Scorpio Tankers Said On May 31, 2023, The Company's Board Of Directors Replenished The 2023 Securities Repurchase Program To Purchase Up To An Aggregate Of $250M Of The Company's Securities
Portfolio Pulse from Charles Gross
Scorpio Tankers' Board of Directors has replenished the 2023 Securities Repurchase Program, allowing the purchase of up to $250 million of the company's securities, including common shares and Senior Unsecured Notes Due 2025 (NYSE:SBBA).
June 01, 2023 | 10:51 am
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POSITIVE IMPACT
Scorpio Tankers' 2023 Securities Repurchase Program has been replenished, allowing the purchase of up to $250 million in securities, including Senior Unsecured Notes Due 2025 (NYSE:SBBA), which may positively impact the notes' price.
The replenishment of the repurchase program indicates the company's confidence in its financial position and may lead to increased demand for its securities, including Senior Unsecured Notes Due 2025 (SBBA). This could result in a positive impact on the notes' price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Scorpio Tankers' 2023 Securities Repurchase Program has been replenished, allowing the purchase of up to $250 million in securities, which may positively impact the stock price.
The replenishment of the repurchase program indicates the company's confidence in its financial position and may lead to increased demand for its securities, including common shares. This could result in a positive impact on Scorpio Tankers' stock price (STNG) in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100