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@ElLobo wrote:

@Capital wrote:

@ElLobo wrote:

@Capital wrote:

I will be watching earnings this time. If they are not satisfactory I will probably bail. I have other places to invest the money I have here. Last quarter they took a big hit on their hedging. This time we will see if that continues. I have two positions this stock-different accounts. The first bought at the  worst possible time 04/27/2017 and averaged down with subsequent buys to $22/share and a second bought 08/2019 at $18.50/share. Wish I had bought all at the $18.50 price. Dividend has remained steady at 52 cents per quarter. This is a very small player in a very small niche market.


After reading their update on their business operations especially wrt oil prices and the virus, I'm seriously thinking about taking a position in it, especially below $10!  Thanks for keeping up with this guy, Capital.


Hey @ElLobo  how ya doing.  The only thing I have been unhappy about with KNOP is my original purchase price. It seems stable, even with COVAD-19 raging. I'm watching their time charters right now. They have a few renewals toward the end of this year that I find bothersome. They have quite a few that come up for renewal in 2022. While oil prices do not directly affect their revenues, it does affect their customers who are drilling for offshore oil.


Yup, that niche thingie again!  It's been so long since I did any DD on individual stocks, but with last month's market tank, it might be time to rethink things a bit.  A 22% yield supported by a cash flow that has been steady for so long with their symbiotic business model has some appeal!


KNOP up 10% today - @ElLobo  that you buying?? ::))

Capital
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@Capital wrote:

@ElLobo wrote:

@Capital wrote:

@ElLobo wrote:

@Capital wrote:

I will be watching earnings this time. If they are not satisfactory I will probably bail. I have other places to invest the money I have here. Last quarter they took a big hit on their hedging. This time we will see if that continues. I have two positions this stock-different accounts. The first bought at the  worst possible time 04/27/2017 and averaged down with subsequent buys to $22/share and a second bought 08/2019 at $18.50/share. Wish I had bought all at the $18.50 price. Dividend has remained steady at 52 cents per quarter. This is a very small player in a very small niche market.


After reading their update on their business operations especially wrt oil prices and the virus, I'm seriously thinking about taking a position in it, especially below $10!  Thanks for keeping up with this guy, Capital.


Hey @ElLobo  how ya doing.  The only thing I have been unhappy about with KNOP is my original purchase price. It seems stable, even with COVAD-19 raging. I'm watching their time charters right now. They have a few renewals toward the end of this year that I find bothersome. They have quite a few that come up for renewal in 2022. While oil prices do not directly affect their revenues, it does affect their customers who are drilling for offshore oil.


Yup, that niche thingie again!  It's been so long since I did any DD on individual stocks, but with last month's market tank, it might be time to rethink things a bit.  A 22% yield supported by a cash flow that has been steady for so long with their symbiotic business model has some appeal!


KNOP up 10% today - @ElLobo  that you buying?? ::))


I thought long and hard about it, but decided the threat of deflation, going forward, is at least 50/50, so I've gone to, so far, a 16% cash bucket.  I sold some of my 2X leveraged 20 year divey aristrocrat ETN, SDYL, to raise that cash.

ElLobo, de la casa de la toro caca grande
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http://www.knotoffshorepartners.com/investor-relations/investor-information/news/press-release-detai...

KNOT Offshore Partners LP Announces Extension of Charter of Torill Knutsen and Change to Board

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http://www.knotoffshorepartners.com/investor-relations/investor-information/news/press-release-detai...

KNOT Offshore Partners LP Announces First Quarter 2020 Earnings Results Conference Call

The important information in this release is "KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the First Quarter of 2020 before opening of the market on Thursday, May 28, 2020" 

 

Capital

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http://www.knotoffshorepartners.com/investor-relations/investor-information/news/press-release-detai...

KNOT Offshore Partners LP: Earnings Release—Interim Results for the Period Ended March 31, 2020

They took a huge unrealized loss on their derivative investments during the quarter. From the earnings release:

"Realized and unrealized loss on derivative instruments was $23.7 million in the first quarter, compared to a gain of $4.2 million in the fourth quarter. The unrealized non-cash element of the mark-to-market loss was $23.9 million for the first quarter of 2020 compared to a gain of $4.9 million for the fourth quarter of 2019. Of the unrealized loss for the first quarter of 2020, $23.0 million is related to a mark-to-market loss on interest rate swaps due to a decrease in the US swap rate and $0.9 million is related to foreign exchange contracts."

Capital

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Not sure what a shipping company is doing dabbling in all of these non shipping activities and generating losses.  Seems they should stick to their own business model.

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https://finance.yahoo.com/news/cushing-asset-management-swank-capital-130200968.html

Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index

Capital

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@Capital wrote:

https://finance.yahoo.com/news/cushing-asset-management-swank-capital-130200968.html

Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index


I wonder ifn this will affect KNOP?

ElLobo, de la casa de la toro caca grande
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@ElLobo wrote:

@Capital wrote:

https://finance.yahoo.com/news/cushing-asset-management-swank-capital-130200968.html

Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index


I wonder ifn this will affect KNOP?


@ElLobo  I posted the link because it was news about KNOP.  I did a Google search and only found one ETN that followed this index. I would guess that any effect, in any, will be very short lived. I had no plan to trade on this information. Others may have a differing opinion that I would respect.

Capital
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Never heard of this index; I doubt if removing KNOP will have much effect.  Cutting the dividend of KNOP, which is likely, will have a huge effect on the price.

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http://www.knotoffshorepartners.com/investor-relations/investor-information/news/press-release-detai...

KNOT Offshore Partners LP Announces 2020 Annual Meeting

ABERDEEN, Scotland--(BUSINESS WIRE)-- KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) advises that its 2020 Annual Meeting will be held on August 28, 2020. The record date for voting at the Annual Meeting is set to July 24, 2020. The notice, agenda and associated material will be distributed prior to the meeting.

The 2020 Annual Meeting will be held at One Elmfield Park, Bromley, BR1 1LU, United Kingdom at 12:00 noon UK time.1

_________________________________

1 Based on any regulations or recommendations by local public health authorities, the Annual Meeting location may be changed, or the Annual Meeting may be held by means of remote communication. We will announce any alternative arrangements for the Annual Meeting by press release in advance of the Annual Meeting.

View source version on businesswire.comhttps://www.businesswire.com/news/home/20200713005514/en/

KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Email: ir@knotoffshorepartners.com
Tel: +44 1224 618 420
http://knotoffshorepartners.com/

Source: Knot Offshore Partners LP

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http://www.knotoffshorepartners.com/investor-relations/investor-information/news/press-release-detai...

KNOT Offshore Partners LP Announces Second Quarter 2020 Cash Distribution

No change in the dividend.

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http://www.knotoffshorepartners.com/investor-relations/investor-information/news/press-release-detai...

KNOT Offshore Partners LP Announces Second Quarter 2020 Earnings Results Conference Call

 

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