FRO Sale of its five oldest VLCCs
EURNDelisted Stock | USD 16.31 0.20 1.21% |
About 62% of EURN Old's investor base is looking to short. The analysis of current outlook of investing in EURN Old suggests that many traders are alarmed regarding EURN Old's prospects. EURN Old's investing sentiment overview a quick insight into current market opportunities from investing in EURN Old. Many technical investors use EURN Old stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
EURN |
Frontline plc 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 expect
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EURN Old Fundamental Analysis
We analyze EURN Old's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EURN Old using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EURN Old based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Number Of Employees
Number Of Employees Comparative Analysis
EURN Old is currently under evaluation in number of employees category among its peers. Number of Employees shows the total number of permanent full time and part time employees working for a given company and processed through its payroll.
EURN Old Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EURN Old stock to make a market-neutral strategy. Peer analysis of EURN Old could also be used in its relative valuation, which is a method of valuing EURN Old by comparing valuation metrics with similar companies.
Peers
EURN Old Related Equities
NVGS | Navigator Holdings | 0.12 | ||||
FRO | Frontline | 0.74 | ||||
DHT | DHT Holdings | 1.28 | ||||
TNK | Teekay Tankers | 2.20 | ||||
INSW | International Seaways | 2.34 | ||||
TRMD | Torm PLC | 2.67 | ||||
STNG | Scorpio Tankers | 2.94 |
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Other Consideration for investing in EURN Stock
If you are still planning to invest in EURN Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the EURN Old's history and understand the potential risks before investing.
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