Scorpio Tankers’ President Invests in Future

Scorpio Tankers (STNG) has released an update.

Robert Bugbee, President of Scorpio Tankers Inc., has invested $1.5 million in call options for 234,300 shares of the company, with a strike price of $67.50 and a January 2025 expiration. The company, a global transporter of petroleum products, owns a fleet of 102 tankers and plans to sell two of its MR tankers in the fourth quarter of 2024. These moves come as Scorpio Tankers continues to navigate the complex market conditions and strategic expansions outlined in their forward-looking statements.

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