CLMT is my biggest holding by far. I am underwater at present but believe CLMT has put the worst behind it with all the costs of upgrades and the new refinery. It can only go up from here and I especially like the great diesel hedges in place. Will hold through what I think is stock manipulation over the last couple of weeks.
Sentiment: Strong Buy
NAT is a pure Suezmax play. Have been following news on Lloyds shipping and Suezmax vessels are in a sweet spot. Very few newbuilds on the horizon and rates holding well at nearly double 2014 rates. Thus I cant agree with your view.
You obviously don't get the message. Look at their CASH FLOW to see how div is covered. ie depreciation is a non cash item. Spoke to PR. stated that CPLP has a head office in Greece of 4 people. Can move head office at anytime if new taxes imposed.No ships registered under the Greek flag.
Try WTI at $45 to $50 for the rest of the year. That's what Total and BP are predicting and is not just a useless opinion.
Look at the cash flow coverage of the div. GAAP earnings not relevant in a MLP.
I give up. Cant teach a village idiot.
Obviously English is not your home language. Should read "if hedges ARE so good". To answer the question , market is not reacting in a rational manner at the moment. Expect irrational prices for the next few months.
Clo , I will review my NAT holdings when Q2 results come out. I expect a blow out Q. The conversation of VLCc vs Suez is academic as the share market will be too volatile in the short term, to take the long term into account. It will only react to current news.
Spoke to IR today. Confirmed that if tax was imposed, they would move head office. Only 4 people employed there. As Alpha says, once head office moved, no need to pay tonnage or other Greek taxes.
Which God . There are so many. How can a country that oppresses people be good. Just as evil as apartheid South Africa.
I believe they will have a blow out Q when earnings are reported 5/8/15. Big factor on top of rising crack spreads are the excellent diesel hedges in place.