Scorpio Tankers Inc. (NYSE:STNG)
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- gmj: $TNK, $GNK,$STNG shippers wkng own $TNK
- wijimmy: $STNG, $TNK ... nice 5 day run.. on these 2 tankers.. making new highs.....
- Mikev200: $STNG hod strong close
- sierramp: @Mikev200 $STNG Looks good on the Weekly too. Might still form a handle or maybe Nov/Dec was the weekly handle. 46% net margin, wow.
- Docoof: Tankers making new highs: $TK $SFL $LPG $STNG $TNK
- joelsg1: @Docoof $TK $SFL $LPG $STNG $TNK Your old fave $STNG broke out. Those large CEO buys paying off.
- phgruver: @ZMan2 $STING Did you mean $STNG?
- ZMan2: @phugrver Thanks, $STNG
- champ: $LPG $TNK $STNG...tankers are also Happy today.
- champ: $LPG....HOD....BreakOut....they will be reporting earnings in the morning....... ...$TNK is also HOD..... ...$STNG....is also around HOD...... ~~~~ These stocks are Oil Tankers....
- champ: $STNG...is HOD....and this is a play off of both $$LPG and $TNK earning reports in the morning.
- champ: Because the Markets had a decent #FOMC-day, I guess, we would have to expect a bounce in the morning, however the Markets never does what is expected....but maybe this time it will. ~~~ And I'm swinging risk again, with these Hope-trades, after taking some profits off, so I have swing-insurance on these trades ...$SSO $TQQQ $XOP $CZR $INTC $STNG.
- wijimmy: $LPG, $WFRD, $TNK, $STNG, $TDW .. OIL Stocks gaining same interest.....
- Docoof: @wijimmy $LPG $WFRD $TNK $STNG $TDW A few others: $TK $NAT $OSG
- champ: $TNK $STNG $LPG.....#Oil-Tankers are making a nice move this morning.
- wijimmy: @champ $TNK $STNG $LPG #Oil-Tankers ...$FYI.....Was trading and typing to FAST earlier to mention tankers and not just OIL... ... beware.... report earnings $LPG, $$TNK, 11/2 before...and $STNG .. 11/9... ..... ..and @Docoof mention a few others that look nice $TK $NAT $OSG A few others: $TK $NAT $OSG
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DAN: ...
Teekay Tankers ($TNK) -- Watch this at $46.50. That matches the August high within a very long base that began in March. The stock is in a secular uptrend with some narrowing of the 50- and 200-day moving averages. The weekly chart looks good wit ... - efrain007: @DAN $GOOGL $MSFT $DJI $TNK $STNG $FTI @Dan RE: $TNK On their website the last two quarters they announced the earnings release date one week in advance. I suppose if one wants to own it they can check their website daily. No guarantee of course, but an option.
- DAN: @efrain007 $GOOGL $MSFT $DJI $TNK $STNG $FTI OK! Thanks efrain007.
- champ: $STNG....HOD....Tanker Co.
- champ: $STNG ...Traders are at Work, old Trade, that I'm still holding. $FMC....Investors are at Work, new Trade, that I'm still holding. However in real time, #New always works better than #Old and we should all know that...because New is picking-up more New investors, because it has New-timings and Old has late-timings Thats how thats always works.
- champ: $XOP $STNG....the U.S. is going to import more Oil from Venezuela and what that means is.....the U.S. doesn't have #enough Oil.....and the price of Oil and Tanker rates are probably going to keep going higher.
- champ: $STNG...this Tanker is HOD, still zigzagging higher.
- marklesparkle: @champ $STNG I took your $STNG idea the other day . Its working nicely TY.Im taking some off with 5%
- champ: $STNG is really dancing around.
- champ: $STNG....is HOD....#Scorpio-Tankers is looking strong.
- champ: $STNG....
- champ: $STNG...nice and my guess is, Oil-Tanker rates are climbing.
- maracom: #Tankers having some positive moves off their lows $TNK $SBLK $GRIN $EURN $TRMD $STNG $DHT $INSW $TNP
- champ: @maracom $TNK $SBLK $GRIN $EURN $TRMD $STNG $DHT $INSW $TNP #Tankers.......$LPG is a Tanker company also.
- Eng_trader: Nota an ideal setup, but $STNG looking pretty good in this market, pushing above the 200 DMA. Took at starter position this morning
- Mounty: Tankers holding up as well $TNK, $ASC, $STNG, $INSW, $DHT etc
- bwcarnation1: $STNG moving on vol small W just below 200d
- scottrades: Some earnings to be aware of next week: $AAPL $SOFI $AMD $NCLH $UBER $SHOP $PFE $F $ON $AMC $SQ $CVS $YUM $ANET $QCOM $COIN $DKNG $ALB $CHKP $BP $BUD $DDOG $MRNA $ET $RCL $SEDG $ACMR $SMCI $MELI $GPN $SBUX $CNA $MGM $MAR $WBD $RIG $PK $MPC $FANG $EPD $NVO $PTON $STNG $FUBO $LNG $AMG $CAR $WEC $LYFT $LUMN
- joelsg1: @Docoof $ARI BTW, oil down but $STNG working, again. That CEO must be making bank.
- RD: $STNG Any thoughts on STNG?
- joelsg1: @RD $STNG Been looking again at this one, sitting on the 20d/w. Must have incredible cash flow through higher rates as they recently repurchased shares at $54.41, exercised purchase options on 6 ships while somehow also reducing debt. And as discussed previously CEO has large call options I think expiring next week at $55, 60. Np, yet.
- RD: @joelsg1 $STNG Thanks!
- swingbound: @fiebs $STNG $USEA #2 Thanks for yesterday's tip of the day . I entered at the 100 and we can see the resulting pop . best , Will
- fiebs: $STNG $USEA What is happening to the tanker stocks today?
- geothrills: @fiebs $STNG $USEA Looks like they're... tanking. ^_^ ... sorry, couldn't help myself.
- mharps: @fiebs $STNG $USEA maybe drop in oil ?
- camaro69: @geothrills $STNG $USEA Thanks for the laugh!
- woodman: @fiebs $STNG $USEA - I'm completely out of the #Tankers. The sector sprung a leak and has fallen through support. Many had been steadily weakening before the new year, but yesterday was particularly a bad day for those that hadn't yet caught the sickness.
- woodman: @mharps $STNG $USEA https://www.freightwaves.com/news/crude-tanker-rates-down-double-digits-after-russia-sanctions-debut
- swingbound: $STNG This is day #2 of the break lower now well below the 50SMAD . Its conceivably near ascending support in line with similar dips below the 50 but I'd expect more downside based on the trajectory . I got stung getting out . $USEA This has more than 50 - 50 odds of a test into the 50SMAD from here . I bailed once and then bailed again ... but she's ( a typical ship reference not intended as a gender slight ) going lower IMHO .
- fiebs: @swingbound $STNG $USEA #2 Thanks for your insights. $STNG Previous dump days on high volume has been good days to get in with moves higher. It has always stayed above the 100EMAD. I am going to keep my stop at the 100EMA to see if it repeats.
- swingbound: @fiebs $STNG $USEA #2 OK , good to have your input ... I'll watch the 100 as well , best to you . Will
- MongosPawn: @swingbound $STNG $USEA #2 FYI - My stop was hit yesterday on $USEA when in broke through the 21dma. Today my last stop on $STNG was hit as it broke through the 50dma. Both stocks worked in my favor but am a bit disappointed that this ride has ended so abruptly.
- swingbound: @MongosPawn $STNG $USEA #2 Thanks for your view . I value your input . We will see if $STNG can rally off the 100SMAD . best , Will
- Docoof: 🦂 🦂 #Tankers #News 🦂 $STNG announced after hours that 🦂 (i) it has purchased its common shares in the open market, (ii) the President of the Company, 🦂🦂 Robert Bugbee, has purchased call options on the common shares of the Company, (iii) it has received a commitment for a new credit facility and (iv) the Company will participate in at least six investor events during the first quarter of 2023. 🦂🦂🦂 🦂 The President of the Company, Robert Bugbee 🦂, has purchased call options on 400,000 common shares (or 4,000 call option contracts) of the Company with a strike price of $40.00 for total consideration of $4,408,000. The call option contracts have an expiration of April 2023. 🦂🦂🦂 https://www.globenewswire.com/news-release/2023/01/04/2583326/0/en/Scorpio-Tankers-Inc-Announces-Repurchases-of-Shares-Purchase-of-Call-Options-by-the-President-of-the-Company-a-New-Credit-Facility-and-Participation-in-Upcoming-Investor-Events.html
- joelsg1: $STNG Announced they bought back 390k shares at $52.82.
- Justhanging48: @joelsg1 $STNG Picking up a little at the 50d, well below the company buy back average.
- joelsg1: @Justhanging48 $STNG In a daily channel dating back 6 months, currently $49-58 wide. Long.
- joelsg1: $STNG Bouncing off 50d above vwap. No tax loss harvesting here. Long.
- Docoof: @joelsg1 $STNG Me too :-)
- sierramp: @joelsg1 $STNG Me too.
- camaro69: $STNG moving nicely
- phgruver: @Docoof $STNG #Tankers Not all #Tankers are created equal. $NAT reported on 12/2, and missed expectations by 20%! ...OK, it was only a penny, but in this environment, how could they miss at all? Only $.05/share? I know $NAT was originally designed to "loose" money, but make significant cash flow off depreciation, but this is getting ridiculous. "When you see money laying on the floor, pick it up!" (I think that was Warren Buffet, but I'm not totally sure.)
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Docoof: #Tankers Evercore on $STNG’s Dec 14 update:
$STNG provided a late-quarter operational update yesterday on myriad topics, including: quarter-to-date rates (with upside to prior estimates and further strengthening as the period draws to a close) ... - swingbound: $USEA this found typical support at the 8EMAD . It is at the ~4.10 support pivot, bottom of the Daily base . An increasingly imminent 8EMAD cross with the support Fib could be a trigger for continuation and a potential entry . ( woodman ) $STNG Retesting the recent breakout area from an ascending Daily base . ( Docoof)
- Docoof: @Docoof $STNG #Tankers Jefferies on $STNG’s update (excerpt): Free cash flow growing rapidly; raising target to $68: Scorpio is one of our top picks, with significant upside in our opinion. Management disclosed having bought back $28.7 million of stock under its $250 million buyback program, and we expect further repurchases to continue. We are raising our price target from $65 to $68, based on our forward NAV assessment and reiterate our Buy rating.
- Docoof: $STNG NH
- swingbound: @Docoof $STNG I add to this at each good opportunity . It has climbed above the upper BB rising above an ascending base .. its a technical breakout .
- fiebs: $STNG breaking out this morning on high volume
- Docoof: @fiebs $STNG They are hosting a conference call right now on an “Update on Q4 2022 Events, Including Q4 2022 Daily TCE Revenues.” https://www.globenewswire.com/news-release/2022/12/14/2573478/0/en/Scorpio-Tankers-Inc-Announces-Update-on-Q4-2022-Events-Including-Q4-2022-Daily-TCE-Revenues.html
- joelsg1: @Docoof $STNG They bought back stock at $51 and ships they had sold and leased back 4 years ago because the interest rate spread was too onerous; sounds bullish to me!
- bb_b: $stng staying strong
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Docoof: #Tankers $STNG — BofA, out with a note around market close. Excerpt:
Scorpio Tankers Inc. Rates jump to $100k/day stratosphere; Next catalyst: Feb 5 Russia ban; PT to $75 Reiterate Rating: BUY | PT: 75.00 USD | Price: 56.36 USD
*Tanker rates ... - Docoof: #Tankers $STNG New 5-yr high.
- scottrades: Here are some #earnings for the week. $ORCL $ADBE $COUP $UTI $ACN $JBL $DLNG $PLAB $DRI $CNM $LEN $FLNC $PHX $BLBD $JOAN $NOTV $MMMB $WEBR $MESA $APDN $REVG $WGO $BRZE $ABM $RICK $TCOM $CLSK $ASPU $STNG $VNCE $PL $NDSN $NX $ARQQ $IPA $LPTV $LIVE
- issues: @scottrades $ORCL $ADBE $COUP $UTI $ACN $JBL $DLNG $PLAB $DRI $CNM $LEN $FLNC $PHX $BLBD $JOAN $NOTV $MMMB $WEBR $MESA $APDN $REVG $WGO $BRZE $ABM $RICK $TCOM $CLSK $ASPU $STNG $VNCE $PL $NDSN $NX $ARQQ $IPA $LPTV $LIVE #earnings Scott I still have not received this weekend's video. I read the post above from Docoof who already received it but I still don't have it. Any idea when I might expect to receive it in my email?
- swingbound: @mharps $ASC ... a $STNG - like ( a butterfly ? ) recovery ... looks like a winner . grats ! Will
- Docoof: $NETI This has been holding up quite well. The company, Eneti Inc., provides vessels and equipment for the construction and installation of offshore wind farms: Eneti’s next generation of wind turbine installation vessels. Eneti’s CEO is also the CEO of $STNG.
- veghead: $STNG nice recovery
- woodman: @veghead $STNG - $GLOP nice bounce off the 50d and green. Still inside of yesterday.
- swingbound: @woodman $STNG $GLOP Daily view of $GLOP with Weekly markers : Fuscia segment is approximately the 200SMAW overhead to overcome at the breakout level
- woodman: @swingbound $STNG $GLOP - I'm not a fan of the chart. But I do note it's a weekly flag with 200w resistance. It fell out of the flag on the weekly, but has bounced back to get just back into it. And the point of bounce is horizontal support at the June highs (prior resistance). I have no position and don't plan on buying it.
- swingbound: @woodman $STNG $GLOP OK , good then . I find only the BO level of significant interest . best , Will
- Docoof: @woodman $USEA 7 made NHs today: $EURN $FRO $TNK $STNG $TRMD $ASC $PXS
- woodman: @Docoof $USEA $EURN $FRO $TNK $STNG $TRMD $ASC $PXS - They continue to cook. I have a mini-ETF, LOL. Keep up the good work, buddy!
- Docoof: @woodman $USEA $EURN $FRO $TNK $STNG $TRMD $ASC $PXS Thanks, my friend!
- joelsg1: @Docoof $STNG #News #Tankers Just means that convertible bondholders exercised their option to convert the debt into shares, which they had the right to do since the stock price vwap exceeded about $46.88 for at least 20 of the past 30 trading days. That's per the 3/19/21 press release when that debt was issued, as a rollover of a past bond. Bullish, if anything, as converting shareholders are taking the risk of holding the shares, trading in effect price appreciation plus the current 40 cent annual divi for the guaranteed 3% bond return.
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Docoof: @joelsg1 $STNG #News #Tankers
Thank you very much for responding. :-) Below is the post I deleted. (Thanks again.)
#Tankers $STNG
Scorpio Tankers Inc. Announces Conversion of the Convertible Bond due 2025
MONACO, Dec. 05, 2022 (GLOBE NEWSWIRE) -- ... - joelsg1: @Docoof $STNG #News #Tankers #Tankers Letting you know I appreciate the info, as I am long shares and call spreads, and researched what I could.
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Docoof: ...
Among the public companies that transport crude are Euronav ($EURN) and Frontline ($FRO), which are expected to merge next year. Others, including Ardmore Shipping ($ASC) and Scorpio Tankers ($STNG), specialize in refined products such as diesel, an ... - joelsg1: $STNG Added shares.
- lauralynnee: @joelsg1 $STNG That weekly chart is no drama, I like it!
- joelsg1: $STNG Added Jan. $55-60 call spreads, following CEO.
- swingbound: $STNG ... this is a technical breakout .. added thanks to joelsg1 ( Docoof )
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DAN: ...
$STNG -- $54 is the top. Watch for a pullback buy opportunity. Don’t be buying at the upper BBand.
$CALX -- Starting to break out of a squeeze. Watchable.
- Docoof: #Tankers $STNG When some version of the following is announced, it typically bodes well for the stock: (10 mins ago) Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company — MONACO, Nov. 30, 2022 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. announced that the President of the Company, Robert Bugbee, has purchased call options on 400,000 common shares (or 4,000 call option contracts) of the Company with a strike price of $55.00 for total consideration of $1,187,000. All of the call option contracts have an expiration of January 2023. https://www.globenewswire.com/news-release/2022/11/30/2565480/0/en/Scorpio-Tankers-Inc-Announces-Purchase-of-Call-Options-by-the-President-of-the-Company.html
- joelsg1: @Docoof $STNG #Tankers That there is some actionable info, thank you Sir. Press release from Monaco, a first for me. about itm call options with a potential exercise next year, don't see that in the future insider transaction disclosed often.
- sgiseller: @Docoof $STNG #Tankers They have had quite the run, only up 300% ytd
- Docoof: @joelsg1 $STNG #Tankers They announce this somewhat regularly. The first time it happened I had to ask bR (it doesn’t matter, but I really miss him very much) for some kind of explanation because I didn’t know what it meant. Here is an earlier one from this month: https://www.scorpiotankers.com/scorpio-tankers-inc-announces-purchase-of-call-options-by-the-president-of-the-company-9/
- joelsg1: @Docoof $STNG #Tankers Even more interesting. He's laddered up Jan. $50-60 calls, most at 55. Probably follow in those tomorrow.
- Docoof: @joelsg1 $STNG #Tankers BTW, Robert Bugbee, $STNG’s President, who purchased those options, said, on Nov 17, at the Marine Money’s New York Ship Finance Forum: “The party hasn’t even started yet. The host may be drinking a couple of drinks but nobody has come yet. They are at the pub, waiting to go to the party later. The stress hasn’t even begun to be put on the product-tanker market. “What we are worried about and I’m sure some of the other people here are worried about is that this gets too good. This could get crazy. We cannot do the mathematics now to get required [future] demand for products to match the ships able to transport it.”
- Docoof: #Tankers This morning, Jefferies analyst Omar Nokta raised the price targets on Buy rated tankers: $DHT $11 to $12 $FRO $16 to $17 $INSW $53 to $55 $TNP $25 to $26 $STNG $60 to $65 $EURN $20 to $21 Omar Nokta, Jefferies: “Tanker equities are currently valued at a free cash flow yield of 25% on 2023 earnings. We find this quite attractive as the majority of tanker companies have highlighted return of capital as the key priority going forward.” Reporting tomorrow before: $FRO and $NAT
- woodman: @Docoof $DHT $FRO $INSW $TNP $STNG $EURN $NAT #Tankers - I ignored the urge to sell my #Tankers yesterday. Thankfully.
- Docoof: @Docoof $ASC $EURN $FRO $TNP $DHT $NAT $STNG #Tankers Oil Freight at $100,000 Piles Pressure on Crude Markets (Bloomberg, Nov 22) Earnings on the industry’s benchmark trade route breached $100,000 a day on Monday, the highest since early 2020 when Covid-19 caused a surge in tankers storing cargoes. With sanctions on Russia now forcing ships to take longer routes — drying up the pool of available vessels — oil companies and traders are having to pay ever-higher prices to transport cargoes. https://finance.yahoo.com/news/oil-freight-100-000-piles-090926163.html
| Stock Price | $68.46 |
| Change | -3.28% |
| Volume | 745,865 |
Scorpio Tankers Inc. provides seaborne transportation of refined petroleum products and crude oil. Its fleet consists of 14 wholly owned tankers. It currently has 14 wholly-owned vessels and contracts for the construction of 33 additional vessels.
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