Recent

% | $
Quotes you view appear here for quick access.

Navios Maritime Acquisition Corporation Message Board

keebon 434 posts  |  Last Activity: 4 hours ago Member since: Apr 21, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Fixed income vs floating rate

    by jerseyvinny2 13 hours ago

    Bought back the SFL shares I sold yesterday, and then some. Might be interesting to see what happens before it goes ex-div on the 10th.

  • Reply to

    Another great day for investors...

    by rbgambler99 14 hours ago

    DH,
    You're crazy.

  • Reply to

    OT: Fed Rate Increase

    by pay.back37 Sep 3, 2015 7:07 PM
    keebon keebon Sep 3, 2015 10:02 PM Flag

    Stagg,
    I'd like to see the information on the federal debt, balances, interest rates, maturities, etc. that would give one an idea how borrowing during and after the great recession have changed things. Anyone seen that kind of stuff? Treasury web site maybe.

    BTW, sold some SFL today and put in a lower bid before ex-div. also continued the "I-want-it-now" dividend theme trading in my ETE shares and buying ETP shares.

  • Reply to

    OT: Fed Rate Increase

    by pay.back37 Sep 3, 2015 7:07 PM
    keebon keebon Sep 3, 2015 9:51 PM Flag

    Factor in the rich getting richer and the poor getting poorer, generally. It's no secret who benefitted from the stimulus and who didn't.

  • Reply to

    Gaslog Partners GLOP

    by sarge198502 Sep 2, 2015 1:42 PM
    keebon keebon Sep 3, 2015 11:26 AM Flag

    Sarge,
    That actually seems to be a sensible upgrade for GLOP. Management has stated that the Q3 distribution (reported on a 1099 and payable in November) will be increased by 10%. Anyone who wants to sell might consider it after the dividend increase is announced and before it goes ex-div. I am keeping my GLOP shares as we are only 6 months or so away from the major ramp up in LNG export capacity from new terminals in Louisiana and Australia. Why sell now? Moses is standing on the rock and the waters are about to part.

  • Reply to

    Taking a look at SDLP and RIGP...need advice.

    by rbgambler99 Sep 3, 2015 8:23 AM
    keebon keebon Sep 3, 2015 11:18 AM Flag

    Further, the oil majors will be under continued pressure to protect and try to grow dividends so with oil prices continuing lower there could be another round of cuts in capex, and that means offshore, deep water in particular, would continue to be cut.

    FWIW, I'll reiterate my recommendation of CPLP, certainly over the likes of SDLP. RIGP or NMM. The transcript of the last conference call was posted on yahoo headlines, for those that pay attention to what management has to say about their company's quarterly results. Better balance sheet. How distribution coverage is maintained. Management commitment to distribution growth is defined. The importance of a strong parent as far as supplying dropdowns to maintain and expand the asset base, and hence the distribution. CPLP has these things as the others noted do not. It also reports distributions on a 1099, not a K-1.

  • Reply to

    Taking a look at SDLP and RIGP...need advice.

    by rbgambler99 Sep 3, 2015 8:23 AM
    keebon keebon Sep 3, 2015 10:29 AM Flag

    Gambler,
    I have owned both but exited in February (SDLP) and April (RIGP). As things are now, they both have their high distributions well covered but I would study their fleet status reports before deciding whether to take the risk. RIGP has only 3 rigs since the oil crash occurred before further cash raises and dropdowns from RIG could take place. One of the contracts expires in November 2016, The other two are longer term. SDLP has a larger fleet but has one ultra-deepwater rig in storage after a contract expiration and another in storage but collecting $279K per day from BP after a contract cancelation. The rest of the fleet appears to be stable until 2017 when more expirations will occur, although another cancelation is possible. The whole thing is dependent on a turnaround in offshore which now seems likely to occur further out given the outlook for oil prices. I held RIGP longer and have recently be tempted to get back into SDLP after a good report last week. I consider both to be far superior to their parents (SDRL and RIG) as investment choices. Finally, both RIGP and SDLP report their distributions on 1099's, not K-1's as is the case with all the major marine MLP's except for TGP.

  • Reply to

    SFL Pre ex- dividend sale

    by tazetheshorts Sep 1, 2015 10:19 AM
    keebon keebon Sep 2, 2015 3:41 PM Flag

    DH,
    I too have shifted further to the yield side as long as it is reasonably safe. I have stopped all dividend reinvestment and intend to spend every penny of the dividends I get. Selling XOM and GBDC to buy NTI, APU and CLMT means I am buying for the yield with limited risk and not the capital gain. NMM will be an interesting case to follow but it no longer fits my limited dividend risk scenario. I fully expect they will pay the 1.77 distribution through the end of 2016 but just how they do that and how they continue to support the dividend thereafter is purely conjectural.

  • keebon keebon Sep 2, 2015 3:16 PM Flag

    Whatever they do with the FRO shares, I would think they would wait until the share price exceeds $3.08 which is the value used when ownership was transferred to SFL. I don't expect anything anytime soon.

  • Reply to

    More woes for the bulk shipping arena:

    by bobdbeck Sep 2, 2015 8:09 AM
    keebon keebon Sep 2, 2015 10:03 AM Flag

    Palestone,
    I have seen industry folks use "bulk" to include commodities and containers, and "dry bulk" to mean dry commodities only.

  • Reply to

    All I know is that the only

    by bobdbeck Sep 1, 2015 1:45 PM
    keebon keebon Sep 2, 2015 9:59 AM Flag

    Vinny,
    I did the same thing. Came back from the lake on Monday so now I'll be confused all week.
    Thanks for your mention of APU. Came down to FGP or APU. Took APU which has had a better dividend growth story.

  • Reply to

    All I know is that the only

    by bobdbeck Sep 1, 2015 1:45 PM
    keebon keebon Sep 2, 2015 8:42 AM Flag

    I had GBDC, GMLP and WPZ green on Monday. GBDC got an upgrade and goes ex-div this week so I sold it and bought APU. Also sold XOM in the morning and bought NTI back in the afternoon. That swap turned out OK. Also added a few more shares of CLMT.

    I hate the way China and most of the rest of the world play monopoly with their trading practices. Seems like the US always takes the short end of the stick for someone's greater good. If I buy any more shipping the first one I look at is a Chinese company, probably SSW... if you can't beat 'em, join 'em.

  • Reply to

    SFL Pre ex- dividend sale

    by tazetheshorts Sep 1, 2015 10:19 AM
    keebon keebon Sep 1, 2015 12:45 PM Flag

    Stagg,
    Recall that the gain from the sale of Horizon warrants accounted for over $40 million of SFL profits reported for last quarter. Of interest to me is how they will use that cash to acquire assets accretive to earnings and whether they will take any further action in concert with SDRL to reduce SFL's exposure to offshore.

  • Reply to

    SOME BEAT DOWN STOCKS FOR THE FUTURE...!

    by staggman99 Aug 31, 2015 11:29 AM
    keebon keebon Sep 1, 2015 10:22 AM Flag

    Cramer had a great comment on the market this AM... totally bored. I can relate to that. I am thinking of buying, though.... APU, CLMT or maybe FGP which goes ex-div on Wednesday. Good dividends.

  • Reply to

    WORLDS LARGEST NATURAL GAS DISCOVERY...!

    by staggman99 Aug 31, 2015 10:01 AM
    keebon keebon Sep 1, 2015 8:50 AM Flag

    DH,
    My thinking could be faulty but I see demand as a steadily rising phenomenon adjusted by the ebb and flow of world economies. Supply is more volatile with more factors involved;;; price, politics, technology. Right now, demand is growing at a normal rate but supply is still growing at a faster rate. Sooner or later supply growth will have to slow down. Regardless, I still feel the safe play is midstream.

  • Reply to

    SFL, NMM, UAN...

    by rbgambler99 Aug 31, 2015 2:20 PM
    keebon keebon Aug 31, 2015 9:24 PM Flag

    Stagg,
    Driving through central Minnesota today. Not corn country by any means but every hay, corn and soybeans field looks green as can be. The road sides look more like June than the end of August. I to think Minnesota may have its best corn and soybeans harvest ever.

  • Reply to

    SFL, NMM, UAN...

    by rbgambler99 Aug 31, 2015 2:20 PM
    keebon keebon Aug 31, 2015 9:18 PM Flag

    I am not a fan of either NMM or UAN. The "new normal" for NMM is unknown in terms of maintaining its asset base and hence, its distribution. If I owned NMM I'd be tempted to sell. They are cash starved and the future is cloudy. But you're the gambler, not me.
    I never liked UAN because of its process which I think could be at a competitive disadvantage by using petroleum coke instead of natural gas as its feedstock.

  • keebon keebon Aug 31, 2015 12:16 PM Flag

    Motley fool had a nice piece today. two of the three stocks highlighted are larger positions for me (GLOP and CLMT). Made the obvious point... any stock yielding 10% or more with a positive distribution growth outlook are babies that got thrown out with the bathwater.

  • keebon keebon Aug 31, 2015 12:04 PM Flag

    Gambler,
    Check out CPLP. Shipping MLP with a diversified portfolio... clean tankers, crude tankers, containers, a little dry bulk. A lot like SFL without the offshore. Strong parent (privately held Capital Marine) and a robust pipeline of dropdowns to support revenue growth. At a real bargain price and yielding 13.5%. Distribution is secure, according to wells, with small quarterly distribution increases. Reports on a 1099, not a K-1. I consider it the best buy among the 32 stocks I currently own so should also get significant price appreciation.

  • Reply to

    Looking for more upside

    by davidachman Aug 25, 2015 11:29 PM
    keebon keebon Aug 29, 2015 10:11 AM Flag

    zipyerhead,
    NMM has strong liquidity and improving fundamentals? Name one.

NNA
3.75+0.08(+2.18%)Sep 4 4:02 PMEDT