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…
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