Scorpio Tankers Soars: Wall Street's Bullish Bets

Scorpio Tankers stock jumped nearly 9% after Wall Street analysts issued bullish upgrades, citing rising tanker rates and a lucrative five-year charter for the STI Orchard at over $28,000 per day. While the stock remains volatile, Scorpio's strong Q3 rates—LR2 vessels averaging $32,700 daily and MR tankers earning $23,500—signal robust demand and a potentially rewarding trajectory for long-term investors, turning a $1,000 investment five years ago into over $4,400 today. Hosted on Acast. See acast.com/privacy for more information.