Analysts Nicolay Dyvik, Oyvind Berle and Petter Haugen raised the company to buy, suggesting the deal means the company has been reborn.
The combination will give Frontline an owned fleet of 65 vessels, excluding commercially managed and time chartered tonnage, they say.
“Hence, Frontline has been reborn and regained its position as a leading tanker company,” the analysts said.
“We believe focus will return to dividends as early as practically possible to secure premium pricing to peers, which would allow for accretive deals and growth,” the analysts said.
The
