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FRO - SFL Corp.: It Will Pay Off Patience Is The Key
Frontline Ltd.
Operating revenues were $116.77 million compared to $111.53 million the same quarter a year ago and down 2.3% sequentially.
Of course, the major news was the cut in the quarterly dividend to $0.15 per share this quarter due to the ongoing Seadrill restructuring.
I recommend this shipping company as a long-term investment even if the recent disruptions attached to the virus and the new Seadrill restructuring have taken a toll on the stock.