Scorpio Tankers Inc.Pembelian
STNG - LONG
STNG - Long
Scorpio Tankers is one of the top Energy Transportation plays
Given the Russia Ukraine situation - rates could well remain elevated
Paying off debt of 500m + 250m share buyback (relative to a
2BN market cap this is significant!)
Management has invested in heavily ships in prior years - giving it a very young fleet (6.5 yrs avg) - as a result management has no plans to purchase/replace ships anytime soon (mentioned on earnings call) - This should free up cashflow
Could see another retest of that $37.50 area, but I'm happy to try for a position now
Scorpio Tankers is one of the top Energy Transportation plays
Given the Russia Ukraine situation - rates could well remain elevated
Paying off debt of 500m + 250m share buyback (relative to a
2BN market cap this is significant!) Management has invested in heavily ships in prior years - giving it a very young fleet (6.5 yrs avg) - as a result management has no plans to purchase/replace ships anytime soon (mentioned on earnings call) - This should free up cashflow
Could see another retest of that $37.50 area, but I'm happy to try for a position now
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