Traders Cooperative

[Joe Stocks]

HMLP_ Another special situation fundie trade. HMLP has an outstanding buy offer from Hoegh LNG, the holding company for $4.25 a share. Shares currently trade at $4.33.

I am thinking when Brookfield Business Partners bought TOO and initially to put in a low ball offer to buy the remaining units they did not already own. TOO traded above that offer and BBP eventually raised the offer and it became a very profitable trade.

HMLP was trading at $18 last August. And were paying a $1.76 annual dividend. Now they pay a 4 cents. Here is an article that explains what happened.
https://seekingalpha.com/article/4479571-hoegh-mlp-is-a-hold-and-maybe-a-buy-for-some?v=1644844644#comment-91522513

I don't like these holding companies being heavy handed in these take over offers. But I think there is potential to profit on this one.

Speculative trade. 1% of portfolio. Earnings out by end of month. I don't see that a date has been announced. Certainly I think the company will be making comments about the offer. Hopefully the board has decided to turn it down.