Scorpio Tankers Stock Price, News & Analysis

Scorpio Tankers (NYSE: STNG) announced participation in three major investor events in March 2022, aimed at enhancing investor relations. Events include a conference call on March 4 with Bank of America Securities, the DNB Energy & Shipping Conference on March 7-8, and the 16th Annual Capital Link International Shipping Forum on March 28-29. The company operates a fleet of 129 product tankers, with an average age of 6.1 years, and plans to sell several vessels by the second quarter of 2022. For more information, visit scorpiotankers.com.

Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased 200,000 call options on its common shares for $476,000. The options have a strike price of $16.00 and expire in July 2022. Scorpio Tankers operates a fleet of 131 product tankers, with recent agreements to sell 12 LR1 and 2 MR tankers, expected to close by Q2 2022. The company aims to enhance operational efficiency through these sales. This strategic move underscores the company's focus on optimizing its asset portfolio amidst fluctuating market conditions.

Scorpio Tankers (NYSE: STNG) reported a net loss of $46 million for Q4 2021, a decrease from a loss of $76.3 million in Q4 2020. The adjusted net loss for the quarter was $43.7 million, excluding specific write-offs. For the full year, the company incurred a net loss of $234.4 million. Despite these losses, Scorpio's TCE revenue rose to $147.9 million in Q4, a slight increase from $138 million in 2020. The board declared a $0.10 quarterly cash dividend per share and plans to raise approximately $189 million from the sale of vessels.

Scorpio Tankers (NYSE: STNG) will release its fourth quarter 2021 earnings on February 14, 2022, with a conference call at 8:30 AM EST. The conference will be available online and via telephone, encouraging participants to register ten minutes prior. The company operates a fleet of 131 product tankers, having recently agreed to sell 12 LR1 and two MR tankers, expected to close by Q2 2022. Scorpio Tankers emphasizes the uncertain nature of forward-looking statements in its communications regarding business expectations and future performance.

Scorpio Tankers (NYSE: STNG) has announced the sale of 14 vessels, comprising 2 MRs and 12 LR1s, for a total of approximately $467.2 million. This transaction is expected to raise about $189 million in liquidity, increasing the company's total liquidity to approximately $477.9 million. The sales are projected to close in Q1 and Q2 of 2022. Additionally, Scorpio Tankers is negotiating refinancing to boost liquidity by up to $27 million. Estimated daily TCE revenues for Q4 2021 are reported at $14,000 for LR2 and LR1 vessels, and $11,600 for MR vessels.

Scorpio Tankers (NYSE:STNG) announced participation in Capital Link’s Corporate Presentation Webinar on January 26, 2022, at 11 AM EST. The senior management team, including President Robert Bugbee and Senior Analyst James Doyle, will discuss current operations, business development, and growth prospects in the tanker sector. Interested participants can register for the webinar and submit questions. Scorpio Tankers provides marine transportation of petroleum products and operates a fleet of 131 tankers with an average age of 6 years.

On December 17, 2021, Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased call options on 50,000 common shares for $225,000. The options have a strike price of $10.00 and expire in January 2023. Scorpio Tankers is engaged in the marine transportation of petroleum products, operating 131 product tankers with an average age of 5.9 years. The company is proactive in disclosing forward-looking statements about its operations, acknowledging various risks and uncertainties that may impact future performance.

On December 14, 2021, Scorpio Tankers (NYSE:STNG) announced that President Robert Bugbee purchased 200,000 call options on common shares for $465,000. The options have a strike price of $14.00 and expire in July 2022. Scorpio Tankers owns and operates 131 product tankers, with an average age of 5.9 years, specializing in marine transportation of petroleum products worldwide.

Scorpio Tankers (NYSE:STNG) announced a $70.2 million sale and leaseback of two LR2 product tankers, STI Gallantry and STI Guard, enhancing liquidity by $27.9 million. The company will bareboat charter the vessels for 10 years with purchase options after four years. Additionally, Scorpio secured a $43.6 million credit facility, increasing liquidity by $5.1 million after refinancing two LR1 tankers. Ongoing discussions aim to increase liquidity by up to $28.9 million through refinancing four vessels, alongside $18 million in additional committed financing.