Scorpio Tankers: A Major Deleveraging Process And Good Prospects
Company Overview - Scorpio Tankers (NYSE: STNG) is engaged in the maritime transportation of petroleum and crude oil-derived fossil fuels, operating a fleet of 99 tankers [1] - The fleet composition includes 38 LR2 tankers, 47 MR tankers, and 14 other types [1] Investment Focus - The company is of interest to investors looking for value in sectors like oil & gas, metals, and mining, particularly in emerging markets [1] - It is characterized by sustained free cash flows, low leverage, and sustainable debt levels, indicating potential for recovery [1] Shareholder Value - Scorpio Tankers demonstrates a solid pro-shareholder attitude, maintaining consistent buyback programs and dividend distributions [1]