FRO News and Press, Frontline Ltd. From 04/27/23

2023-04-27 05:09:00 ET Summary We are pleased to report that the Smead International Value Fund had an absolute return of 7.07% for the quarter. The shareholders of the Smead International Value Fund have invested alongside us but aren’t adding strings to the investment dis...

2023-04-11 15:20:34 ET Summary The VLCC and Suezmax tanker rates are relatively high and despite OPEC+ recent cut announcement, the ton-mile demand is expected to increase. However, the management struggle between CMB, Famatown, and EURN’s board members is still going on. ...

2023-04-11 01:23:27 ET Summary In 2022, Scorpio Tankers’ net debt-to-equity and net debt-to-EBITDA ratios dropped deeply to 0.62x and 1.56x, respectively. Frontline’s liquidity condition is promising. Its current ratio doubled to 2.25x, and its cash ratio boosted to ...

2023-04-03 14:07:04 ET Gainers: Barnwell Industries ( BRN ) +29% . Indonesia Energy ( INDO ) +29% . BP Prudhoe Bay Royalty Trust ( BPT ) +19% . Teck Resources ( TECK ) +17% . U.S. Gold ( USAU ) +16% . Losers: DHT Holdings ( DHT ) -...

2023-04-03 10:43:32 ET Shares in Frontline ( NYSE: FRO ) and other oil tanker companies plunge in Monday's trading in reaction to the surprise OPEC+ production cut that could provide another spark for inflation and weigh on the world economy. Analysts say OPEC's move is ...

2023-04-03 08:16:44 ET OncoSec Medical ( ONCS ) -62% clinical data of the KEYNOTE-695 trial assessing TAVO EP in combination with KEYTRUDA (pembrolizumab) in patients with advanced melanoma refractory to anti-PD-1 treatment. Ascendis Pharma ( ASND ) -38% after FD...

2023-04-03 01:41:16 ET Summary Imperial Petroleum was a spin-off from StealthGas Inc. IMPP is currently extremely undervalued. However, I don't think the value will ever get unlocked due to the different incentive structure between shareholders and the CEO. Introduct...

2023-03-29 13:40:06 ET While the last couple years have seen growth stocks get punished, dragged down by rising interest rates and changing investor tastes following the runup that more speculative investments saw earlier in the 2020s. Still, market participants are still searching for ...

2023-03-27 08:28:28 ET Summary We like Frontline plc for its large, modern and diverse tanker fleet. Spot market throws off large free cash flow, which is expected to continue in the next few quarters. History shows that the period of feast does not last long, but so do famine...

2023-03-17 08:22:48 ET Enzo Biochem ( NYSE: ENZ ) +73% . PaxMedica ( PXMD ) +27% . FedEx ( FDX ) +11% . BigBear.ai Holdings ( BBAI ) +11% . Riot Blockchain ( RIOT ) +11% . Corbus Pharmaceuticals Holdings ( CRBP ) +10% ...