Scorpio Tankers’ $11,000/Day Cash Breakeven and Venezuelan Oil Control Boost Outlook
Scorpio Tankers has an industry-leading cash breakeven of about $11,000/day and a net cash balance sheet that underpins significant upside potential. U.S. control of Venezuelan oil exports and EU sanctions on third-party vessels should boost long-term MR freight rates and compliance premiums for its modern fleet.
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