The company could flounder in bankruptcy for years.wonder if Jodi recant would be a lead plaintiff in the share holder lawsuit ? Insiders were buying at every opportunity.only to be betrayed by 12 years of bad accounting..egregious would be an appropriate term. To our favor outstanding on the accordion credit facility is much less than 50 percent.
This is much more than the proceedings of a single vessel. The company has been hijacked by gangsters. Your 160 million dollar Jones act tankers are worth 60 or 70 apiece. So that the company was allowed to over lever, and its entire liquidity stream is devoured by the gangsters. The courts aren't allowing you to unwind assets. And there has been no progress made on restructuring the debt. Correct ? So I guess it's premature to ask when the stock buyback will resume. Or, when the dividend will be 're-instated ?
How much more time do you need to right ship this company ? 12 years of bad accounting. The DUo always has a feast on DOG. Hire professionals to right ship the company. LAZARD OR, GOLDMAN, WHY HAVEN'T YOU GOTTEN OUT OF THE WAY OF THIS. Q4 revs. Should be between 250 - 300 million. Can't you give any clarity to the many many Dog employees. It's a new year.... you are a merchant marine not the master of the Titanic. This should be turned over to the cannibal canisters of wall street
That would bring around 30 los to shareholders.the setup appears to be for a move to the 10 - 13 area. Just a couple of press releases will do that. I have Feb.03 marked on my calendar. Revenues for 2014 will be around 1.2 billion dollars. We could get a Fibonacci retrace to the all time high of 80.
Keep trying. I need some more $6 shares before any company announcements. Gee, they could even announce a 30 mil. share offering at 7 and dismiss the consequence of the tax liability. This cap.his company with available market information, should have a 2 billion market cap. 91 pieces of equipment operating in a fertile market ?????? what kind of Bozos work at Imperial....hahaha
Kinder Morgan Energy to buy 2 tanker companies
Kinder Morgan Energy Partners to buy 2 tanker companies for $962 million
By The Associated Press December 23, 2013 11:55 AM
Kinder Morgan Energy to buy two tanker cos for $962 mln Reuters
[$$] Kinder Morgan Energy to Buy Two Tanker Companies The Wall Street Journal
Kinder Morgan Energy Partners Buying 2 Tanker Firms, 9 Tankers, for Nearly $1 Billion Motley Fool
KMP Buys Jones Act Tankers for $962M Zacks
Kinder Morgan Energy Partners: Undervalued And Ready To Grow Seeking Alpha
Kinder Morgan Energy will spend $962 million in cash to buy two tanker companies as the transportation and storage company expands its shipping business.
American Petroleum Tankers has a fleet of five tankers that can hold 330,000 barrels of cargo.
State Class Tankers has commissioned the construction of four tankers that hold 330,000 barrels of cargo. They are expected to be completed in 2015 and 2016.
American Petroleum is owned by affiliates of investment firm The Blackstone Group LP and private equity firm Cerberus Capital Management. State Class Tankers is owned by an affiliate of Blackstone.
The deal is expected to close in the first quarter of 2014.
All the tankers comply with the Jones Act, a law that requires goods transported in the U.S. be done with U.S.-made ships owned by U.S. companies and with crew from the U.S.
NEW YORK, Dec 17 (Reuters) - A Jones Act tanker was recently chartered for six months at a record high rate of $110,000 per day, market sources said, the latest sign of how surging U.S. crude production is squeezing the niche market for U.S.-flagged vessels.
ExxonMobil Corp last week agreed to renew its charter agreement for the 337,000-barrel Overseas Cascade at an unprecedented $110,000 a day, nearly a 50 percent increase from its previous rate for the same ship this summer, shipping sources
Indicative figures - $/day TC equivalents
Change since - $/day TC equivalents
AG - Japan
Estimate VLCC AG - Japan at 13 knots
Caribs - US Gulf
N Sea - Continent
Caribs - US Gulf
Middle -East - Japan
Caribs - USAC
Continent - USAC
Brent blend - spot buy - $/bbl
I just bought another 5k today and they were hard to get. Any shorts are trying to cover. That ius who you will be buying from.
962 million. Can you define what OSG an 14 jones act tankers would value at ? The Cascade receiving a million every 10 days from EXXON, is gonna weigh huge. This could do a Fibonacci retrace back to fair value at 3 Bil. market cap.... and no company announcements ?????? KMP just set a great big huge baseline, for the underwriters......check out the January calls at 20............... GLTA