Markets

Will John Fredriksen's $11 Billion Gamble Pay Off?

John Fredriksen, the shipping magnate worth $13.2 billion is one of the most powerful, respected, and even feared men in the global oil and gas market. He controls the world's largest fleet of supertankers, the most valuable deep-water drilling company, and an armada of about 128 other vessels which transport minerals, grains, fish, LNG, etc.

He told Bloomberg that he still "works on gut feeling," and whenever his gut tells him to bet, his companies, Frontline 2012 and Seadrill, make the move.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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