Agreed. Pay down debt, maintain the div, and the rest will take care of itself over time. They will have to slash costs on the drilling side and just keep it ticking over as no uptick in sight for this sector.
It has nothing to do with oil or ISIS. Syria is Russia's only foothold and port in the ME. This is a strategic step for Russia.
All shipping stocks hit. Add Greek connection and you have an over reaction. CPLP is changing from a container shipper into a fuel product shipper. A move for the best. I am underwater on this share, but intend to hold as div fairly secure.
Bulk shippers under pressure. The rest are a much better market. There are different sectors in shipping and your statement is not valid.
. Spoke to their PR a month ago and an office moves was one of the questions I posed. Only idiots assume.
All 4 of their head office staff with their laptops have to move. Will have to cut their div to finance the move.
This makes sense, as one will not build a refinery without a secure customer base in place.
HTGC is a story about the second half of 2015. Bought a boatload of Jan16 options in anticipation of this, as they have a large pipeline of loans scheduled. NII will be back on track by yearend to cover the div.
At current share price they may buy drop down with borrowings. Their debt levels are quite low, and it may be prudent to do a SO when the share price recovers.
I am not smart, but my view is as follows. There will be growth albeit slow as Texas has the lowest decline rates of production. Div is covered. Don't expect to make a big profit, but it will give you income. Oil market sentiment will be a negative in the foreseeable future, so be prepared to hold for a long time.