Frontline(FRO)

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Frontline: Still A Buy At The High Price
Seeking Alpha· 2024-01-13 10:14
shaunl Introduction This is my second article on Frontline (NYSE:FRO). It is one of my most significant holdings, and I plan to add even more. The tanker market fundamentals and the Red Sea crisis are strong tailwinds for my thesis. In 3Q23, the company reported a disappointment due to lower day rates 3Q23. The most important is the rise of day rates for Aframax and Suezmax. FRO had contracted for 4Q23 70% of its Aframax and Suezmax ships at 62%/35% higher rates. FRO has a conservative debt repayment sc ...
FRO – Sale of its five oldest VLCCs
Newsfilter· 2024-01-12 21:30
Frontline plc (the "Company" or "Frontline") (NYSE:FRO) today announced that it has entered into an agreement whereby the Company will sell its five oldest VLCCs, built in 2009 and 2010, for an aggregate net sale price of $290 million. The vessels are expected to be delivered to the new owner during the first quarter of 2024. After repayment of existing debt on the vessels, the transaction is expected to generate net cash proceeds of approximately $207 million, and the Company expects to record a gain in th ...
Frontline(FRO) - 2023 Q3 - Quarterly Report
2023-12-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the nine months ended September 30, 2023 Commission File Number: 001-16601 FRONTLINE PLC (Translation of registrant's name into English) John Kennedy, 8 Iris Building, 7th Floor, Flat/Office 740B, 3106, Limassol (Address of principal executive offices) Indicate by check mark whether the registrant files or will file ...
Frontline(FRO) - 2023 Q3 - Earnings Call Transcript
2023-11-30 17:04
Frontline plc (NYSE:FRO) Q3 2023 Results Conference Call November 30, 2023 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Jon Chappell - Evercore ISI Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Greg Lewis - BTIG Operator Good day and thank you for standing by. Welcome to the Q3 2023 Frontline plc Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please be advised that today’s conference is ...
Frontline(FRO) - 2023 Q2 - Quarterly Report
2023-09-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K (Translation of registrant's name into English) John Kennedy, 8 Iris Building, 7th Floor, Flat/Office 740B, 3106, Limassol (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ] Form 40-F [ ] REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 INFORMATI ...
Frontline(FRO) - 2023 Q2 - Earnings Call Transcript
2023-08-24 17:13
Frontline plc (NYSE:FRO) Q2 2023 Results Conference Call August 24, 2023 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Jon Chappell - Evercore Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Chris Tsung - Webber Research Operator Good day and thank you for standing by. Welcome to the Second Quarter 2023 Frontline plc Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please be advised that today's conf ...
Frontline(FRO) - 2023 Q1 - Earnings Call Presentation
2023-06-02 12:48
First Quarter Presentation May 2023 Forward Looking Statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS AND OTHER STA ...
Frontline(FRO) - 2022 Q4 - Annual Report
2023-04-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ☐ SHELL COMPANY REPORT ...
Frontline(FRO) - 2022 Q4 - Earnings Call Transcript
2023-02-28 20:17
Frontline plc (NYSE:FRO) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Omar Nokta - Jefferies Jon Chappell - Evercore ISI Chris Robertson - Deutsche Bank Greg Lewis - BTIG Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2022 Frontline PLC Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand th ...
Frontline(FRO) - 2022 Q3 - Earnings Call Transcript
2022-11-30 17:50
Frontline Ltd. (NYSE:FRO) Q3 2022 Results Conference Call November 30, 2022 9:00 AM ET Company Participants Lars Barstad - CEO Inger Klemp - CFO Conference Call Participants Omar Nokta - Jefferies Chris Robertson - Deutsche Bank Greg Lewis - BTIG Operator Good day. And thank you for standing by. Welcome to the Q3 2022 Frontline Limited Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers’ presentation, there'll be a question-and-answer session. [Operator Ins ...