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Ship Finance International Limited Message Board

  • usenatgas usenatgas Apr 10, 2013 6:39 AM Flag

    I'm looking at a position in GSJK, a growing, dividend (7.6%) producing Company involved in the Exploding

    U.S. production of Nat Gas from Shale.
    Here's a following quote from an SA article: TTI is the majority owner and general partner in Compressco Partners, LP (GSJK). With double digit growth and an 8% distribution, GSJK is a viable investment candidate for income investors who think there is a future for these services.

    I like this stock for several reasons:
    1. The quarterly dividend is growing (and we are only days away from an Ex-date.)
    2. GSJK is owned by TTI and TTI is mentioned as a take over target (Like GE just buying Lufkin)

    ....just food for thought.....,

    Sentiment: Buy

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    • natgas,
      I had heard of them before but had too many MLPs to follow. I like the idea of supplying the picks and axes in the gold rush. The chart, however, looks a little at the top of the range. They had a huge coverage ratio in the third quarter which should provide the ability to increase distributions at a greater rate. The GP, TTI, has a great looking chart and seems to have corrected and is a buyout candidate. Good luck.

      • 1 Reply to marklibera
      • Thanks mark! The chart does look toppy, but I'm thinking this whole market is looking toppy! I've been taking profits only to see the stocks I've sold rise another 10%. I'm waiting for a correction to buy back into some of my former positions but this correction hasn't materialized (I'm thinking the market is waiting for the Fed to ease back on their money pumping and we'll see a huge drop.)

        Most of us who post on this board have done well over the past several years by having the courage to "invest" rather than thickening our Mattresses! The problem now is where do we safely place our profits (other than Cash.) Bonds are not on my list as I think interest rates will have to rise and when they holders will be CRUSHED.)

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