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Scorpio tankers STNG
Posted: Thu Jan 18, 2024 4:13 pm
by Fraser921
They move finished products, gasoline & diesel
They benefit from Red Sea mess
https://x.com/christankerfund/status/1748078700137156757?s=46&t=pgzzFESpRCcPkSe1KLcphQ
Re: Scorpio tankers STNG
Posted: Fri Jan 19, 2024 12:29 pm
by aja57
Fascinating that rates doubled but the PT only went from 68 to 70.
I like the company , Fraser but I’m an old man of 66 and need income. My fab 3 are INSW, TRMD and LPG for growth and income. My growth shipper is GASS which I hope will become the next LPG.
Re: Scorpio tankers STNG
Posted: Fri Jan 19, 2024 5:49 pm
by Fraser921
I like the names you mentioned except GASS.
(Governance reasons)
Stng wants to get debt down before they start paying dividends. I expect them to have a payout policy in q2
Re: Scorpio tankers STNG
Posted: Mon Jan 22, 2024 4:34 pm
by aja57
While you are waiting for oil and nat gas to rise in price ,check into the shipping industry. Unlike the IEA which manipulates the price of oil in conjunction with CTAs, there doesn’t seem to be an entity comparable in the shipping industry. And with all the mayhem in the world, shipping rates unlike oil is up 23% YTD.
https://www.wsj.com/articles/ocean-shipping-rates-surge-as-red-sea-attacks-continue-2c21beeb