Fun times ahead for Scorpio’s shareholders, Jefferies say
Analysts say New York-listed owner could soon begin to focus ‘almost exclusively’ on returning capital to shareholders as the company updates on fourth-quarter activity
Jefferies bumps Scorpio’s fourth-quarter estimates after company releases guidance showing mostly improved rates and balance sheet. The analysts forecast that Scorpio’s improving net debt position would allow it to focus ‘almost exclusively’ on shareholder returns by the middle of next year
