Frontline, the world's biggest crude oil tanker fleet operator floats above the rest, while the oil tanker sector has been hurt recently by high oil prices and an oversupply of vessels.
Frontline's business model has paid off by converting tankers and selling vessels for big profits, while aggressively maximizing shareholder value through dividend declarations. Its shares have consistently traded higher than competitors have even on days when the stock market was down and other tankers plunged. Frontline's business model works well during strong markets in the short-term but there are risks at the corporate level because the company only owns a limited number of its assets.
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