No. of Recommendations: 0
Hi Anurag. I have been nibbling on MLPs some. I have not taken a close look at TLP, but the name certainly sounds familiar. If I recall correctly, some sort of Transmontaigne entity was a former recommendation for a different Motley Fool service before it was bought out by an investment bank. I'll have to take a closer look at TLP.

The companies that I have been eyeballing are pipelines and natural gas companies that can easily cover their dividends with their current level of income, even if it drops some. I also have been looking closely at dividend paying power companies and bluechips that have gotten smacked around. Tankers are tough.

While the dividend yield that is listed on places like Yahoo! for shipping companies like Frontline (FRO), etc... obviously look amazing right now they are not sustainable. Shipping rates have fallen off of a cliff. They will eventually rebound, the question is when and if they will approach their previous high level.

This will depend upon how long the current economic slowdown is. People will probably eventually be able to do very well purchasing shippers, the question is when to pull the trigger. I personally am staying away from them for the time being. If you do buy now or in the near future, pay close attention to the level of debt. You want to buy a company that will survive this slow period.

Deej
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