2 years STNG (Scorpio Tankers) will likely turnaround with the help of favorable macroeconomic conditions     

STNG is the kind of forgotten child in the tanker industry. Shares have declined by 47% YTD and have underperformed its peer group by a considerable margin. Macroeconomic tailwinds in the tanker industry will likely result in a turnaround of business operations to profitability, which should push the share price much higher in the coming months. We can use the Q4 2019 period as a proxy to conclude that Scorpio Tankers will be profitable in the next couple of quarters. In Q4, geopolitical issues led to higher tanker rates, and Scorpio made the most of it and reported positive net income after a long break. This will repeat in the next quarters as far as I see.

https://beatbillions.com/scorpio-tankers-a-turnaround-is-on-the-cards/

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