Scorpio Tankers’ shareholders could enjoy considerable payouts later this year.
“We believe the next step for the company is to realise its substantial distribution potential, with its unofficial $800m net debt target possibly just around the corner as LR2 spot rates now have surpassed $100k/day,” DNB equity analyst Jorgen Lian said in a note.
DNB said it should be compared to the estimated operating expenditure of $8,000 per day, which implies substantial earnings potential and enables the company to pay out more to shareholders.
