Frontline Ltd Soars On Positive Comments As Oil Tankers All The Rage

Frontline Ltd., the world’s largest oil tanker shipping company, shot higher in price today after press reports touted it as a play in an oil glut world.

This is the second time in a month the stock witnessed sharp price spikes on news related momentum buying. This time the stock received kind words from Karen Finerman, noting that the tanker company is a leveraged play in the shipping industry.

Frontline's debt situation

Noting the company’s precarious debt situation, Finerman sees a ray of hope. "I think they will squeak through their next debt payment and that will give them time which gives them hope," she was quoted...