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North Atlantic Drilling Limited Message Board

keebon 576 posts  |  Last Activity: 49 minutes ago Member since: Apr 21, 1999
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  • Reply to

    o/t VALE

    by sarge198502 1 hour 9 minutes ago

    Sarge,
    Vale looks great on paper, but IMHO it has one fatal flaw... It's managed by Brazilians and I would not touch any Brazilian company.

  • Reply to

    HERE IS ANOTHER DAISY...!

    by staggman99 1 hour 44 minutes ago

    Stagg,
    Have you looked at TICC? A BDC with a high yield (16.5%). I bought it last week. It goes ex-div on June 12 or thereabouts. It cut the dividend a quarter ago (from 29 cents to 27 cents) and restored it for this quarter (back to 0.29). There have been issues so my take is it is now on sale as damaged goods. My thought is, the damage is controllable and it should be on the mend from here.

    AWLCF is down today. Don't know if you saw that.

  • Reply to

    ot ETE

    by shuching4 19 hours ago
    keebon keebon 1 hour 21 minutes ago Flag

    sc,
    When I have a hard time deciding between two choices (e.g., ETE, ETP) I often end up doing some of both. That's my approach because I need some income from ETP (as mentioned) and I understand that the total return potential for ETE is greater. That said, the outlook for DCF growth for both is very strong and that puts them both in the best in class category.

  • Reply to

    SFL is smiling -Up she goes--- $16 is coming

    by sarge198502 May 21, 2015 10:30 AM

    I looked at SFL again this AM before deciding on TCAP. As far as SFL, I have continuing concerns about the exposure to offshore when current contract expiration comes up and the possibility of a dividend reduction. The recent dry bulk vessel deal with Golden Ocean looks very good, but Golden Ocean will be under financial stress for some time.

  • Reply to

    ot ETE

    by shuching4 19 hours ago

    sc,
    I own both ETE and ETP. As of Monday, ETE was 3.38% of my holdings and ETP was 2.58%. Both are among the top picks of Wells Fargo Advisors. KMI and EPD are the other two.

  • Bought more this AM. One of guru's favorites. 9+% yield. Goes ex-div first or second week of June.

  • Reply to

    NM Reports Earnings Thursday May 21

    by mizesaw May 19, 2015 8:27 AM
    keebon keebon May 20, 2015 3:08 PM Flag

    mize,
    I see NMM as being in transition. As long as they can access bank financing and do a spo once in awhile, they will be fine. As you know, shipping is not a rose garden.

  • Reply to

    OT; Another MLP takeover by parent a la KMI/KMP

    by marklibera May 13, 2015 9:31 AM
    keebon keebon May 20, 2015 12:38 PM Flag

    Gambler,
    I like OKE and OKS, but my preference is for KMI or WMB which have yields not that far away from OKE but have higher estimated 3 and 5 year dividend growth rates (going by Wells projections). The 3-year rate for OKE is less than half that of KMI and less than a third of that for WMB. The projected 5-year OKE cagr is close to the same thing. The market seems to be paying an even higher premium for dividend growth these days.

    I own KMI, ETE, WMB, and TRGP. I considered OGE but passed. TRGP has been getting beaten up lately and might be a contrarian play.(?)

    Just my 1.5 cents.

  • Reply to

    OT: Huff - AAPL

    by dividendhunter May 18, 2015 6:32 PM
    keebon keebon May 20, 2015 12:08 PM Flag

    DH,
    A Wells report on May 8 stated reservations about a recent equity sale at below NAV and the lack of follow-up strong portfolio growth.
    I took a flyer on TICC last week. It has problems but also has some clear options for improvement.

    Can you point out any high yield stocks that go ex-div in the next two weeks?

  • Reply to

    any interest in Wal-Mart

    by sarge198502 May 19, 2015 9:09 AM
    keebon keebon May 20, 2015 11:00 AM Flag

    Stagg,
    I had a just had a cheap payday with HTGC. Bought a bunch on the May 8 dip, before it went ex-div on May 11. Got the dividend and sold today for a gain of 15 cents a share. Nothing earth-shaking but it helps pass the time.

    I did not expect to see NMM go back to under $11.00. I am again tempted to buy more NMM but won't. I bought more before its ex-div date and must now hold the extra shares. By the end of Q3 the last of the recent containership acquisitions should be on the books and the revenue and cash flow picture will be clear.

  • Reply to

    BAC no longer sucks!

    by rbgambler99 May 19, 2015 12:00 PM
    keebon keebon May 19, 2015 8:01 PM Flag

    Bob,
    You got a point. Fredriksen should never have made that promise. He took risks on crude tankers and offshore drilling and lost both times. Same with Golar and he is now out of management there. (Jury's still out on Golar.) Kelcey Warren took risks on Energy Transfer (if one gives credence to the article that appeared today. Kinder took and takes risks. Frangou takes risks. They are all wrong some of the time. Hubris can be deadly. But I worry less about NMM than I would about a typical mReit with the same yield.

  • Reply to

    What just happend?

    by sambo2smoke May 19, 2015 12:35 PM
    keebon keebon May 19, 2015 6:10 PM Flag

    Some major holders have sold but some have been buying. The biggest (Invesco and Powershares) are gone but others are wading in so I guess my point is, there will eventually be fewer sellers and more buyers. That's one reason I feel 10.50 or so is the bottom. Q2 will see the first revenue from the containership Cristina, which began in April, and revenue from dry bulk charters will be the same or slightly higher. In Q3, there should be a new container arrival. So there is good news yet to come. My only second guess of AF is that during the last up period in dry bulk rates, no vessels were put into charters longer than short to medium term (i.e., more than a year). This was because a more lasting turnaround was believed to be coming for dry bulk rates. Never happened, so this time around AF added a long term charter or two.

  • Reply to

    BAC no longer sucks!

    by rbgambler99 May 19, 2015 12:00 PM
    keebon keebon May 19, 2015 5:14 PM Flag

    DH,
    An investment in NMM is truly an investment in the management, and I think the head of the Navios group, Angeliki Frangou, is first-rate. It is at times harrowing owning a high yield stock, and NMM is not exception, but she rarely misses a beat. As recently as their July 25, 2013 presentation NMM was 100 percent dry bulk with 25 dry bulk vessels. Now, less than two years later, NMM has a fleet of 23 dry bulk vessels and 8 containerships with an option to buy a ninth for delivery later this year. Almost 100% of the dry bulk fleet is now chartered through the end of 2015 and before the year ends, the containers will account for two thirds of chartered revenue. I'm not pretending everything is peaches and cream, but to me it is not a bad place to get a 16% dividend guaranteed by management through 2016.

  • Reply to

    NM Reports Earnings Thursday May 21

    by mizesaw May 19, 2015 8:27 AM
    keebon keebon May 19, 2015 10:37 AM Flag

    NMM is no longer dependent on NM for the acquisition of vessels to support its distribution. I can't remember the last dry bulk dropdown from NM to NMM. I may check on that.

  • Reply to

    Nice reversal day on Friday

    by davidachman May 18, 2015 11:44 AM
    keebon keebon May 19, 2015 10:34 AM Flag

    mize,
    I can't argue coverage with you, but I am under no delusion when it comes to coverage, adjusted or otherwise, nor have I seen analyst estimates that say coverage will be there in 2015 or 2016. I am invested in management to keep the ship afloat so I can continue to collect the big distribution. As far as NMM vs NM or DSX, in terms of contracted revenue, NMM should decidedly be more of a containership company than a dry bulk company by the end of the year.

  • Reply to

    Nice reversal day on Friday

    by davidachman May 18, 2015 11:44 AM
    keebon keebon May 18, 2015 7:22 PM Flag

    mize,
    You want it to go back to the nines? Well, it could happen. But I wouldn't count on it if calling the 1.04 coverage ratio an "exaggeration" or comparing NMM to NM or DSX... two obviously different dry bulk entities.

  • Reply to

    OPEC IS PLAYING GAMES ON OIL PRICES...!

    by staggman99 May 11, 2015 5:35 PM
    keebon keebon May 18, 2015 6:58 PM Flag

    renigged? What's that supposed to mean? Yahoo spellcheck was unconscious?

  • Reply to

    I'm a long term investor

    by bobdbeck May 18, 2015 12:25 PM
    keebon keebon May 18, 2015 6:55 PM Flag

    Bob,
    NYCB hitting 52-week highs one week after going ex-dividend... a sell seems reasonable to me. I sold mine and bought NMFC which goes ex-div sometime during the 2nd week of June. There should be a time to buy back NYCB.

  • Reply to

    I'm keep getting deleted.

    by hogsheadofbeer May 18, 2015 2:59 AM
    keebon keebon May 18, 2015 9:53 AM Flag

    I attribute it to Yahoo incompetence.

  • Reply to

    OT; Another MLP takeover by parent a la KMI/KMP

    by marklibera May 13, 2015 9:31 AM
    keebon keebon May 17, 2015 12:26 PM Flag

    sc,
    Did KMI have problems getting funding for acquisitions or new projects? I could be mistaken, but I don't recall any of the former Kinder Morgan group ever doing a secondary offering of new shares or units. I think the management and funding among their many large projects got too complicated, uneven and probably was a drag on developing and completing projects and making acquisitions.

NATDF
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