
A Look At Scorpio Tankers (STNG) Valuation After New Credit Facility And US$300 Million Vessel Sales

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Scorpio Tankers (STNG) has secured a $50 million credit facility and agreed to sell six vessels for $300 million, enhancing its fleet and financial flexibility. The stock has seen a 30.24% return over 90 days and a 115.41% return over the past year. Analysts peg the fair value at $86.67, indicating it is undervalued at the current price of $82.99. The company has reduced net debt by $2.5 billion since late 2021, positioning it for future growth despite potential risks in the tanker market.
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