McDermott International Inc. (MCDIF)

[jugs]

This morning I completed my liquidation of MDR. This was made necessary by my determination to build my positions in ALDW. As the latter pays distributions as available (based on free cash flow), this is a no-brainer for me.

For at least several years running, I've traded MDR aggressively. I've yet to fail to come up with a sizable profit. Today is no exception and is especially noteworthy in that the drop in price accelerated largely following my selling. Lest anybody get the wrong impression, I held less than 3,000 shares so obviously my trades couldn't possibly affect the overall market. Last week I sold a lot of shares, too, as I see enormous opportunity in ALDW.

I won't be going anywhere as I really like this company. I'll probably re-launch a position during November with some of the NGL and ALDW distribution money. My target buy-in price will be somewhere in the $5 range, preferably slightly lower if available.

One thing I really appreciate is that GE and Baker Hughes has seen fit to piece together a new entity expected to close during the middle of 2017. I like that, not only because I have a couple of thousands of GE shares but especially because it demonstrates that GE is seeing great potential in the energy sector as well.

It may take a few months but I figure MDR is going to rise from the current lows. And I'll definitely be here with you folks!