Nice stock, but many people have been burnt by Frederiksen. FRO used to pay close to 30% dividends at some point and it was a warning signal. I own TALOS and while it’s a different story, both companies’ stocks correlate strongly with the oil price and with each other. Buying oil futures offers the same price action without the idiosyncratic risks.
I think it was the US and Isreal that went to war with Iran, (typo in the first sentence)?
Indeed. thanks for pointing that out Michael. Updated.
Not to be pedantic but there’s another ater which should read after about half way down. Good article.
Nice stock, but many people have been burnt by Frederiksen. FRO used to pay close to 30% dividends at some point and it was a warning signal. I own TALOS and while it’s a different story, both companies’ stocks correlate strongly with the oil price and with each other. Buying oil futures offers the same price action without the idiosyncratic risks.