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Scorpio Tankers Inc STNG

Scorpio Tankers Inc is a Monaco-based provider in the transportation of refined petroleum products. The Company involves in the oil, seaborne transportation of refined petroleum products from the tanker industry to the international shipping markets. It operates through four segments: Handymax, MR (Medium Range), Long Range 1 (LR1)/Panamax and Long Range 2 (LR2)/Aframax. It consists of 113 wholly owned, finance leased or bareboat chartered-in tankers (39 LR2, 60 MR and 14 Handymax). The segments represent a different type of vessel being around 110 with which it operates with the smaller and bigger type of ships that include Handymax, MR, LR1 and LR2 under its own ownership as well as finance, leased or chartered in.


NYSE:STNG - Post by User

Comment by LonghandStrongon Dec 28, 2021 12:34am
355 Views
Post# 34264919

RE:amk and stng

RE:amk and stng
here's my guess and prediction here (after watching amk run drill programs year after year). Unless they pull a rabbit from hat at Dunny.... Slow slide. If no drill program next year, really slow slide, to 3c. Then nothing but PP for the next bunch of years. Life support. On the bright side, .amk exec was able to limp her along for 10 years in a way tougher market before TC, so we know they are good at limping! There's a small amount of hype in the Wildhorse, and around Moyie, if someone else got into something big up there, they could maybe parlay gold hill into something? Grab samples, geo-chem, trenching, Meh. Hopey Changey. I can't see anyone giving them any real $ for Dunny bit unless they smash it on next run. I suppose they could sell the TUD stock sitting in the treasury. Last results were meh, more of the same won't be that exciting to anyone IMO. Anyhow, I jumped luckily at 21.5 tossed those freebies to the pool. All above just an opinion, do your own dd, not saying buy or sell, and I don't have a position.
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