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Author: Hohum77 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3125  
Subject: Mid Dec 2008: LNG + Refined update Date: 12/18/2008 12:40 AM
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Hi,
Yes, No, Yes, No. Went back and forth on this group. Still undecided, but they get a mention to close out 2008. I didn't
follow them too closely the last month, but quickly scanning news items, I think there have been some developments

Stock	31-Dec	15-Apr	15-May	13-Jun	15-Jul	15-Aug	16-Sep	15-Oct	14-Nov	15-Dec 
GASS 13.58 15.84 17.00 15.12 13.96 16.46 13.97 8.97 03.98 3.37
GLNG 22.12 19.88 20.05 16.86 16.61 16.73 13.26 7.39 05.71 6.24
TGP 29.67 29.40 29.30 28.26 24.31 22.48 18.01 14.70 13.04 12.55

ANW 38.39 38.43 42.18 37.92 37.08 33.34 25.64 10.74 11.20 13.27
KSP 35.89 34.95 36.35 33.37 28.87 24.97 20.50 16.24 16.49 13.90
ONAV 15.80 17.91 21.66 17.19 15.54 14.80 13.73 6.24 07.02 6.42
OSP 18.55 13.73 13.90 14.04 13.06 12.74 10.68 7.28 04.31 5.12
RAMS 6.55 5.01 5.56 5.24 3.12 3.13 2.09 1.25 00.84 0.61
TOPS 3.34 8.00 9.03 6.93 5.78 4.51 4.54 2.45 01.87 1.62
TRMD 35.24 30.55 35.24 32.73 31.21 32.53 27.29 14.41 13.06 11.64
USSPK 13.12 10.65 8.01 2.95 1.43 2.70 1.88 0.94 00.20 0.235
CPLP 16.64 13.01 9.86 07.46 7.61


ANW - announced a share buy-back on Monday.
http://finance.yahoo.com/news/Aegean-Marine-Petroleum-prnews...

I can wrap my arms around their niche, a potential moat over the long term. But, I can't seem to pull the trigger. Again, these guys just supply fuel to other shipping vessels, they don't care too much about
Spot and time-charter rates.

KSP - maintained distribution of $0.77/unit. They have about
$420M in debt, but only $36M matures thru the end of 2010.

GLNG - closed out my small position this week. Lots of potential, no momentum. Lost bid on long-term off shore project in
South Africa. 2 vessels return from dry-dock for spot duty- probably
no work for remainder of this year. What potential then? Well, first
FSRU (Floating Storage Regasification Unit) vessel started work with Petrobras, and will be joined next year by a second vessel converted for FSRU activity- nice long term contracts ($850+M spread over 11-years). Have another similar type deal but only one vessel involved there. If the stock revisits $4 - $4.50, I might bite.

TOPS - talked potential deal with DRYS @ $6/sh, but DRYS lowered offer to $3/sh, and company walked away. Sold 5
Suezmax vessels to FRO, so now the company is mainly product
tankers plus 5 Dry Bulk vessels.

OSP - Price needs to recover a lot, else they probably won't get drop-down vessels from OSG. I feel the subsidiary usually gets the short straw when dealing with the parent. Unit price has rallied strongly as it traded below $4 for several weeks.


That's a quick recap

Hohum
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