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Gpap90
May 7, 2020 5:04 AM

Gimme hope Joanna gimme hope for this ship to turn around! 

Scorpio Tankers Inc.NYSE

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Hey all,

As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i expect the oil to find a balance around here? So with so much stored oil.. the ship rates are going to go down for the upcoming 3-6 months. Last chance for STNG in the upcoming hours to see where this is heading...
Comments
jmoral19
Is about to turn.....
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