Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (56596)	1/7/2016 11:28:20 AM
From: MCsweet	Read Replies (1) \| Respond to of 78751

CPLP/TNP, Yeah I think I need to stick to small positions. Not an expert enough and too much macro going on. I feel like I have better advantage in others. Somes with my year-end foray into MLPs. I had this hedged with a USO short, but too much macro noise going on. MC

To: Paul Senior who wrote (56596)	1/7/2016 9:53:00 PM
From: Elroy	Respond to of 78751

I don't follow CPLP. Here are some nuggets from their recent Q3 2015 earnings release. Nothing sounds bad. I have no idea why they shares have gone from $10 to $5 in the preceding 8 months. capitalpplp.com The crude and product tanker markets maintained the positive momentum of the first half of the year into the third quarter of 2015, with lower oil prices favoring increased oil movements and higher refinery throughputs. Regarding product tankers, spot freight rates for the period rose to the highest level since the second quarter of 2007. The consistently firm spot market in the quarter saw Suezmax period rates further improving, currently at the highest level since the first quarter of 2009. Mr. Jerry Kalogiratos, Chief Executive and Chief Financial Officer of the Partnership's General Partner, commented: "In line with our established long term distribution growth objective, we have increased our quarterly distribution to our unitholders for the third consecutive quarter. The tanker charter market, where the majority of our fleet operates and where we have the bulk of our charter renewals in the next couple of years, enjoys multi year highs on the back of the strong industry fundamentals and the lower oil price environment that boosts global oil demand. ======================= It doesn't sound like a business where the shares should be trading at multu-yera lows. BTW - They did a big equity issuance in Q1 2015 and raised about $110 million cash, and refinanced their balance sheet. So their debt situation should be in about as a good a situation as possible for a shipping company.