Units of KNOT Offshore Partners (NYSE: KNOP) are plummeting today, down by nearly 40% as of 10:30 a.m. ET. The sharp move lower came after the master limited partnership (MLP) focused on the shuttle tanker market made a significant distribution cut. KNOT Offshore Partners declared its fourth-quarter distribution payment.
ABERDEEN, Scotland, January 11, 2023--KNOT Offshore Partners LP (NYSE:KNOP) ("The Partnership")
Will Ferrell's Brennan uttered those words in Step Brothers, as he is trying to curry favor with his step-brother-in-law (or something like that) Derek, played magnificently by Adam Scott. Like Brennan Huff, I am on a different wavelength than the Dereks of this world, and their horrible market analysis. Another great idiotic utterance of 2022 was "Elon Musk is unassailable" as has sputtered to a 69% ytd decline.