Selling Tranche #3 of Scorpio Tankers for a 17% Profit
I am selling the third tranche of Scorpio Tankers (STNG) for a $2,270 profit per 1000 shares. This equates to a 17.7% profit. Two $0.10 dividends (09/29/20; 12/05/20) are included in this calculation. The tanker complex appears to be breaking out with Scorpio in the vanguard. I am taking off some exposure…