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|Subject: STNG: Multiple offerings||Date: 2/4/2013 9:15 PM|
|Author: Hohum777||Number: 2821 of 3041|
STNG announced a 30.672M share offering @ $7.50/sh
Somewhat unusual given the company completed a secondary offering in early December 2012.
STNG appears to be aggressively placing orders for new vessels- 16 newbuilds currently, with
options for 10-12 more vessels. STNG current debt load seems on the lighter side, but that's
probably because a majority of the newbuild debt is not showing yet.
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