Recent Sell: Scorpio Tankers Inc.

I hate selling but sometimes it makes sense. In retrospect I have usually failed at the timing but a plan wouldn’t be a plan if I wouldn’t at least try to execute it. With that in mind I decided to sell all my Scorpio Tankers (NYSE:STNG) shares for 3,583 USD per share which translates to a minor loss. Looking back couple of months the stock has seen daily swings around ~4 percent. Today the swing was a positive one so I decided to exit the position for now. It’s very likely that I will have the possibility to buy back the shares for a bit cheaper but I’m not convinced I’d do so but it is something to consider.