IMO, that is significant information. Previous article in NY Times discussed how Hedge Funds get short interest info within 3 days while the public gets info 1 month or so old. Studies have shown that short interest is a powerful predictor or stock price declines. Gives Hedge Funds a powerful edge.
Vol. is drying up. At 10M May 29, steady decline to 1M now. No one's dumping. Stock price is at mid channel. I think investors are confused (myself included)
In other works he's reducing FRO's breakeven level (but increasing it for SFL?) FWIW, he's jumping ship, (to use a bad pun). He owns both sfl and fro. SFL is a much more diverse shipping co. Recent world events seem to favor slf. (china cut oil exports 25% last mo.). I guess a case can be made for reducing the size of FRO to improve its merger chances since it'd be easier to acquire. What do I know.
It'll be at $70+ by years end. see PSXP for similar move. 25% of my portfolio. I keep buyng on the dips.
That's what make a market, buyers and sellers. Looking at one days fluctuation in stock price is meaningless. Of the 2 companies, PSXP has $1B worth of debt and SHLX has 0 debt. Both can expect to have similar growth rates. PSXP's ebitda's is $160M soon, itl;ll take 6 years to pay of that debt. . Of the 2 cos, it clear to me that SHLX is a much better investment. PSXP has moved sideways the last 6 months. Maybe Mr. Market is telling u something.
It won't happen but, the shippers should establish a tanker cartel otherwise it'll be an endless boom and bust
Today, tonnage fixed to transport crude from the Arabian Gulf to Far East is commanding $61,300 per day, which represents a daily decline of roughly 1.3%.. More bullish sentiments follow
$58,000 is indeed highly profitable. Their Breakeven last year was around $23,000. VLCC Spot price for 2015 1st qtr was $$52,000. @$58,000 they're minting money.
Smart move. this co is a real sleeper. Only a matter of time before it gets discovered. Owned it since $21. collecting 10% div. while waiting. Stats are unbelievable. .. I;m buying more.
I've owned shares off and on last 10 years. I'm back into SFL. Looking at FRO presentation its clear that expenses are down, income is up and they went from losses in the previous 4 qts to a gain this qtr. FRO turned the corner IMO. With the world awash in oil, the remainder of this and next year is going to be a golden time for tankers.
Don't forget the old WS adage, "the trend is your friend"
PSXP is overhyped. Take a look at financial performance of PSXP. Stock Price really didn't do much last 6 months. Reason???, slow down in Distributable Cash Flow. It was 24% last 4 quarters versus 80% last 5 quarters = slowdown. Mr. Market expected higher growth rate. I believe SHLX is much better investment. IMO,
Donn't shoot the messenger -)))))
Agree with your assessment. I've owned numerous MLP's. Had 1 or 2 where, when secondaries were issued, the unit price went up. I suspect Mr. Market foresaw greater growth potential with the additional funding.
Over time there'll be a correlation between oil prices and crc stock price. but, on a day to day basis there need not be any correlation.IMO. people buy and sell for various reason not necessarily tied to oil prices. If memory serves me. we are now buying crc at prices near what the insiders bought CEO.