Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Seems like FRNT had a private placement a few weeks ago. Pretty sizable amount too- $310M

I think that takes the equity to around $800M. I figure it will probably be 2 or 3 times that
amount when he's done. Not sure if the 4 VLGC refers to the original set, or whether the
options were exercised, so total of 8 VLGCs now. I guess we find out next month whether
FRO participated in this private placement round.

If FRNT want to be involved in the product tanker sector, it looks like they will have to
contend with Scorpio Tankers (STNG), who seem to be barreling ahead with more new orders.
STNG also appear to be complementing their growth with a sizable charter- in fleet. NNA also
appears to be planning an active presence in the clean tanker sector.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.