Scorpio Tankers Inc News - STNG

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Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2024 and the Declaration of a Dividend

MONACO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the...

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces That on October 29, 2024, the Company Plans to Issue Its Third Quarter 2024 Results and Have a Conference Call

MONACO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the...

REMINDER - Leading Shipping Companies Presenting at Capital Link’s 16th Annual New York Maritime Forum October 15, 2024, in New York City

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will...

Form 144 - Report of proposed sale of securities

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Announces Vessel Sale Agreement

MONACO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the...

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company

MONACO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the...

Leading Shipping Companies Presenting at Capital Link’s 16th Annual New York Maritime Forum October 15, 2024 in New York City

NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will...

STNG new 52 week high

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Brokemillwright 1 year ago

Picked up a bit at 51.50, according to newsletter this is the time for lowest rates and they are high, so if trend continues to where rates are normally highest in a few months $$$

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whytestocks 4 years ago

NEWS: $STNG Scorpio Tankers Inc. Announces Update on the Repurchase of Its Securities and a New $250 Million Securities Repurchase Program

MONACO, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced an update on the repurchase of the Company’s securities and a new $250 Million Securities Repurchase Program. Repurchase of Secu...

Find out more STNG - Scorpio Tankers Inc. Announces Update on the Repurchase of Its Securities and a New $250 Million Securities Repurchase Program

Zexcaliber 4 years ago

Should have more people on this board following this stock. May have some good returns next quarter! We need a following here.

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crudeoil24 5 years ago

Scorpio Tankers Inc. (Scorpio Tankers) is a Monaco-based company active in the oil transportation industry. The Company is engaged on the seaborne transportation of refined petroleum products in the international shipping markets. Scorpio Tankers operates through four segments: Handymax, MR (Medium Range), Long Range 1 (LR1)/Panamax and Long Range 2 (LR2)/Aframax. Each of the Company’s segments represents a different type of vessel with which it operates, with the total number of vessels being around 110. Handymax represents the smaller type of ship that the Company operates with, followed by MR, LR1 and LR2 being the biggest one. The Company operates with ships under its own ownership as well as finance leased or chartered-in.

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harkmi 5 years ago

What the heck! Picked up 200 to start @ $25.75
GLTA!

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whytestocks 6 years ago

News: $STNG Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2019 and Declaration of a Quarterly Dividend

MONACO, May 02, 2019 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers", or the "Company") today reported its results for the three months ended March 31, 2019. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.10...

Got this from https://marketwirenews.com/news-releases/scorpio-tankers-inc-announces-financial-results-for-the-first-quarter-of-2019-and-declaration-of-a-quarterly-dividend-8099656.html

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tdeck 6 years ago

How we doing here? Am I alone on this board too? Well I will talk to myself then, don't know if I am right but been loading last two days 1.78-1.82 seems like the rest of the market is too, LOL, just kidding but serious amounts loaded almost like a sub penny trip play, I think this may have a pop to 2.50+ we will see next week I guess.

Peace out.

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ClayTrader 6 years ago

* * $STNG Video Chart 08-20-18 * *

Link to Video - click here to watch the technical chart video

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ClayTrader 7 years ago

* * $STNG Video Chart 04-25-18 * *

Link to Video - click here to watch the technical chart video

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Chugit 7 years ago

Get Ready for Dilution. Take your profits now before share count is raised

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ClayTrader 7 years ago

* * $STNG Video Chart 04-11-18 * *

Link to Video - click here to watch the technical chart video

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benfrankledger 7 years ago

Scorpio Tankers (NYSE:STNG) had declared $0.01/share quarterly dividend, in line with previous.

Payable Dec. 28; for shareholders of record Dec. 13; ex-div Dec. 12.

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benfrankledger 7 years ago

Scorpio Tankers (STNG -0.6%) holds up well despite pricing its 30M-share public offering at $3/share; shares fell nearly 5% in after-hours trading following disclosure of the offering.

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benfrankledger 7 years ago

STNG, which was already heavily leveraged to the product tanker spot market when the acquired the Navig8 product tanker fleet this summer, is increasing the reward for an improvement in the market but also increasing the risk if such an improvement were to take more time to materialize.

But the firm remains long the shares, believing the supply/demand for the product tanker market remains poised for an inflection point and STNG is the favorite pure play on the space.

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benfrankledger 7 years ago

Stifel analysts reduce their STNG price target to $6 from $7, saying the company is "playing defense" in trying to bolster the balance sheet and liquidity ahead of a heavy debt repayment schedule (source: Briefing.com).

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benfrankledger 7 years ago

Scorpio Tankers (STNG -0.6%) holds up well despite pricing its 30M-share public offering at $3/share; shares fell nearly 5% in after-hours trading following disclosure of the offering.

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benfrankledger 7 years ago

STNG says its LR2 segment has been outperforming all other clean tanker sectors so far in the current quarter, with time charter earnings of ~$16.5K/day for 60% of the days, up 28% compared with Q3.

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benfrankledger 7 years ago

"Current spot markets are stronger than the guidance we've been given for the fourth quarter... we would have not gone through the effort of acquiring the Navig8 fleet without being bullish," STNG President Robert Bugbee said.

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benfrankledger 7 years ago

Scorpio Tankers is optimistic about its consolidation with Navig8 Product Tankers, as OPEC's surprising discipline is leading to significant global destocking and U.S. Gulf Coast refined product exports have restarted after Hurricane Harvey, the company said in its earnings conference call.

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benfrankledger 7 years ago

UBS sees oversupply risk as very low due to shipyard capacity reductions and a substantial amount of capital and lending that has left the shipping sector, and .the inflection point driving freight rates back toward average levels.

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benfrankledger 7 years ago

UBS thinks fundamental signals are pointing in a positive direction ahead of a 2018 inflection point, as product tanker demand is expected to grow 3% and outpace supply growth of 2.8%.

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benfrankledger 7 years ago

Scorpio Tankers (STNG -1%) is upgraded to Buy from Neutral with a $5.50 price target, raised from $4.50, at UBS, which says the company could benefit from a looming supply-demand inflection point for product tankers in 2018.

yep. Do see it's on year lows. I went into CPLP which worked out well. But maybe STNG worth another look.

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SmartMoney247 7 years ago

So..company raises 200M, has over 100 vessels and everyone's quiet....?

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geodan 8 years ago

lowering divvy has done wonders stock 4.38

Best thing in a year for the stock,

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geodan 8 years ago

Many great articles on STNG onAlpha,andRallyKeepsGoing

http://seekingalpha.com/article/4035287-scorpio-tankers-insiders-buying-rates-improve

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ClayTrader 8 years ago

* * $STNG Video Chart 02-13-17 * *

Link to Video - click here to watch the technical chart video

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geodan 8 years ago

Market loves it!HEAVY Volume too,ReplacementDivvyStock,ESOA

I sold the STNG bot last week in 3.60s for 3.98, keeping rest.

T, if you want a high divvy check out ESOA

3% divvy,sellingAT BOOK,DoublesEarnings,InRightSpot

Everything is right about ESOA, pipelines in growing areas +gov infrastructure. Q out today.

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tsoprano-1 8 years ago

I agree.

T

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value1008 8 years ago

I, too, was surprised-- probably the slashed divi makes this company less risky, and the announcement of shares repurchased, and debt covenants looking okay has reassured the mkt that STNG will survive this era of depressed shipping rates and s/price will bounce back robustly whenever shipping rates improve.

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tsoprano-1 8 years ago

Now there is an unexpected result, up .50 so far. Nice.

T

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value1008 8 years ago

Q4 and yearly results posted; not quite as bad as analysts had predicted, but dividend was slashed for Q1 to just $0.01. Pre-mkt trading was very briefly down to lower $3.20s, but now back up to $3.40s. Obviously any investor in STNG and other shippers is looking forward to at least late 2017 or, more likely, 2018, when these names should skyrocket on (hopefully) better supply/demand dynamics.

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tsoprano-1 8 years ago

Thanks, I agree. Hoping to get a dividend announcement next week. Of course, they could suspend one q to enhance balance sheet. But that could be an opportunity.

T

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geodan 8 years ago

STNG presentation and last4Qs,TripleIsInOrder

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:

2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30
Relevant Numbers (Quarterly)
Revenues (mil) 114.34 137.21 165.13 178.4 228.14
Revenue Growth (%YOY) -49.88 -27.19 2.75 41.88 175.23
Earnings (mil) -27.12 3.85 28.03 34.21 85.25

So basically STNG grew like a weed for 3 years, then in 2016 has had lower sales 4 Qs in a row and in last Q lost money for first time.

http://www.scorpiotankers.com/corporate-presentations the newest one on that list shows they have newest fleet in the world with best fuel economy and lowest polution. That older tankers are being scrapped by others.

Their fleet is about 2 years old! and huge. And they are building more. That means going forward they will be the low cost leader in terms of operating costs. So unless they go broke they will prosper going forward. Being banks just gave them more money JMHO they will not go broke. In 2010, 2011, 2013, 2014 and 2015 they traded over $10 a share during a portion of those years.

Revenue 12/31/2015 12/31/2014 12/31/2013
Total Revenue 755,711 342,807 207,580
Cost of Revenue 174,556 78,823 40,204
Gross Profit 581,155 263,984 167,376

In 2016 they have much more revenue that in either 2013 or 2014, when it traded over $10. We are at $3.58 now. A stock triple seems in order as this cycle low will come to an end like prior one did.

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tsoprano-1 8 years ago

In response to your message on BWMG board(I am only allowed 1 post per day per board):
I agree, I had a good day too. Of course, BWMG up 40% helps.

T

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geodan 8 years ago

Do not know, but the money does not disappear, no divvy more cash on balance sheet.

I bot a few more today. At all time low, at .42 times Book. And econ in China is going up.

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tsoprano-1 8 years ago

Geo, how confident are you that we will see a dividend? No announcement yet. Have a little liquidity and was thinking STNG, but a div cut could be real bad. So I thought I would check in with the oracle. What do you think?

T

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tsoprano-1 8 years ago

Joined you with some yesterday at 3.73. Hoping for a pop when div info is announced. Of course, if they cut div we will be able to buy even more at cheaper prices. Not hoping for that, though.

T

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geodan 8 years ago

bot more 3.93 just see no reason for this drop.

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geodan 8 years ago

within 10% of low now. Oh well

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tsoprano-1 8 years ago

Thanks, did not see that. But, you are probably right about it bringing down sector.

T

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newmoon4 8 years ago

NAT cut its dividend yesterday. Probably brought the sector down.

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geodan 8 years ago

I was surprised at drop today, see no reason for it. The recent news is this:

08:02 AM EST, 01/19/2017 (MT Newswires) -- Scorpio Tankers(STNG) said early Friday it has secured commitments for a loan facility of up to $172 million from a group of financial institutions.

The loan facility, which comprises multiple tranches, will be used to finance up to 60% of the market value of eight MR product tankers under construction at Hyundai Mipo Dockyard. The tankers are scheduled for delivery in 2017 and 2018.

The maturity date of each tranche is between six and 12 years from its respective drawdown date, and the facility bears interest at LIBOR plus a blended margin of 2.02% per annum.

The group of lenders include the Macquarie Bank in London, DekaBank Deutsche Girozentrale, The Export-Import Bank of Korea and Garanti-Instituttet for Eksportkreditt, the company said in a statement.

Which indicates they are expanding and the banks trust in their future. Its strange that it dropped today.

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tsoprano-1 8 years ago

Geo, what do you think, buying opp down here or is there good reason for dip? I have not seen any PRs or articles saying anything bad. Are rates going down for shippers?

T

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tsoprano-1 8 years ago

Agreed. One of those to stick in a drawer and leave for a year or two.

T

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geodan 8 years ago

STNG looks great on chart, cup and handle breakout today, good value great divvy

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geodan 8 years ago

Merry Christmas T. Yes STNG looks like winner, plus great divvy.

Have you checked out FCHS? Did writeup on it on its board here, best growth stock know of.

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Scorpio Tankers Inc (STNG)

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STNG News

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2024 and the Declaration of a Dividend

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces That on October 29, 2024, the Company Plans to Issue Its Third Quarter 2024 Results and Have a Conference Call

REMINDER - Leading Shipping Companies Presenting at Capital Link’s 16th Annual New York Maritime Forum October 15, 2024, in New York City

Form 144 - Report of proposed sale of securities

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Announces Vessel Sale Agreement

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company

Leading Shipping Companies Presenting at Capital Link’s 16th Annual New York Maritime Forum October 15, 2024 in New York City

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Announces Vessel Sales Agreements and a New Time Charter-Out Agreement

STNG Discussion

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Scorpio Tankers Inc (STNG)

Professional-Grade Tools, for Individual Investors.

STNG News

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2024 and the Declaration of a Dividend

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces That on October 29, 2024, the Company Plans to Issue Its Third Quarter 2024 Results and Have a Conference Call

REMINDER - Leading Shipping Companies Presenting at Capital Link’s 16th Annual New York Maritime Forum October 15, 2024, in New York City

Form 144 - Report of proposed sale of securities

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Announces Vessel Sale Agreement

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company

Leading Shipping Companies Presenting at Capital Link’s 16th Annual New York Maritime Forum October 15, 2024 in New York City

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Inc. Announces an Update to its Securities Repurchase Program

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

Scorpio Tankers Announces Vessel Sales Agreements and a New Time Charter-Out Agreement

STNG Discussion

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