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Calumet Specialty Products Partners LP Message Board

questforgrowth 11 posts  |  Last Activity: Jun 17, 2016 11:19 AM Member since: Feb 26, 2000
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  • Reply to

    The problem I have with STNG

    by neiljneil Jun 16, 2016 10:24 AM
    questforgrowth questforgrowth Jun 17, 2016 11:19 AM Flag

    I do not see STNG falling below $4 so you just may miss a great opportunity here. Even though you put gamble in quotes I am not sure that is the best word for an investment entered into after much due diligence. It does sound like you are still waiting for more information to convince yourself that this is a good place for some of your money. Maybe the next conference call will shed more light on the situation for you and you can make a more comfortable decision then.

    Personally, I was a little early to this party but in my experience I am comfortable with my analysis and I am happy to have this investment as long as the dividend in maintained or increased. I liquidated a few MLP's to buy some Scorpio Stock as well as simplify my portfolio and taxes.

    Good luck to all.

  • Reply to

    21% lower in 4 days?

    by shoreteee Jun 14, 2016 2:00 PM
    questforgrowth questforgrowth Jun 14, 2016 2:29 PM Flag

    The temporary outage of the Magellan pipeline does not affect UAN. Hope this helps eliminate one theory of the price decline.

    Look at this sell off as a buying opportunity. It is still the same company paying a nice distribution (now even nicer)

    Good luck to all.

  • questforgrowth by questforgrowth Jun 14, 2016 10:06 AM Flag

    I would like to see the financing announced for the newbuilds on good terms. I would like to see Scorpio continue to generate good income even though rates are currently low. I would like to see rates climb as we head into summer and the driving season. I would like to see STNG raise the dividend by 1 cent to lucky 13 and confirm to the market that they are strong while competitors are weak.

    I think STNG gets beaten down with the rest of the sector and this I see as an opportunity.

    Good luck to all.

    BTW I picked up more myself yesterday as I think it is way oversold.

  • questforgrowth by questforgrowth Jun 13, 2016 1:05 PM Flag

    Another great thing about this company is that it is a pure play in the product tanker space. Many other shipping companies are also dry bulk carriers and that is killing their earnings. The product tanker market is where its at and STNG is all product tanker with no dry bulk.

    Good luck to all.

  • Reply to

    thinking of jumping in

    by richarddurbano Jun 12, 2016 10:09 PM
    questforgrowth questforgrowth Jun 13, 2016 12:52 PM Flag

    Here is what STNG CEO said two weeks ago in an interview with shippingwatch (see link below if yahoo puts it in)

    h t t p ://shippingwatch(dot)com/carriers/Tanker/article8711718.ece#ixzz4BTkSEmx8

    "I am happy to be in a period with low oil prices. The lower result we saw in the first quarter this year is due to the volatile market right now and to a very warm winter in the Northern hemisphere. It’s an exciting market with a huge diversity of cargoes and geographies with an increasing demand for not only refined oil but also palm oil etcetera. With the constraints we see on the capital market right now and the new environmental requirement coming up in 2017, we believe that the upturn in the product tanker industry will prevail the next two to three years,"

    Also from the conference call they have been buying back stock at $5.80. So if they think $5.80 is a steal what is it at $5.00 (besides a nice 10% yield)?

    In 2017, stricter regulations kick in and only STNG is already compliant as the average age of the fleet is 1.5 years. That means many of the competitor's tankers will not be used. Combine that with the fact that the capital markets are tight and there are not many new builds coming online. This means less supply of tankers which means higher shipping rates which means more money for STNG.

    Good luck to all.

    Sentiment: Strong Buy

  • Reply to

    Why the long delay on paying dividends?

    by bj4lf Jun 2, 2016 2:24 PM
    questforgrowth questforgrowth Jun 10, 2016 1:11 PM Flag

    Heya bj4lf,

    I got tired of waiting for a response by email and just called them (the New York office). The gentleman I spoke with told me he was unaware of the reason for the delay this quarter but he thinks it is a one time delay and would probably be back to normal next payday. He has my email and will inform be if he learns anything different.

    Hope this helps. The price of STNG has been week these last two days. We were looking good for awhile. Anyways, good luck to you.

  • questforgrowth by questforgrowth Jun 3, 2016 11:20 AM Flag

    Two more reasons why I bought Scorpio Tankers:

    1. Credit Suisse reiterated their buy rating on shares of Scorpio Tankers Inc. (NYSE:STNG) in a recent research note. They currently have a $10.00 price objective on the stock.

    2. STNG's fleet of tankers has a weighted average age of 1.5 years where the industry average is a little less than 8 years. STNG is by far the youngest fleet in the world.

    Good luck to all!

  • Reply to

    Why the long delay on paying dividends?

    by bj4lf Jun 2, 2016 2:24 PM
    questforgrowth questforgrowth Jun 2, 2016 6:41 PM Flag

    Heya bj4lf,

    I am new here but I thought that you had a good question. I fired an email to investor relations and I will let you know what they say if they answer me.

    Good luck to you.

  • Reply to

    New to STNG

    by questforgrowth Jun 1, 2016 5:18 PM
    questforgrowth questforgrowth Jun 2, 2016 12:15 PM Flag

    Heya cwreding, we got in at the same price.

    Good luck to you and our fellow longs.

  • Reply to

    New to STNG

    by questforgrowth Jun 1, 2016 5:18 PM
    questforgrowth questforgrowth Jun 2, 2016 12:13 PM Flag

    Thanks for the welcome everyone. STNG looks good. It looks like it may trade up and down some days based on shipping rates but that is why I like this company is that they are doing fine with rates at this low level. Seems others agree. It is nice to get paid while we wait for rates to rise.

    Good luck to all!

  • questforgrowth by questforgrowth Jun 1, 2016 5:18 PM Flag

    Here is why I bought today:
    Yield of 8.9% with plenty of income to support the dividend.
    Plenty of income in a down market. Rates are low but STNG is doing fine even though competitors are not. STNG locked in some great rates considering.
    All of the analysts, as well as STNG management, see sharp increase in demand combined with lower supply of tankers in the near future which will be great for STNG.
    STNG on the hunt for weaker players to acquire. I like to invest in companies that hunt when times are slow.
    Huge institutional ownership and solid insider ownership.
    Technically, STNG is in an upward channel and trading close to bottom trend line so good time to enter.

    That is about it and all of that is worth some investment dollars.

    Good luck to all!

CLMT
4.90-0.01(-0.20%)Jun 30 4:00 PMEDT