Last three earnings were better than expected. They have Most Modern Product Tanker Fleet in the World .While a significant portion of the global MR and LR fleets are older than 15 years of age, the Scorpio fleet has an average age of 5.1 years Oil and Refined Product Demand Expected to Continue to Recover through 2021. maybe global oil demand hit its bottom in...
STNG is attempting to break free of a possible Wyckoff Accumulation base, if successful, the projection based on Elliotwave theory, suggest the potential to return 4x the risk amount, if entered within the current price range. David is a swing trader with over 15 years of experience in the equities markets. A promoter of proper Risk Management thru Position...
Crossed bullish indicator and using it now as support. Institutional ownership ascending, directives are shareholders. Shipping industry is bullish after COVID international shipping resumes
Bullish trendline in place since October broke after rejecting 200 day, 50 day and 20 day in a week. Price target previous floor
Up trend, vaccine, winter rates, 250M available for company buybacks, demand recovery, etc Closing above 12.64 will trigger short covering and a potential epic squeeze.
Oil Tankers have experienced a lot of uncertainties due to the pandemic in 2020, however it is clear that the worse is behind us. Oil it will slowly drift higher and so tankers like Scorpio will benefit from that. My primary target for STNG in the next 6 months, is on its immediate major FIB level, around $18. Let's wait and see how it will go in the next couple months.
Maybe we needed good news not to sink under the covid-19 collapse