NYSE:STNGOil and Gas
Scorpio Tankers (STNG) Stock Could Trade At A Discount On Earnings But A Premium To Fair Value
After a very strong 5 year run, with Scorpio Tankers up about 450%, the stock now sits in a zone where its market price and intrinsic value estimate look broadly aligned rather than clearly cheap or expensive.
The 5 year total return of roughly 450% puts Scorpio Tankers among the stronger performers in the sector, which naturally raises the bar for what counts as good value today.
The recent move to replace higher coupon unsecured notes with a lower cost, asset backed credit facility can...