Scorpio Tankers price target raised to $50 from $42 at BTIG 18:55 STNG BTIG analyst Gregory Lewis raised the firm's price target on Scorpio Tankers to $50 from $42 and keeps a Buy rating on the shares. The analyst cites the company's "strong" bookings and long term outlook. Lewis adds that the setup for Q3 looks even better than Q2 as Scorpio Tankers Management noted that global inventories continue to run below longer-term average levels.
BUY THE GOLAR STONEY!!!!! They just increased tonnage of liquified natural gas by 200,000 tons per year on one contract. Do you know how much vaporized natty 200,000 tons of lng makes? Enough to power German industry all winter! BUY THE GOLAR!!! Scorpio doesn't even move LNG.
Scorpio Tankers shares have added about 222.3% since the beginning of the year versus the S&P 500's decline of -15.6%. This doesn't seem like you Van.
Tanker stocks have more room to run, says B. Riley 07/06 INSW, KNOP, NAT, STNG B. Riley analyst Liam Burke says the tanker stocks have more room to run. With the tanker sector recovery lagging both the container and dry bulk sector performances, share upside in the sector has further follow-through, Burke tells investors in a research note. Entering an environment of improving rates, the tanker operators have strengthened balance sheets and optimized fleet assets to maximize the return on assets and free cash flow, says the analyst. He believes the sector is in a "relatively early stage of recovery" and that there is more upside to the shares of tanker operators with crude tanker rates seeing further recovery in the second half of 2022. Burke has Buy ratings on International Seaways (INSW), Knot Offshore Partners (KNOP), Nordic American Tankers (NAT) and Scorpio Tankers (STNG).
WAIT TILL SEEKING ALPHA'S WRITERS, AND CRAMER(!!!) READ THE SAVANT'S THREAD WITH THIS PREVIOUSLY UNHEARD OF LNG PUREPLAY WITH A STELLAR BALANCE SHEET. EDIT: Now you know if our boy B. Riley likes LNG shipping, the savant has uncovered a goldmine.
How many Tankers does Scorpio have? 131 Scorpio Tankers is a leading international provider in the transportation of refined petroleum products. The Company's fleet consists of 131 wholly owned, finance leased or bareboat chartered-in tankers(42 LR2, 12 LR1, 63 MR and 14 Handymax). Golar has 1 ship for LNG. https://www.golarlng.com/fleet.aspx
THIS IS NOT LNG. Europes in a recession, containerized cargo rates dropping. LNG>>>> To the Moon as Putin will most certainly try to freeze Europe to death this winter. Global warming won't help The Alps Stoney!!!