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.
