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Why is DryShips dry bulk fleet so attractive? Because almost all of it is trading in the spot markets. Dryships older bulkers -- 12 Panamax, 5 Kamsarmax and 4 Newcastlemax -- are money-printing machines in a period of rising rates.
BDI is legit hot right now.
What is catalyst management has used as guidance, acquire new vessels? M&A discussions?
Industry is showing serious life. Long shipping companies right now.
Enterprise Products is the gold standard on how to run a big midstream business, with a high coverage ratio, relatively low yield, and a simple ownership structure that is aligned with unit holders. If you can get Enterprise Products Partners at a 7% yield, then I believe investors should do so.
At this valuation, frankly, I'm willing to accept it. In Enterprise, you'll get a 7% distribution yield that is the safest of the big midstream MLPs.
I do expect slower distribution growth, and perhaps slower DCF growth overall to about 4% or 5% per year. I am more than fine with that.
Seemed that some of it was due to continued OPEC cuts.
$GOPH in play. - SAN DIEGO, CA -- (Marketwired) -- 11/14/17 -- Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher" and the "Company"), a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, proudly introduces Gopher Protocol's "dDrone" technology, which uses Artificial Intelligence (AI) to create what is believed to be the world's first" Smart Drone." Gopher AI drone technology uses machine learning to give drones advanced flight capabilities. Gopher's AI drone technology can solve complex problems related to geo-locations, weather conditions and obstacle avoidance.
$ASCK - news reads good. This is a growing sector.
So do you anticipate this ramp up to put pressure on WTI?
Do you know if the NE still has such bottle neck issues that rallied prices a lot in recent years?
I believe last year it was the day before. Let’s hope everyone’s pumping that turkey gas this week lol
$TSLA / Chanos says Tesla 'ticks all the boxes' for being the perfect stock to bet against https://www.cnbc.com/2017/11/14/chanos-says-tesla-ticks-all-the-boxes-for-being-the-perfect-stock-to-bet-against.html
No bill passed yet however: A separate White House official said the administration had a 70-page policy document that would serve as the guide for the infrastructure legislation, but specifics of the plan have yet to be revealed.
$TVOG: Rep. Sam Graves (R-Mo.), chair of the Transportation and Infrastructure subcommittee on highways and transit, said passage of tax reform legislation is a priority, and once that is achieved, infrastructure is next in line. The House passed its tax reform measure Thursday, and lawmakers are hoping they can get a Senate bill worked out quickly enough to wrap up a final deal by Christmas.
Tax bill paving way for infrastructure bill: The Trump administration and select members of Congress have reportedly started working on what will eventually become the president's much-anticipated infrastructure bill, The Hill reported.
https://www.constructiondive.com/news/report-congress-white-house-working-on-infrastructure-bill/511182/
Very informative. Interesting the wide uses for bitumen. Wasn’t thinking much past roads.
Also from that site:
Why is Bitumen Used in Road Construction? Properties and Advantage of Bitumen for Pavements
https://theconstructor.org/transportation/bitumen-road-construction-advantages-pavements/15784/
Good call. Opportunities here to trade 3x leverage are good for all.
Yes if. But even then let’s see the market show us the return potential and not paint blue sky. Good to see some familiar faces here though.
$PLG An Update On The Outlook For Platinum Supply $PPLT http://www.seekingalpha.com/article/4121050
Sure I get trying to catch the bottom. I use cost averaging a lot in trades so if it dips I’ll lower my average. Many others need to already of course that bought a long time ago.
Starting a position here. Hope to average some lower but will hold long term after this.
I’ll have to dig some more to see what I can find.
Our investment funds earned a return of 5.1% in Q3 2017, compared to 6.5% in Q2 of 2016. Our Q3 2017 performance was driven by net gains in certain long equity positions and a single name short position, offset in-part by net losses from our equity index positions. Net sales for our Automotive segment in Q3 2017 were $2.5 billion, an increase of 6% versus the prior year period.
For Q3 2017, we had net income attributable to Icahn Enterprises of $597 million or $3.53 per LP unit, compared to a net loss of $16 million or $0.12 per LP unit in the prior year period. Adjusted EBITDA attributable to Icahn Enterprises for Q3 2017 was $567 million, compared to $467 million for Q3 of 2016.
Good one I agree.
No. Been watching for things to shake out. Restructuring and dividend cuts were inevitable.
Will be watching closely.
Further draw downs this week should indicate growing seasonal demand as we have expected.
Agree with your points. They have a ways to go to turn it around at this point. Ultimately the interests here and there model hasn’t seemed to work so they likely need to take approach of growth through M&A.
CVI Icahn position is a fairly large ~9% of the US long portfolio position first purchased in Q4 2011. The bulk of the current position (71.2M shares: 82% of the whole business) was purchased through a $30 per share tender offer in H1 2012. The stock currently trades at $31.74.
$IEP is a very long-term Icahn position that has seen consistent buying over the years. The position size saw increases from ~98M shares to ~102M shares in 2013, to ~109M shares in 2014, to ~117M shares in 2015, to ~130M shares in 2016, and to ~154M shares currently. Q1 2017 had seen a ~10M share increase at a cost basis of $53.71 and that was followed with a ~9M share increase last quarter at a cost basis of ~$49. Another ~4M shares were acquired this quarter at ~$53. The stock currently trades at $52.86. Icahn owns 90%.
India’s road sector began recovering only recently from years of stagnation. Between 2012 and 2014, the government could only award 5,000km of road projects. Prime minister Modi, on the other hand, promised to build 41km a day after he came to power. However, his government has been constructing only 25km a days so far, totalling around 8,200km in the last financial year. Given that performance, building 16,700km of roads every year for the next five years to meet the 83,677km target won’t be easy for the government.
More: http://www.weforum.org/agenda/2017/11/india-is-planning-to-build-83-000-km-of-roads
India Road Boom: In the next five years, the government plans to build 83,677 kilometres (km) of roads by spending a staggering Rs7 lakh crore ($108 billion). This is the largest-ever outlay for road construction in India and the length of the proposed roads is more than twice the Earth’s circumference (around 40,000km). In all, India has about 96,260km of national highways, while the total length of all roads is about 3.3 million km.
This week Futures +0.26% to $3.088.
EIA Natural Gas Inventory: -18 Bcf vs. -14 Bcf consensus, +15 Bcf last week.
The new fund reportedly will be used to create a New York-listed special purpose acquisition company that focuses on investment in oil and gas exploration and production outside the U.S
Carlyle Group (NASDAQ:CG) is raising up to $1B for a new fund to invest in oil and gas outside the U.S., after CG’s overseas energy investment fund set up in 2013 nearly exhausted its $2.5B war chest following a number of high-profile deals, Reuters reports.