The market trading is insane. Up $87k in the last two weeks of Jan, down $51k in first few days of Feb. If I was worried about day to day moves , I would be a nervous wreck.
Bob, Saudi has always let other do the real fighting on their behalf. The Yemini campaign is only bombing from the air, and a move to actually sending in troops is unparalleled . I will believe it, when I see it.
Mark, this is a fair analysis of the market. The 64k $ question is whether the new export terminals will absorb the newbuilds due this and next year.
Mark, As you say, you don't know the LPG market. If you read my post, you will see that threaded quarter is traditionally a soft 3 months. I don't mind negative posts as I don't have an ego need to feed.
Results announced today for Q4. Profits down on Q3, but this is normally a low season. Compared to Q4 2015, profits way up. Dividend declared $0.65.
FYI as I know you own the share.
Sarge, There are companies in the greater oil sector that will not implode. For example, GMLP,HMLP, KNOP, GLOG, . Some midsteams may be effected more than others, but this depends where their pipelines are situated. With depletion rates starting to kick in, stripper wells being shut down, US oil production should see some meaningful declines this year. Since April 2015 , US oil production is down 600k bbls a day. It may get worse before it gets better, but there are bullish signs for the second half of the year.
Pickens is a dinosaur. In the case of MLP,s , those that followed the principle of D/E of 50/50 will be OK. Those that went the way of LINE are in trouble. It I'd as usual a question of greed that causes the problems.
Keebon, I cant ever remember a country with full employment, having gone into recession, while in that situation. Amid all the negatives presented by posters regarding the jobs figures, one item not mentioned is that manufacturing jobs increased.
Mark , I own CPLP, and based on your learned comment regarding the company, will sell at the first opportunity. In case you don't realize it, my comment is tongue in cheek.
Mark, what the average Joe does not realize , is that as the US reaves full employment, new job creation falls. This is especially true in a slow growth environment. I believe this was a good report.
Ed, I wont be selling as Q4 is going to be very good, due to them accounting for the income from the scrapping of two ships and formally announcing the new dividend rate of $0.50 p.a.