FRO News and Press, Frontline Ltd. From 08/19/22

Operating revenues were another record of $153.297 million compared to $116.76 million in the same quarter a year ago and up from $152.39 million in 1Q22. The quarterly dividend increased to $0.23 per share in 2Q22. I recommend buying SFL at or below $10.70 with potential lower su...

Benchmark earnings for very large crude carriers neared $40K/day on Wednesday to hit the highest level since June 2020, Bloomberg reports. Assessments in the Worldscale system have jumped almost 40% since early last week, likely due to increased shipments from the Middle East an...

Frontline Ltd. (NYSE:FRO) traded at a new 52-week high today of $11.61. Approximately 842,000 shares have changed hands today, as compared to an average 30-day volume of 2.8 million shares. Frontline Ltd. share prices have moved between a 52-week high of $11.61 and a 52-week low of $6.10...

Earnings and cash generation are fairly stable for SFL with their $3.6 billion backlog. 73 consecutive quarters of dividend solidifies SFL's track record of giving back money to shareholders. Fairly high leverage might see higher interest costs for SFL going forward. Managemen...

With the tanker sector finally on the rise after a difficult year-and-a-half, prices for newbuilds and secondhand tonnage are now "on a tear ," a new report from tanker broker Poten & Partners said, according to Splash247.com. VLCC newbuilding prices have climbed to $119M fr...

At Smead Capital Management, we are stock market investors. We advise investors that fear stock market failure through a low-turnover, differentiated value discipline seeking wonderful companies to build wealth. During the 2nd quarter of 2022, the Smead International Value Fund declin...

Oil tanker shipping companies Frontline ( NYSE: FRO ) and Euronav ( NYSE: EURN ) said on Monday that they signed an all-stock merger deal , based on an exchange ratio of 1.45 Frontline shares for every Euronav share. Based on Frontline's ( FRO ) $8.34 share p...

Frontline announced lower-than-expected revenues of $217.44 million for the first quarter of 2022. The merger between Frontline and Euronav is still ongoing. I recommend buying FRO at or below $8.3 with potential lower support at $7.65. Introduction Bermuda-based Fro...

Gainers: Resolute Forest Products ( RFP ) +64% . Mercer International ( MERC ) +12% . Eco Wave Power Global ( WAVE ) +7% . Zymergen ( ZY ) +7% . Heliogen ( HLGN ) +6% . Losers: Borr Drilling ( BORR ) -11% . Scorpio Tankers ( ...

Gainers: Inspira Technologies ( IINN ) +75% . Resolute Forest Products ( RFP ) +64% . Shattuck Labs ( STTK ) +23% . Omega Therapeutics ( OMGA ) +23% . Evofem Biosciences ( EVFM ) +23% . Zevia ( ZVIA ) +21% . Eos E...