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Capital Product Partners L.P. (CPLP) Message Board

  • lesleydelap lesleydelap Mar 23, 2011 2:13 AM Flag

    Japanese Earthquake: Positive for Product Tankers, Negative for Crude Tankers

    The headline "Japanese Earthquake: Positive for Product Tankers, Negative for Crude Tankers" about CPLP is a bit misleading I think dont you? http://amazing-stock-picks.info/CPLP

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    • I think the phrase "positive for product tankers" is simply wrong.

      At first, 30% of Japanese refineries shut down. Currently less than 15% are shut down.

      But here is the important part. Before the earthquake, the refineries were operating at 80% capacity. Now they have upped it to 95% and are producing for inventory. So, they have all they need and more.

      I think that is what this little "rally" is all about. Prudent investors should sell now and/or go short until after the capital raise. Perhaps buy back in for the dividend chase, but I would be very cautious.

 
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