I am adding a second tranche of Scorpio Tankers (STNG) as it has pulled back significantly. Tanker stocks are volatile. Charter rates bounce around. Shares are sold for an infinite number of reasons. The important takeaway is that the fundamentals are strong. These companies are getting great rates for their ships on average which is translating into increasing revenues and profits. This is a very attractive Speculation.
Bought tranche #2 @ 17.57.