Also, there is an uptick in shipping. Rates (once $200,000+/day dropping to $2,000+/day) are recovering around $8,900/day. I can't tell what rates go with dry goods shipping & which rates go with oil tankers. But I'll have it all down before I pull the trigger.
Mostly looking for dry goods movements from Central/South America to China as well as Australia to China.
On dry good shipping, two companies looked pretty good from the small pool I have been sampling: Diana (DSX) and Eagle (EGLE). Dividend changes aside, they just look like winners. Lately, the penny stock 'whatevers' have been touting DryShips (DRYS) and it has been a daytraders dream for the past 10 days. On oil tankers, I still am watching Frontline (FRO).
I'm sure there are others and if anyone can shed light on the sector, I'm all ears! Oh yeah.... do you have any knowledge of (energy sector natural gas) EEP or ETP? Also, in coal NRP? There used to be a saying that "I've never seen a limited partnership that didn't fail".... and Globalstar still stings. These are all partnerships... successful... but would like your opinion if you are familiar with them.
Gotta run... it's my night to cook...
