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Wall Street Bullish on Scorpio Tankers (STNG) as Company Signs New Charter Agreements
Yahoo Finance· 2026-01-14 05:24
Scorpio Tankers Inc. (NYSE:STNG) is one of the 10 cheapest oil and gas stocks to invest in. According to the company’s announcement dated January 5, it has entered into five-year time charter agreements for two of its LR2 product tankers, STI Rose and STI Alexis. Both tankers were constructed in 2015 at a daily rate of $29,000 per vessel. The charters are scheduled to begin in the first quarter of 2026. oil tanker The company currently owns or leases a fleet of 93 product tankers with an average age of 9 ...