FRO - Frontline: Still A Good Medium-Term Bet On Tanker Demand Constraints

Tanker owner Frontline (FRO) released its first half results last week. While the Q2 numbers were a bit softer than I hoped for, they were still far ahead of last year. The company continues to offer a very attractive albeit unpredictable yield and I expect its earnings to be supported in the next several years by a demand squeeze due to historically low levels of tanker capacity in the market. If you want yield but can accept significant volatility, it’s worth considering getting in still.

Q2 Was Strong, but Won’t Be Repeated in

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