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Stock Market & Financial Investment News

News Breaks
February 22, 2013
05:34 EDTFROFrontline says if tanker market doesn't recover by 2015 it may force restructuring
If the tanker market does not recover before 2015 and no additional equity can be raised or assets sold there is a risk that Frontline will not have sufficient cash to repay the existing $225M convertible bond loan at maturity in April 2015. Such a situation might force a restructuring of the company, including modifications of charter lease obligations and debt agreements.
News For FRO From The Last 14 Days
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January 21, 2015
11:21 EDTFROFrontline volatility elevated on wide price movement
Frontline February call option implied volatility is at 130, March is at 158, August is at 133; compared to its 26-week average of 95 according to Track Data, suggesting large near term price movement.

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