Replies to post #7 on KNOT Offshore Partners (KNOP)

[maryjn]

I've been watching it for several weeks. It's help up pretty well during the selloff.

[jugs]

No. I think I did alright with it but when it went through the beginnings of a rough patch I decided it wasn't the best place for me. I think I was building ALDW and NGL at the time. Over the ;ast half dozen years or so I've reduced the number of holdings to about a dozen, That way I can plow more cash into fewer vehicles for far greater rewards---or failures as the case may be. Fortunately there've been no failures with the exception of a $3K investment for fun in HDYN which went belly up. Several years ago, however, I'd gained more than $200K in it, no I bear no grudge. lol

I took a similar flier in SDLP this morning. Just a thousand units of this offshore driller. It's been gaining ground (no pun intended) via contracts---attractively written ones at that. Coupled with global oil tightening and increasing rig activity and my feeling damned lucky these days---I gambled on a position. I held this stock a couple of years ago and enjoyed watching it move from under $3 to $9. Sold off shortly before it hit nine and did really well.

I'm not suggesting this as a hold for anybody, it's a trial bid for the moment. But it could go very nicely.

Good hunting!