Scorpio Tankers president Robert Bugbee has answered a broadside from a quarrelsome equity analyst the way he usually does: by putting his own money at risk.
Just after his company was called out by Deutsche Bank analyst Amit Mehrotra over a speculated shares sale, Bugbee has purchased call options on 300,000 common shares at a personal cost of $825,000.
The contracts have a strike price of $15 and an expiration of January 2023.
