FRO - Frontline: Wildly Valued Better Tanker Play Available?

Frontline Overview

Frontline (FRO) is a shipping company focused on the crude oil and product tanker segments, with primarily modern VLCC, Suezmax, and LR2 vessels. FRO is controlled by John Fredriksen, one of the world's most popular and historically successful shipping magnates. They have also been a leader in scrubber investments and installations, recently expanding their investment in Feen Marine to further secure access to equipment.

FRO is well managed and has famous roots, therefore they have tended to trade at steep premium valuations to peers despite being in a near pure commodity