LONG on $STNG

2023년 6월 26일

Building a LONG position on STNG at these levels.
1) Continues to build higher free cash flows
2) Transports refined oil products
3) MC currently at $2.4 Bn, valued at $5 Bn presents value
4) Mgmt actively reducing share count = increase share price
5) Recession/OPEC risk

-Support looks solid around $44
- I like $70+ as LT PT ( +60% gain)
-Obviously subject to changes if recession/OPEC screws us

Let me know your thoughts!