NYSE:STNGOil and Gas
Assessing Scorpio Tankers (STNG) Valuation After Fleet Sales And Newbuild Purchase Plans
Scorpio Tankers (STNG) is reshaping its fleet, agreeing to sell four LR2 product tankers for US$285.8 million while signing a letter of intent to buy two scrubber fitted MR newbuilds for delivery in 2030.
See our latest analysis for Scorpio Tankers.
These fleet moves come after a strong run in the stock, with a year to date share price return of 52.87% and a 1 year total shareholder return of 96.83%. This comes even though the 30 day share price return is down 10.01%.
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