Frontline Ltd.

  • TickerFRO
  • ISINBMG3682E1921
  • ExchangeOslo Bors
  • SectorIndustrial Transportation
  • CountryBermuda

Analysts

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

Nicolay Dyvik

Crude tankers (DNB Markets) - Utilisation could fall by 11% MOM

It is too early to conclude on a potential oil production cut, but in the event of a 10mbpd cut in oil production, we estimate the seaborne impact could be 11% lower utilisation MOM, and 6% below 2019 before factoring in changes to floating storage. What you can pay for six month floating storage is now USD80k/day (USD120k).

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

Haakon Amundsen ...
  • Lukas Daul

BW Offshore Limited - The key question: Client break-even levels

Estimated cash opex to clients for the fleet USD ~20/bbl Field production & counter-party crucial to understand risk Covid-19 risk, but strong operational track-record

Nicolay Dyvik

Crude tankers (DNB Markets) - Floating storage gives floor to rates

We have run four crude tanker scenarios on the OPEC+ volume war and GDP recovery from Covid-19. Our base case indicates a very strong 2020, but all scenarios suggest a weak 2021. We maintain our HOLDs as the hangover could be larger than the party when global oil inventories are up 420–720mb/month.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Bullish Outlook Intact Amid rising Middle East tensions, investors have moved to safe-havens including Treasuries and gold, all while having a muted effect on the US equity market. At this point in time, the rising tensions have done virtually no damage to the bullish trends and indicators that continue to dominate the market. We remain bullish. • 10-Year Treasury. The 10-year yield has fallen to logical support at the uptrend or 1.75%, a level we expect to hold. A breakdown would raise concerns of a deeper pullback for US equities... see chart below. • Gold Testing Key Resistance. Gold pri...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Market remains in purgatory Purgatory is a reference we have used to describe the state of the market numerous times throughout 2019, and we believe this remains the case. Technical signals continue to suggest that while there are little-to-no signs for us to expect impending doom (economic data notwithstanding), there is also little to suggest an imminent broad market rally. Until these signals begin leading us one way or the other, our neutral outlook remains appropriate. • Small-caps, Transports, Banks. Small-caps underperforming large-caps remains on our list of concerns as it has for mo...

Nicolay Dyvik

Crude tankers (DNB Markets) - Utilisation could fall by 11% MOM

It is too early to conclude on a potential oil production cut, but in the event of a 10mbpd cut in oil production, we estimate the seaborne impact could be 11% lower utilisation MOM, and 6% below 2019 before factoring in changes to floating storage. What you can pay for six month floating storage is now USD80k/day (USD120k).

Haakon Amundsen ...
  • Lukas Daul

BW Offshore Limited - The key question: Client break-even levels

Estimated cash opex to clients for the fleet USD ~20/bbl Field production & counter-party crucial to understand risk Covid-19 risk, but strong operational track-record

Nicolay Dyvik

Crude tankers (DNB Markets) - Floating storage gives floor to rates

We have run four crude tanker scenarios on the OPEC+ volume war and GDP recovery from Covid-19. Our base case indicates a very strong 2020, but all scenarios suggest a weak 2021. We maintain our HOLDs as the hangover could be larger than the party when global oil inventories are up 420–720mb/month.

Haakon Amundsen ...
  • John Olaisen
  • Karl Fredrik Schjøtt-Pedersen
  • Lukas Daul

Sector Report - Here we go again

Massive estimates cuts; DPS might be suspended … but the balance sheet is not at risk BUY reiterated, TP NOK 160 (345)

Haakon Amundsen ...
  • Lukas Daul

BW Offshore Limited - Less at risk than most

Oil companies in cash conservation mode Good visibility on its main revenue generators Strong and cheap unless Catcher goes down

Frank Maaø ...
  • Martin Arnell
  • Niclas Gehin
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn

Northern Lights

Karl-Johan Bonnevier ...
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Christoffer Wang Bjørnsen ...
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Jon Masdal ...
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Frank Maaø
  • Jesper Ingildsen
  • Jon Masdal
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

ValuEngine Rating and Forecast Report for FRO

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