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Author: Hohum777 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1157  
Subject: FRNT private placement Date: 1/29/2013 1:32 AM
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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.
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