No. of Recommendations: 0
While waiting for FAX to return to more reasonable levels, I'm thinking of taking a bite on
Aberdeen Chile Fund (CF), another CEF managed by the same entity. This year, FAX has traded in
a fairly narrow channel. OTOH, CH has bounced around quite a bit. It also has a quarterly
payout that seems to have some variability. While the Brazilian picks have been a mess this
year, with CH I would get a basket of Chilean ideas in one transaction. Plus, potential upside
if the dividend payout increases.


Saw this article on TNP--

Unlike many other SeekingAlpha writers who post articles on shipping ideas, this guy at least
has a stake in TNP. I wonder, what is his TNP cost basis? I have a suspicion it is higher
than the current price. He seems to be reaching in several areas e.g. the yield is 5.3%, not 6%.
The upside on the LNG side is muted since the vessel doesn't deliver until 2015. AFAIK,
TNP has not released the rates for the recent ice-class vessel charters. While it
is possible one, two, or all three vessels, might have secured above-average rates, it is
also likely TNP opted to fix charters to secure a steady income the next few months.
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