FRO seems to be oversold right now after moving down almost 40% from $12 on April 27. I liked the way it held the big psych level at 7.50 and is currently breaking out of the downtrend. Stop loss will be below 7.50. First target is to fill the gap towards the 9.10 Second target to fill the next gap around the golden pocket around 10.30-45 Also crossed on...
First off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, Frontline as an oil tanker transportation company was bearish recently given a decrease in the demand. The demand curve went down given the time period we are in, which means I am positive for a short threshold crossing that can lead...
Just a little bit lower for me to buy. I'm already in, because this is a once in a lifetime tanker opportunity. Bullish on all tanker stock!
Company continues to benefit from the oversupply of oil , rather than shippers the are now storage facilities Frontline 2012 Ltd. is a commodity shipping company, which engages in the ownership and operation of tankers. It serves crude oil, petroleum product, drybulk, and liquefied petroleum gas markets. The company was founded on December 12, 2011 and is...
Oil traders buy oil spot and sell it forward to take advantage of unsually large contango on the futures curve. 6 month forward on brent and wti sells at a premium exceeding 10$ 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...
With low oil prices, this is another good investment.
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...