Get started
SCORPIO TANKERS INCSCORPIO TANKERS INCSCORPIO TANKERS INC

SCORPIO TANKERS INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

STNG/N trade ideas

$STNGVolume drying up, similar to EOMarch with descending wedge pattern on log scale, looks like ready for a move up. Some good potential catalysts coming with (1) Oil tanker sanctions, (2) demand coming back online (TSA #'s hit 500k+ daily Friday and keep climbing, (3) speculation of OPEC discontinuing cuts in August with oil prices recovering, (4) very low tanker fleet build last couple months due to COVID-19, (5) Fidelity buying 10% of DHT, and (6) FRO CEO adding more shares. Seeing divergence on 4-hr, 2-hr, and technically daily with still no monthly close lower the lowest monthly close that occurred back in Dec '18 and monthly open in Jan '19. Not oblivious to the bearish scenario though with the May monthly candle and last week's candle, if we don't see daily green candles in the next couple days and a weekly green candle next week, the probability this closes monthly at $14 becomes much higher. I went out this weekend with the family and almost no one was wearing masks except store employees. World is coming back online. I think people are realizing COVID was a bit overblown.
NYSE:STNGLong
by topgunbar0
3
$STNG Buy The Dip, The CEO Expecting the Best Q2 Earnings EverScorpio Tankers Inc lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. The stock currently holds a RSI14 at 24 and is oversold on RSI14. Scorpio Tankers Inc finds support from accumulated volume at $16.79. "For Scorpio Tankers, it's extraordinary, we literally... we could well have in the second quarter of this year earned as much money, income, eps, cash flow, under any measure than any previous year of the company's history." -Robert Bugbee Earnings Date : Wed 29 Jul (In 65 Days) Before Market Open (Confirmed) STNG ex-Dividend for $0.10 on 05/29/2020
NYSE:STNGLong
by MilesTaylor2395
Gimme hope Joanna gimme hope for this ship to turn around!Hey all, As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i expect the oil to find a balance around here? So with so much stored oil.. the ship rates are going to go down for the upcoming 3-6 months. Last chance for STNG in the upcoming hours to see where this is heading...
NYSE:STNG
by Philoslother
1