There had been a few items that were a continuation of that post. Course, I've now forgottenwhat those were- Note to SELF: Post a sentence or mention an issue so it jogs the memory in the future.Anyways, I should continue with new thoughts. The OP was about three weeks ago, and Idid trim the Roth stake. I blundered on SFL in Dec 2011, but 80% gains in less than 10 monthsmore than makes up for that. An additional bonus is that SFL has since pulled back about12-15% since then. Since the OP, SFL have also announced a secondary offering, so there'sanother temporary cause for downward price pressure. About that, suppose its 7M shares with over-allotment, @ $16-ish, would be about $102M. In the scheme of things, that's not a whole lot for vessel expansion. Sure, it could cover the down-payment on a few vessels. But if FRNT is JF's tanker consolidation entity, I seriouslydoubt SFL would also be pursuing new tanker vessels. The again, SFL is the catch-all JFentity that supports other JF companies. Since FRNT is multiple sub-sectors of tankersi.e. crude, product & LPG, I suppose it is still a possibility for a tanker purchase, but have those vessels eventually be managed by FRNT. For instance, I read somewhere that FRNThad recently exercised some (all??) of the LPG options. The suddenness of the share offering kinda puzzles me. Perhaps there's a distressed saleopportunity that has come up? But SFL was already sitting on a cash-pile, more thanwas raised in the offering. So another possibility is that perhaps JF wants to shore upthe SFL dividend. One way to do this would be to add another UDW drilling asset as anoff-Balance Sheet item similar to the current three. Okay, but which one? An asset in therecent BP-related contract? Well, one's an existing UDW asset, and the other two are newbuildswith delivery dates in the second half of 2013. While a possibility, it isn't SDRL's styleto arrange financing that far in advance.Completed a review of GLNG--http://boards.fool.com/revisiting-glng-in-2012-30304879.aspx... Now that I have lightened my JF stake in both SFL and FRO, I feel too light in my JFholdings. GLNG is a possibility, though it is a little on the higher side of where Iwould like to start a position. Can the GLNG price take off? Well, if they announced amid-term charter with a healthy charter rate on one of the newbuilds- maybe. Another FSRUdeal might also provide a small pop. GLNG has been slowly pulling back- split thedifference and wait for $35-ish?--NOTE: FRNT item
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