremely challenging times.

The Meeting also noted the four-year anniversary of the signing of the DoC on 10 December 2016 and commended participating countries for their continued commitment to principles underpinning the DoC.

Top of Page
Print Page
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO OPEC meeting

The 12th OPEC and non-OPEC Ministerial Meeting concludes

No 28/2020
Vienna, Austria
03 Dec 2020
The 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held via videoconference, on Thursday, 03 December 2020.

The Meeting welcomed the new Russian Minister of Energy, HE Nikolai Shulginov.

The Meeting recalled the rights of peoples and nations to permanent sovereignty over their natural wealth and resources.

The Meeting reaffirmed the continued commitment of the participating producing countries in the Declaration of Cooperation (DoC) to a stable market, the mutual interest of producing nations, the efficient, economic and secure supply to consumers, and a fair return on invested capital.

The Meeting recalled the decision taken by all participating countries in the DoC at the 10th (Extraordinary) ONOMM on 12 April 2020 to adjust downwards overall crude oil production and the unanimous decisions taken at the 11th ONOMM on 6 June 2020.
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO Frontline Ltd. (Frontline) is engaged primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. Stock is based on oil
👍️0
Dr Blunt Dr Blunt 3 years ago
$FRO It takes time


Frontline Ltd New (FRO)
6.16 down -0.07 (-1.12%)
Volume: 1,368,749 @12/30/20 2:56:36 PM EST
Bid Ask Day's Range
- - 6.13 - 6.38
👍️0
daejeon daejeon 3 years ago
Does not support dividend reinvestment program because of fractional shares. Did pay .50 a share however.
👍️0
itsmaruf itsmaruf 4 years ago
FRO will go as high as $11 soon!

https://www.marketbeat.com/instant-alerts/nyse-fro-consensus-analyst-rating/
👍️0
itsmaruf itsmaruf 4 years ago
FRO will go as high as $11 soon!

https://www.marketbeat.com/instant-alerts/nyse-fro-consensus-analyst-rating/
👍️0
itsmaruf itsmaruf 4 years ago
FRO will go as high as $11 soon!

https://www.marketbeat.com/instant-alerts/nyse-fro-consensus-analyst-rating/
👍️0
Tekkysurf Tekkysurf 4 years ago
Think shorts are cover last days.
How long / high sp will be going next days?

Additional floating market with Oil OPEC+, India, Lybia.

👍️0
Tekkysurf Tekkysurf 4 years ago
Today and tomorrow should be the entry days.

When I look at the chart of the last 3 years (FRO) and also from 18th to 24th February (FRO / Dow Jones), it looks so clearly and also ghostly the same.

Let's see how it turns out.
Otherwise we might see the 6.50 again.
👍️0
fung_derf fung_derf 4 years ago
maybe wait til tomorrow
👍️0
Tekkysurf Tekkysurf 4 years ago
Today I start buying again.
👍️0
fung_derf fung_derf 4 years ago
killing it? Really? Define please "killing it"
👍️0
Another Casualty Another Casualty 4 years ago
Killing it here. Woo wee.
👍️0
Tekkysurf Tekkysurf 4 years ago
New run for approx. 12 Days expected. Started last hour
👍️0
fung_derf fung_derf 4 years ago
Support is currently $7.33
👍️0
Zexcaliber Zexcaliber 4 years ago
After good news on DHT I picked up shares for 8.15 ... didn't think this was going to happen!
👍️0
fung_derf fung_derf 4 years ago
I would too
👍️0
fung_derf fung_derf 4 years ago
Hmmm, I can see it. Perhaps YOURS is suppressed. Anyway, Google it.
👍️0
Another Casualty Another Casualty 4 years ago
Says your image is suppressed lol.
👍️0
Zexcaliber Zexcaliber 4 years ago
I'll wait to see what happens with the lower Bollinger Band.
👍️0
fung_derf fung_derf 4 years ago
👍️0
fung_derf fung_derf 4 years ago
!!
👍️0
Another Casualty Another Casualty 4 years ago
? ?
👍️0
fung_derf fung_derf 4 years ago
Maybe if you're really lucky, it's a cup and handle.
👍️0
Another Casualty Another Casualty 4 years ago
Excessive short positions and oils huge spike up this morning. I loaded huge @8.25 this morning. Down to my last 5K money's. If it keeps dipping I'll keep buying tim I'm out. Averaged down to 9s per share now. Accounts red. Should be a fun month.
👍️0
Zexcaliber Zexcaliber 4 years ago
I wonder what is causing this weakness!
👍️0

Your Recent History

Delayed Upgrade Clock