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KNOT Offshore Partners LP (KNOP)

NYSE - NYSE Delayed Price. Currency in USD
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18.84+0.05 (+0.27%)
At close: 4:00PM EDT
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  • C
    ChuckG
    Earnings report was good. 1.20 distribution coverage.
  • A
    Allan
    Keep the .52 cent dividend coming... allows me to buy more shares quarterly
  • S
    Scott
    All new comments are being deleted?
  • O
    OilDude
    Scott, can you just move on? Thought the greek bath houses would keep you busy.
  • S
    Svend
    Our mother company,
    Sales of two older shuttle tankers lifts KNOT to annual profit.

    Vessel value should be able to be similar at KNOP in my opinion, What you guy's think?
    Bullish
  • P
    PSea
    let's go! future looking bright. oil is going to start feeling more pressure as global economies ramp up.
  • S
    Stewart
    Oil tankers have a commercial life expectancy of about 30 years. Less than 50,000 dwt, mainly used for transportation of refined products (gasoline, gasoil). Approximately 80,000 dwt, which is the AFRA (Average Freight Rate Assessment) standard.
  • S
    Scott
    Can someone convince me why I should continue to hold onto this stock? They are near fair value (so upside potential is VERY limited). They only have NEGATIVE headwind risks (loss of revenue due to off-hire time, lower leases, aging ships, more 'green' shuttles being built). This all leads to higher risk for their distributions. So vs. last year their yields are lower yet their risks are higher with no/limited upside. Additionally if their common units appreciate they will simply dilute their unit-holders by selling more shares to fund a drop down. The drop down will increase the cash flow but the excess will simply go to the new shares created. The upside is just not there any more. I was holding 8% of my portfolio, Now I'm down to 3% and thinking about keeping at these levels, maybe selling down to ~2% and waiting to buy back later (since I do not run the risk of their share-price appreciating much)...THOUGHTS?
  • O
    OilDude
    Nice rise in the stock since earnings. Holding on to my 17%+ divy when I bought in the $12 range
    Bullish
  • S
    Scott
    Good stock to hold and let the dividends buy OTHER equities. I wouldn't DRIP until the price drops below $16.50
  • t
    trident_t150
    .40 drop right before close today. I thought I got my x-dividend dates mixed up!
  • S
    Scott
    My model shows fair value of $21 but that's using a 25 year depreciation schedule. Evidence shows these ships are used for ~20. One was recently scrapped at 19 years. Given the new builds have much greener outputs. I think the 25 years is not realistic. Using a 20 year schedule the fair value is $17.55 (using updated financials). So this seems fair price. I will thus be selling out of most of my position from $45k down to $8k (and buy back if the shares tank again).
  • O
    OilDude
    Great earnings for KNOP...moving up nicely
    Bullish
  • O
    OilDude
    KNOP holding up well during this market turmoil.
    Bullish
  • D
    DividendAristocrat
    Decent report. We now know we have at least 18 months of revenue coming from Windsor between the insurance payment and the new short term contract. I would normally be a little concerned about 2022 based on the Bodil option also not getting picked up this year but they took action and got all three Shell ships extended on 3 year charters which addresses a lot of the 2022 option expiry. From what I’m seeing, it appears the market is a little flat for older ships.
  • t
    titusbythesea
    16.50 BUY PLACED
  • O
    OilDude
    Good article on seeking alpha this week on KNOP. Yahoo idiots won't let me post the link.

    The little-known shuttle tanker owner, KNOT Offshore Partners handled 2020 very well and offers investors a very high 11% distribution yield for 2021.
    Bullish
  • D
    DividendAristocrat
    I didn’t think we’d hit $65 Brent this fast. My energy stocks are going through the roof. 2021 looks solid for KNOP
  • S
    Scott
    Why the aterhours bump up price?
  • D
    Dieter
    KNOT stock was overtaken by HOEGH today, making it 15% weaker than its performance in one month. Why is KNOT so much weaker?