The tanker sector is seeing an upswing as the market continues its upward momentum.
Scorpio Tankers shares gained 17% to $1.99 since early afternoon Friday while Frontline's stock spiked 13% to $7.32 this morning before cooling off to $7.11 by mid-afternoon.
DHT Holdings have likewise jumped 14% to $4.85 this morning before settling down to $4.69.
Scorpio Tankers is "one of the best ways to invest in IMO 2020 drivers, for which product tanker companies are well-positioned," Deutsche Bank analyst Amit Mehrotra wrote in an 8 November note to clients.
