Scorpio Tankers encountered unprecedented interest from "long only" institutional investors in the months leading to the recent period of wild volatility in tanker stocks, and is now looking for a way to get that momentum back according to a top executive this week.
Scorpio president Robert Bugbee said the buy-and-hold type funds essentially scattered during the tumult of March and April that saw intense retail interest in the stocks amid soaring rates and a glut of oil.
