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Bullboard - Stock Discussion Forum 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... see more

NYSE:STNG - Post Discussion

Scorpio Tankers Inc > sedar 31 may 2021
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Post by phantoms on Dec 31, 2022 12:23pm

sedar 31 may 2021

lithium,look at sedar 31 may2021  md and at number 9 commitment. it was mentionned are in default for the options agreement. i suppose for not doing any work on those 3 properties  . stng renegociated lately and paid to modifie the agreement.this is just the fact. why  bashing when i hold some shares. happy new year.
Comment by HIGHonLITHIUM on Mar 21, 2023 3:14pm
From more recent filings you can see that the option agreements have been renegotiated. And the terms are much much better. A rough market does present some opportunities for dealing and management must have been on top of it. And the agreements are all in good standing. You can see that from the filings too. So keep it factual and current. 
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