LONG on $STNG
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!
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!
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