STNG is currently on a tear with its stock up 21% over the past two weeks. Some details:
1) The had a stock offering on Dec 5 that did not phase the stock price.
2) They have announce the purchase of 6 MR newbuilds, eco type for delivery in Q2 & Q3 of 2014.Purchase price $33 m each
3) They have options on 8 more vessels
4) The owned fleet of STNG currently stands at 11 vessels..They have now contracted for a 54% expansion of that fleet. If they exercise the remaining 8 options, their owned fleet will have more than doubled.
Comment: This is an impressive move. They might have pushed back delivery into 2015 for greatest potential. But they may know more than me on that. I hope so.