STNG 3 05/15/22

Scorpio Tankers Inc

Credit, Industrial/Transportation


Publicly listed companies mentioned herein: Scorpio Tankers Inc (STNG)

Highlights

The presenter is long Scorpio Tankers’ 3% convertible notes due 5/15/22. The current strike price is ~$39.25, but this ratchets down each quarter as dividends are paid. The stock is also attractive at ~$26, but with the notes at ~97 he likes the risk/return profile better on the debt. This is “not a multi-year investment;” rather, it is a play on IMO 2020 as we head into 2020.

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Idea Discussion

Commentor 1 - 2 weeks ago

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