NYSE:FROOil and Gas
Frontline (NYSE:FRO) Valuation Check As Fleet Renewal And Tighter Tanker Supply Draw Market Focus
Frontline (FRO) is back in focus after announcing a fleet renewal plan that includes selling eight older very large crude carriers and acquiring nine latest generation, scrubber-fitted ECO VLCC newbuilding contracts.
See our latest analysis for Frontline.
The fleet renewal news comes after a period of renewed interest in tanker plays, with Frontline’s share price returning 18.71% year to date and its 1 year total shareholder return at 61.76%, suggesting that momentum has been building around...