A combined Euronav-Frontline fleet cannot be ruled out even if a merger is off the table, and the prospect of a union based on assets rather than equities would boost both stocks.
So believes Eirik Haavaldsen, head of research at Oslo’s Pareto Securities.
But there are big ifs: “If they can sit down and talk to each other, there is indeed an obvious possibility for Euronav to sell ships,” Haavaldsen told Norwegian business daily Finansavisen.
