Published Thu, 10 Jan 2019 09:47:36 -0500 on Seeking Alpha
RISK WARNING: The following preferred stock update concerns an offshore maritime midstream company which is higher risk and has an above average probability of loss. This has to be stated upfront. Conservative or risk-averse investors may not want to continue reading or to read the note with this fact in mind.
Okay, I feel like the surgeon general for the risk warning, but I believe it is appropriate. The following is about a company I am long (common and preferred) and I noticed an interesting price action which I believe warrants mention and consideration for at risk/high risk capital.
Teekay Offshore (TOO) is an international midstream services provider to the offshore oil production industry focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. TOO operates shuttle tankers, floating production, storage and off-loading ("FPSO") units, floating storage and off-take ("FSO") units, a unit for maintenance and safety ("UMS"), long-distance towing and offshore installation vessels and conventional crude oil tankers. As of September 30, 2018, their fleet consisted of 36 shuttle tankers (including six newbuildings which are scheduled for delivery in late-2019 through 2021, two chartered-in vessels and one HiLoad Dynamic Positioning unit), eight FPSO units, six FSO units, ten long-distance towing and offshore installation vessels, one UMS and two... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|DYNAGAS LNG PARTNERS LP||1.41||0.0||-0.24||0.25||16.89|
|GASLOG PARTNERS LP||21.31||14.5||1.47||2.20||10.17|
|TSAKOS ENERGY NAVIGATION||3.41||0.0||-1.30||0.20||5.87|
Older articles featuring Dynagas Lng Partners Lp (DLNG):A 9.8% Yielding Portfolio Beating The Market: The Cash Flow Kingdom Income Portfolio Mid-Year Review
Low Yield Vs. High Yield Preferred Stocks. Is The Spread Wider Than You Thought?
Shipping Industry Preferred Stocks - High Yields, But Watch For Riptides
Dividends By The Numbers For March 2019 And 2019-Q1
Oil And Gas Industry Dominate January 2019 Dividend Cuts
GasLog: A Well-Covered Preferred Yielding 10.4%
94 Mid-December 10%+ Yield Dividend WallStars Enjoy Jolly Target Gains
81 Pre-December 10%+ Yield Dividend WallStars Boast Bullish Target Gains
Capital Product Partners: Nearly 12% Yield With Growing Coverage And No K-1
The Safer High-Yield LNG Play: Hoegh LNG Partners