8/share for me don't see much downside if any...several of the holdings hiked WES,,EPD, MMP to name a few off the ttop of my head. Midstream is where you want to be because it has the least exposure to the commodity price.
Hope things are going well for you. I glance at NMM from time to time surprising how low it has fallen 1.32 was the low I believe. The two shipping related stocks I own are SFL and SSW happy with both. There are some real gems in the O&G sector thrilled I could pick them up at these low prices. All the Best David
I'd suggest taking a look at the midstream MLPs they have much less exposure to the price of oil. They make their money from transporting and storage of oil and gas. Two of the best I feel are EPD and MMP I also like WES. These have all pulled back with the sell off in oil have strong records of raising their distributions and good DCF coverage.
Only stock I own that isn't down a bunch. I think they could surprise on the upside. That GPS app they have is very popular with parents along with lower fuel costs. Hopefully they have a good quarter.
Have to agree when I've been personally invested in a stock that is tanking and pays a high dividend even if they come out and say the dividend is safe the next thing they do is come out and cut it. In STB's case they have been paying this dividend for like 10 years without a cut. They also have bought back share recently granted not a tremendous amount were talking 100,000 or so shares but it's something. There are several articles on seeking alpha saying even at these levels the stock is overvalued. They have tended to dilute over the years with secondaries well they won't be able to do that at these prices. I'm long and have been a few years. The dollar exchange may well have in effect. I intend to take a close look at their cash flow to see if the dividend is sustainable with out equity raising.But it has been selling off unrelentingly and that's concerning should have cut I feel because of that reason. Usually you find out why down the road after you've already lost your #$%$.