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Tanker stocks rose sharply this week as oil prices rose and investors saw the need to move more oil around the world. Not only is solid economic data in the U.S. pushing energy markets higher, but China's rising demand could also help. According to data provided by S&P Global Market I...
Summary Value Investor's Edge Live continues with an exclusive interview focused on the crude tanker segment of the shipping industry. Lars Barstad, CEO of Frontline, joined us in January 2023 to discuss the latest trends in the tanker markets along with specific company strategy and ca...
MONACO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Thursday, February 16, 2023, the Company plans to issue its fourth quarter 2022 earnings press release in the morning (Eastern Standard Time) and host...
Summary STNG has started the year on the wrong foot, falling by about 11% amid a notable decline in product tanker rates. The Baltic Clean Tanker Index has fallen by as much as 67% YTD and sustained weakness could adversely impact STNG's revenue and earnings outlook. Product ta...
Summary Value Investor's Edge Live returns in 2023 with an exclusive interview focused on the product tanker segment of the shipping industry. Jacob Meldgaard, CEO of Torm plc, joined us on 10 January 2023, to discuss the latest trends in the market and outlines company strategy and cap...
Summary Scorpio Tankers is engaged in refined petroleum seaborne transportation all around the globe. Strong market conditions are driving very high market rates. Company profitability and cash flow are very strong. High debt and corporate strategy pose a risk to future growth. ...
NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Capital Link hosted a presentation by the senior management of Scorpio Tankers Inc. (NYSE: STNG) on Monday, January 9, 2023. During a 45-minute session, Robert Bugbee, President & Director, and James Doyle, Head of Corporate Development & I...
Scorpio Tankers ( NYSE: STNG ) on Tuesday reported its first quarter 2023 and fourth quarter 2022 daily TCE revenues. In Q1 2023, LR2 had average daily TCE revenue of $72,250 in pool and spot market, and $30,060 outside of the pools. In Q1 2023, MR had average daily TCE revenu...
MONACO, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announces updates on fourth quarter of 2022 and first quarter of 2023 Daily TCE Revenues, and its Securities Repurchase Program. First Quarter of 20...
Scorpio Tankers ( NYSE: STNG ) notifies the purchase of its common shares in the open market; the President of the Company, Robert Bugbee, has purchased call options on the common shares of the Company; it has received a commitment for a new credit facility and the company will ...
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2024-07-23 15:15:03 ET Evercore ISI analyst issues UNDERPERFORM recommendation for STNG on July 23, 2024 01:02PM ET. The previous analyst recommendation was Underperform. STNG was trading at $76.995 at issue of the analyst recommendation. The overall analyst consensus : ...
MONACO, July 17, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) (“Scorpio Tankers,” or the “Company”) announced today that on Tuesday, July 30, 2024, the Company plans to issue its second quarter 2024 earnings press release in the morning (Eastern ...
MONACO, July 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that it recently repurchased 756,312 of its common shares in the open market at an average price of $78.07 per share under the 2023 Securities Rep...