it really is a disaster and is run by a bunch of inepts...the LT investors are still crying their eyes out from yesterday's giant disappointment...cutting the dividend by over 2/3rds..what a downer..this management team stinks and ought to be voted out of their jobs
also BTE and many others, especially some Gold miners..hope the trend continues.
Ocean Rig UDW Inc (NASDAQ:ORIG) is over one-fifth higher today as momentum traders buy on yesterday’s news that the company agreed to acquire an ultra-deepwater drillship for less than one-tenth of its build price. Also helping today’s rally is the fact that crude prices have rallied by another 3%. If crude prices can sustain their rally for another $20 per barrel in gains, day-rates and demand for deepwater drillships will rise substantially. The number of shareholders of Ocean Rig UDW Inc (NASDAQ:ORIG) among the investors in our system fell by three during the fourth quarter to 12 by the end of December. Those 12 funds owned 19.5% of Ocean Rig’s float.
you are probably right but I like a mixed portfolio and I think ORIG may increase in sp...hey did you see that they bought a sea drill rig for 10% of its original price..that's pretty good if it is in good shape
I disagree, there were six days in a row back in March where CPLP closed under $3 and no one said anything about margin calls...but I think many people who bought CPLP may dump their shares and buy other better stocks that are paying a 19 percent dividend..stocks like NYMT....Yeah, NYMT is a much better stock than stupid CPLP. CPLP is run by a bunch of foreign hacks who do not know A from B...these stupid, pencil neck geeks ruined a good company and drove it into the ground...Listen UP! if you want a big 19% dividend and a chance for price appreciation go with NYMT...all the smart people I know are switching from CPLP to NYMT..that is what the smart ones do...neff said.
of their 95 cent diividend only to see it slashed to 30 cent..what a comedown plus the stock lost 30% of its value, it had already been down 300% in the last year..what a terrible, terrible day for the poor, poor people who own CPLP...CPLP is a stock run by a bunch of air heads who would have trouble running a candy store or ice cream parlor
Yeah, LGCY still going great guns but I still need about 30 cents to get even..but I'm way ahead on LGCYP
losers do not win and winners do not lose and as of today CPLP holders are losers...remember NMM they first cut the dividend and then they eliminated the dividend..the same could happen to CPLP
disaster stalks the long term holder as he has seen his money disappear right before his eyes...what did I tell you about foreigners especially the idiots running this company..yeah, they are running it, running it right in to the ground..you long time owners have really been beaten senseless
dems. get into office..both HC and BS are against fracking because it fouls up the water supply.
anyone disagree?..ocean drillers will be needed in the future.
hoping this will prosper as of now I'm still in the RED.
rhe, you were wrong and now you will suffer..better put new money into something that will get you a better return..never fall in love with any stock...seek greener pastures.
just rechecked my purchases of CPLP..my low buy ins were at $2.59 a share and my high buy ins were at $3.48 a share so my average was $3 a share...I thought the stock had a chance for survival and so far I am right..but the 2/3 dividend hair cut was very nasty..not nice but that's why I preach diversification..there is no sure thing in the market...but hey I'm still getting a 10% dividend on my money..better than the bank....BTW, my average buy in on DNR is $2, so as you can see, my buy low method usually works.
Actually I'm disappointed but I'm still OK as I averaged in at $3 a share and the dividend is still 30 cents a share so I will still be getting 10% on my money...that is my point about buying low..the people who bought above $3, and there are many, those are the people that will be hurting...like I said before even good things can go bad in this market of many unknowns
Finally, Capital Product Partners dropped 28%. The shipping-company limited partnership slashed its distribution by more than two-thirds in the wake of its first-quarter financial results, which included roughly flat net income from year-ago levels. Capital Product Partners said that it had created a capital reserve in order to address increases in the cost of its obtaining capital, and the decline in the price of its common units necessitated the decision to conserve capital by restraining distributions to investors. In addition, with one of its major customers having to restructure its operations, Capital Product Partners is going through considerable uncertainty. By cutting the distribution, the company will be able to deal with debt coming due and improve its balance sheet, but it's bad news for unitholders who grew accustomed to impressive distribution yields.
from 95 cents to 30 cents and the sp has been slashed by 30 percent..what a disaster to the long term investors who have seen their investment disappear before their own eyes
after CPLP releases their ER