I don't know if Golar GMLP monitors iHub's message board's, but if not, I certainly wish they would... I'm not really happy with GMLP right now...
Golar doesn't make it real easy to contact them, except by out of county phone, USA...
Over the years I've had positions in GMLP for periods of time, some very lengthy periods...
Most recently, I took an entry after the May 31st earnings drop and then averaged down a couple of times when it kept dropping, accumulating 3000 shares at $15.42...
I hung on to get the August Dividend, ex-div Aug 6th, payout Aug 14th...
After a couple of moderate bumps up Aug 21 - 24, unfortunately, I didn't think I had received the dividend yet so didn't sell, I didn't realize the dividend was handled differently than my previous broker, and also on Aug 17, I had let another 1500 option shares exercise into equities at a strike of $15 for an average of $15.27 with 4500 shares...
I finally realized that I had received the dividend in the form of a cash deposit for the 3000 shares, but had no idea the stock was going to again drop another $3.00 from 15.65 to 12.74 after that...
In this case, and at the current loss, the dividend is really pretty insignificant...
The question is..? Where is Golar going with this from here..?
One of the particularly bothersome things about GMLP is the management ownership is absolutely 0% for GMLP, and management ownership for the older GLNG is 46%...
GMLP has a 41% funds ownership, but again, the fund's ownership for GLNG is at 99%, and also 2% bank ownership...
I realize that GMLP is a "Limited Partnership", but it still makes you a little nervous seeing these stats...
And I've mostly done well with GMLP in the past...
But also, that was then...
denise
