Allworth Financial LP grew its position in Scorpio Tankers Inc. (NYSE:STNG – Free Report) by 1,954.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,870 shares of the shipping company’s stock after acquiring an additional 10,341 shares during the period. Allworth Financial LP’s holdings in Scorpio Tankers were worth $425,000 at the end of the most recent quarter. Get Scorpio Tankers alerts: Other institution ...

Company Overview - Stinger Resources Inc. holds interests in gold and silver properties in British Columbia, including the 100% owned past producing Dunwell Mine located near Stewart in the "Golden Triangle" [2] - The company also owns a 100% interest in the Gold Hill property near Fort Steele and the Silver Side property, along with an optioned interest in the Ample Goldmax property in other areas of British Columbia [3] Recent Developments - Effective November 13, 2025, Stinger Resources has cancelled a total of 707,000 incentive stock options that were previously granted on March 19, 2021, with an exercise price of $0.195 [1]

Core Viewpoint - Scorpio Tankers Inc. has signed letters of intent to construct two Very Large Crude Carriers (VLCCs) at a price of $128 million each, with expected deliveries in late 2028, reflecting a strong long-term outlook for the crude tanker market [1][3]. Company Developments - The company has sold 2,382,226 common shares of DHT Holdings Inc. at an average price of $13.25 per share, retaining ownership of 1,169,568 shares as of the press release date [2]. - Scorpio Tankers currently owns or finances 98 product tankers, including 38 LR2, 46 MR, and 14 Handymax tankers, with an average age of 9.6 years [3]. - The company has agreements to sell four MR and two LR2 product tankers, expected to close in Q4 2025 and Q1 2026, and has four MR newbuildings under construction for delivery in 2026 and 2027 [3]. Market Outlook - The CEO expressed confidence in the fundamentals of the crude tanker market, indicating that the newbuilding agreements are a strategic extension of the company's positive outlook [3].

Core Points - Stinger Resources Inc. has received approval for its common shares to be listed on the Canadian Securities Exchange (CSE) [1][3] - The company is focused on mineral exploration, particularly in gold and silver properties located in British Columbia [2][4] Company Overview - Stinger Resources Inc. is a Canadian mineral exploration company with an experienced management team [2][4] - The company holds a 100% interest in the Dunwell high-grade gold and silver mine, which is located in the "Golden Triangle" near Stewart [2][4] - Additionally, Stinger Resources owns a 100% interest in the Gold Hill property near Fort Steele and has interests in other gold and silver properties in the province [2][4] Listing Details - The number of issued and outstanding securities is 49,647,742, with an additional 4,493,137 securities reserved for issuance [5] - The listing date for the common shares is set for November 10, 2025 [5] - The trading currency will be Canadian dollars (CDN$) [5]

Core Viewpoint - Scorpio Tankers Inc. is strategically enhancing its fleet by selling older MR product tankers and acquiring new scrubber-fitted MR newbuildings, which is expected to improve the fleet's age profile and quality while minimizing capital expenditure [4]. Vessel Sales - The company has agreed to sell four 2014 built scrubber-fitted MR product tankers for $32.0 million each, with the sales expected to close in the first quarter of 2026 [2]. - Each of these vessels has an outstanding debt of $7.3 million, financed through the company's 2023 $225.0 million Revolving Credit Facility [2]. Newbuilding MRs - Scorpio Tankers has committed to purchasing four scrubber-fitted MR newbuildings at a price of $45.0 million each, with deliveries scheduled for 2026 and 2027 [3]. - The expected delivery timeline includes one vessel in the second and third quarters of 2026, and one vessel in the first and second quarters of 2027 [3]. Company Overview - Scorpio Tankers Inc. operates a fleet of 99 product tankers, including 38 LR2 tankers, 47 MR tankers, and 14 Handymax tankers, with an average fleet age of 9.6 years [4]. - The company has also entered into agreements to sell five MR and two LR2 product tankers, with expected closures in the fourth quarter of 2025 and the first quarter of 2026 [4].

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Cardston, Alberta--(Newsfile Corp. - November 5, 2025) - Stinger Resources Inc. (TSXV: STNG) (the "Company" or "Stinger Resources") announces that the Company has received confirmation from the Canadian Securities Exchange (the "CSE") that the common shares of the Company are expected to commence trading on the CSE effective at market open on November 10, 2025.In connection with the listing of its common shares on the CSE, the Company has submitted a request to voluntarily delist its common shares from TSX ...

Core Insights - Scorpio Tankers (STNG) reported mixed results for Q3 2025, with a decline in profitability but a stronger balance sheet than ever before [1] - The company is actively reducing debt, accumulating cash, and increasing liquidity, indicating a focus on financial stability [1] - Capital expenditures (CAPEX) appear to be moderate, suggesting a cautious approach to investment [1] Financial Performance - Profitability decreased in Q3 2025 compared to previous periods, raising concerns about operational efficiency [1] - The balance sheet has improved significantly, reflecting effective financial management and strategic planning [1] Strategic Focus - The company is prioritizing aggressive debt reduction, which may enhance its long-term financial health [1] - Increased liquidity and cash reserves position the company well for future opportunities and challenges [1] - Moderate CAPEX indicates a strategic approach to growth, balancing investment with financial prudence [1]

Core Insights - Scorpio Tankers Inc. is a significant player in the shipping industry, focusing on the transportation of refined petroleum products with a modern fleet of tankers [1] - The company has a Return on Invested Capital (ROIC) of 8.01%, which exceeds its Weighted Average Cost of Capital (WACC) of 6.19%, indicating positive returns for investors [2] - The competitive landscape includes companies like Teekay Tankers Ltd., Euronav N.V., DHT Holdings, Inc., International Seaways, Inc., and Ardmore Shipping Corporation [1] Financial Performance - Scorpio Tankers' ROIC to WACC ratio is 1.29, highlighting efficient capital utilization [2] - Teekay Tankers Ltd. leads the peer group with a ROIC of 13.72% and a WACC of 4.87%, resulting in a ROIC to WACC ratio of 2.82, indicating high efficiency [3] - Euronav N.V. and DHT Holdings, Inc. show strong capital efficiency with ROIC to WACC ratios of 2.58 and 2.80, respectively, positioning them as strong competitors [4] - International Seaways, Inc. and Ardmore Shipping Corporation have ROIC to WACC ratios of 2.07 and 1.88, respectively, indicating efficient capital utilization despite being lower than the top competitors [5]

Core Insights - Scorpio Tankers Inc. is a significant player in the shipping industry, focusing on the transportation of refined petroleum products [1] - The company has a modern fleet of tankers, ensuring efficient delivery services [1] - Recent institutional investments indicate growing confidence in Scorpio Tankers [2][3] Institutional Interest - Focus Partners Advisor Solutions LLC acquired 5,808 shares valued at approximately $227,000, reflecting increasing institutional interest [2] - Vanguard Group Inc. increased its holdings by 6.7%, now owning over $100 million worth of shares [3] - American Century Companies Inc. expanded its position by 4.3%, holding shares worth $61 million [3] Stock Performance - The current stock price of STNG is $60.74, with a slight decrease of 1.56% from its previous value [2] - The stock has shown volatility, with a yearly high of $63.05 and a low of $30.63 [4] - The market capitalization of Scorpio Tankers is approximately $3.1 billion, indicating its substantial presence in the industry [4] Trading Activity - Today's trading volume for STNG is 27,750 shares, indicating active investor interest [5] - Jonathan Chappell from Evercore ISI set a price target of $80 for STNG, suggesting a potential price increase of about 30.36% [1][6]