Scorpio Tankers Inc.Short
A weak dog on his last legs
Updated
Most people here are bullish but I don't think that's the case.
I think the market is pricing in share dilution or something along those lines.
Target price somewhere between $10 to $8 by EOY
- This company is saddled with debt and will not make it through if refined demand destruction from Covid continues.
- CEO is shady (most Tanker CEOs are really), often does interviews on minor YouTube channels with 2,000 views. Also buys derivatives expiring 6 months out on his own stock?
I think the market is pricing in share dilution or something along those lines.
Target price somewhere between $10 to $8 by EOY
Note
Price got hammered again down to $11.84, another bad day like tommorow shall unleash the floodgates of stopsNote
Lol there you go
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