STNG Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Strong demand for tankers and potential for price recovery supported by share buybacks and increased dividends grant a bullish outlook for STNG.




Bearish Case: Concerns over overvaluation amid high historical prices combined with weakening demand could lead to a significant price correction for STNG.




Potential Outcomes:

1. Continued tanker demand driving stock up (60%);

2. Price correction due to overvaluation (40%);

3. Positive earnings surprise boosting momentum (30%);

4. Geopolitical issues disrupting market (20%).




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November 13, 2024


Scorpio Tankers Forecast

STNG        Scorpio Tankers











Correlated Assets

Assets that tend to move strongly with STNG



FRO Forecast + Options Trading Strategies   FRO  Frontline (0.91)


TNK Forecast + Options Trading Strategies   TNK  Teekay Tankers (0.89)


VECO Forecast + Options Trading Strategies   VECO  Veeco Instruments (0.88)


INSW Forecast + Options Trading Strategies   INSW  International Seaways (0.88)


TDW Forecast + Options Trading Strategies   TDW  Tidewater Inc. - New (0.87)



Uncorrelated Assets

Assets with little price relationship to STNG



EFX Forecast + Options Trading Strategies   EFX  Equifax (0.0)


SBSW Forecast + Options Trading Strategies   SBSW  Sibanye Stillwater (0.0)


AGO Forecast + Options Trading Strategies   AGO  Assured Guaranty (-0.0)


SLNO Forecast + Options Trading Strategies   SLNO  Soleno Therapeutics (0.0)


MRSN Forecast + Options Trading Strategies   MRSN  Mersana Therapeutics (0.01)



Anticorrelated Assets

Assets that tend to move strongly against STNG



PTLO Forecast + Options Trading Strategies   PTLO  Portillos (-0.78)


ROKU Forecast + Options Trading Strategies   ROKU  Roku (-0.79)


SBUX Forecast + Options Trading Strategies   SBUX  Starbucks (-0.79)


FUBO Forecast + Options Trading Strategies   FUBO  fuboTV (-0.81)


FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.87)









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