The SXCP I mentioned as a high yielder has had a nice run yesterday. Its in the coal sector , but does not mine coal, and only converts it to coke. A baby and the bathwater situation.
Message cut short. To continue, KNOP,DLNG, AMID and in addition own SXCP in the energy space.
I would rather have a small cut to the distribution, and an acquisition at a 6x multiple, than the company doing nothing. I prefer a long term view on a companies prospects than immediate satisfaction of perceived needs.
I alerted the board to this share on 6th April. Results out. Div 20% yield with 1.64X cover. 2016 guidance confirmed. Revenue down as coal input costs decreased and benefit passed on to customers.
I think we have a similar approach to investment. Unlike you I lost money in the first Q of this year, but have made up it up in spades this month.
John, the inventory drop is not that surprising. It takes 3 bbl of oil to produce 1 bbl of petrol. (gasoline). With driving season approaching oil inventories should keep dropping as petrol inventories build for June /July.
AMID did the same today, cut dividend to fund growth and share is up 20% today. Fortunately I hold this share.
If 18% is not a spike, then spike may mean something else to you. I am in for the long term. The div is very reasonable and more importantly the growth is also there. AMID is a real gem.
Deep sea, bought another couple of thousand SXCP today. I don't expect any sort of blow out results tomorrow, but will be studying the forward guidance, which I do expect to be good. Hope I have not bought too hastily.
william.Yes it really sucks that the share is 20% up after hours. I think you should drop your title and just keep your name. Your credibility also sucks.