No. I think I did alright with it but when it went through the beginnings of a rough patch I decided it wasn't the best place for me. I think I was building ALDW and NGL at the time. Over the ;ast half dozen years or so I've reduced the number of holdings to about a dozen, That way I can plow more cash into fewer vehicles for far greater rewards---or failures as the case may be. Fortunately there've been no failures with the exception of a $3K investment for fun in HDYN which went belly up. Several years ago, however, I'd gained more than $200K in it, no I bear no grudge. lol
I took a similar flier in SDLP this morning. Just a thousand units of this offshore driller. It's been gaining ground (no pun intended) via contracts---attractively written ones at that. Coupled with global oil tightening and increasing rig activity and my feeling damned lucky these days---I gambled on a position. I held this stock a couple of years ago and enjoyed watching it move from under $3 to $9. Sold off shortly before it hit nine and did really well.
I'm not suggesting this as a hold for anybody, it's a trial bid for the moment. But it could go very nicely.
Another day, another strong move higher. Folks don't know about this great find. Too bad as it's easy money, an easy-to-understand pick and it's growing organically.
Coverage is good enough to sustain the distributions and today's vessel acquisition news resonates with me.
My opening purchase was 200 units at the end of September, 2016. Annually the gain comes out to 17%. Given circumstances I believe will bring about further increases in valuation, I believe the return on capital will exceed 25% this year.
It is so neat for me, seeing KNOP moving steadily higher.
It was painful, recommending the stock awhile back to a good friend only to find that after perhaps a month, it was flat.....no gain.
I responded by stating that other picks operated in much the same fashion for awhile only to pick up steam all of a sudden.
Well, here we are, folks---the same thing again. And I'm loving every bit of it, I must say.
As world tensions relax more and more, I believe this company of ours will reflect renewed confidence in the planet's inner-connectivity comprising unified industrial interdependence.
The US political fabric has been challenged, witness the Trump effect. But we are working through some things vital to our nation's upholding of values near and dear. As things become clearer, I hold that a more secure footing will be enjoyed by all.
Having been at this hi-yield system for many years, I've got to say there are just so many opportunities for steady, unusually assured income production distributions in the MLP arena. This is definitely one of them.
I urge all others to at least take a trial swing for the handsome payout coming our way very soon. You can always sell your units so it's not like there's much at risk. And with the hefty distribution in tow, what's to be risked anyhow?
There's a distribution set to come our way. The yield is just short of 10% and if anybody cares to look more closely, you'll find this is an extremely promising stock pick. It goes ex-distribution the last day of this month so this is about where folks will start to jump on board.
I hope we begin to attract more investors as this is a very neat investment vehicle. And there are very few companies out there with similar business models. The long and short of it is this:
The company operates a shuttle service for tankers unable to get into port due to any number of coastal regulations and the like. Bringing product to shore facilities is the name of the game.
Hope more folks take a peek. this is an unusually steady income stream opportunity and 10% is hardly something to be ignored---quarter after quarter.
There doesn't appear to be any board activity here in the world of KNOP so it looks ripe for establishing same.
I've held units in KNOP for several months. This morning I realized I'd better make room for a larger position as I'm sensing strong opportunity for both capital appreciation and a very nice income opportunity.
At present I hold 700 units with a cost basis of $21.34. This morning you might say that I shot myself in the cost basis foot, ponying up for the 300 units I added at $22.35. However, I knew today that this thing could take off for higher horizons, catching me off guard. So I sold half or so of my MDR and HLX positions to raise capital.
KNOP is an incredibly simple company to understand. Plain and simple:
It's a shuttle service for tankers. They own/manage/control about ten shuttles. These are under long term service contracts with the best of the best, globally speaking.
There's more to the story, and we can explore these together if you're so inclined. Input from others is always appreciated.
As of this moment, I can say that I'm convinced this pick will be a flyer and I'd be the fool to not respond to the call of the night. It's beckoning. I find the capital appreciation side alluring enough but I can't dismiss the $2.08/unit payout, either. With much of my investable cash tied up in NGL, ALDW and some others discussed on IHUB boards, I'm hamstrung with no available cash to invest further in this fine pick. But that will change.
This is part of the struggle where the investor must come to grips with his identity: Is he an investor, trader or both?
At times I may be one or the other and often it's a matter of wearing both hats. With that comes the realization that to make everything work, I've got to make hard choices. Thus it is that today I'm lightening up on speculative plays, deferring instead to more reliable longer term holds offering me income plus appreciation I can see around the nearest corner.
That can be quite alluring. And it has me picking and choosing and really scrunching down as I attempt to determine which plays are most likely to reward reliably and sooner than others. Tough call.