Product Tankers: STNG

Scorpio Tankers Inc

Industrial/Transportation, Energy


Presented:10/21/2019
Price:$33.43
Cap:$1.73B
Current Price:$66.70
Cap:$3.55B

Presented

Date10/21/2019
Price$33.43
Market Cap$1.73B
Ent Value$3.78B
P/E RatioN/A
Book Value$35.20
Div Yield1.2%
Shares O/S51.85M
Ave Daily Vol755,373
Short Int4.93%

Current

Price$66.70
Market Cap$3.55B
Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.

Product Tanker Industry: Scorpio Tankers Inc (STNG) - Short

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

Highlights

The presenter has been waiting for IMO 2020 as a catalyst to short shipping. While he sees some positives on the crude side, product tankers have “nothing going for them” currently. He believes that they are the best play leading into IMO 2020, as product tanker stocks have doubled recently, and he thinks they are trading well due to an exuberance that is unlikely to persist.

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Idea Discussion

Commentor 1 - 2 weeks ago

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