The products tanker giant’s president, Robert Bugbee, cited a “constructive” market environment in the LPG carrier segment as Scorpio nears the 7 November end of all lock-up restrictions on sale of its 16.4% stake, though he noted that the company will put itself in a flexible position.
“If you were looking at a technical basis, we’re a much better buyer of that stock than we are a seller of that stock at the moment,” Bugbee said in a conference call with analysts.
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