Hohum777

Chris Mascarenhas

Hohum777’s Activity

Today

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Boards Post

Hohum777 posted to the Value Hounds board. 2 hours ago

Ho Ho HoHum ideas

Okay, 2014 is winding down,

and

That overweight dude based in the North Pole is going to be making deliveries soon

and

I thought it was time to consider ideas for 2015

*** So, I start with a warning- I [more]

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Boards Post

Hohum777 replied to the Shipping News board. 4 hours ago

Re: TNK expands

BTW, I did own a small TNK position briefly twice during the first half of 2014

First exit, small loss
Second exit, small gain
Combined result, net gain

All purchases below $3.60/sh because that's a reasonable starting price [more]

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Boards Post

Hohum777 replied to the Value Hounds board. 7:23 AM

Re: Teekay makes progress

Responded on the Shipping News board


http://boards.fool.com/i-am-a-little-annoyed-at-myself-for-n...

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Boards Post

Hohum777 replied to the Shipping News board. 7:14 AM

Re: TNK expands

I am a little annoyed at myself for not taking a TNK position when the stock traded below $3.75/sh a few
month ago. OTOH, I added to NNA in Sep and Nov, so I did pick a good alternative tanker idea.

As far as the Seeking Alpha post, the [more]

Fri Dec 19

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Boards Post

Hohum777 replied to the Value Hounds board. 8:42 PM

Re: Teekay makes progress

Of course, TNK then go into the habit of having a major share offering to cover the equity portion of such a
transaction. TNK announced a 20M share offering @ $4.80/sh, and TK will purchase $20M of shares at the same price.
That's around a [more]

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Boards Post

Hohum777 replied to the Macro Economic Trends and Risks board. 5:11 PM

Re: A tale of two shipping sectors

I suggest you might want to look into CPLP. The main risk is it has a concentration in product carriers
(diesel, jet fuel, etc.) which benefit from the Jones Act.


Yes, except CPLP is NOT a Jones Act approved carrier. Besides the [more]

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Boards Post

Hohum777 posted to the Macro Economic Trends and Risks board. 3:31 AM

A tale of two shipping sectors

The tanker sector is behaving quite well, the dry bulk sector not so much. The VLCC category is seeing its
highest spot rates in four years- was around $83K daily last week (about $25K daily to cover a leveraged VLCC),
and even higher this [more]

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Boards Post

Hohum777 posted to the Value Hounds board. 3:09 AM

Teekay makes progress

A couple of months ago, I mentioned the ongoing plan of Teekay Corp (TK)--
http://boards.fool.com/2014-teekay-show-pt-1-31440803.aspx


Most of the roughly 150 [more]

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Boards Post

Hohum777 replied to the An Open Letter board. 1:24 AM

Re: An Open Letter

as opposed to
http://en.wikipedia.org/wiki/Four_Corners


BTW, Four Corners moves every 8 - 10 years. So who knows if one is ever visiting the precise location? :)

Thu Dec 18

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Boards Post

Hohum777 posted to the Shipping News board. 11:19 PM

TNK expands

Teekay Tankers (TNK) announced plans to expand its fleet by acquiring 5 Aframax vessels (4 coated, 1 uncoated)
for around $230M. The vessels range from a 2008-build to a 2011-build, and the coated vessels can trade dirty
or clean; delivery in [more]

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Boards Post

Hohum777 replied to the Shipping News board. 10:55 PM

Re: TIL expands

Medium term, this must be somewhat annoying for Teekay Tankers (TNK) shareholders

And Teekay immediately prove me wrong ... TNK's expansion plans announced about 36 hours later (12/19)

... next thread

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Boards Post

Hohum777 replied to the Value Hounds board. 9:24 AM

Re: Cuba

How about casino stocks? I seem to recall that casinos were a big business before the Cuban revolution.

Pair that with the recent decline of Atlantic City casinos business, gamblers on the East coast might
enjoy weekend jaunts to Cuba [more]

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Boards Post

Hohum777 posted to the Shipping News board. 8:59 AM

TIL expands

Teekay-backed entity, Tankers Investment Ltd (TIL), has added six newish Suezmaxes to its fleet for $315M

[more]

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Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 2:23 AM

Re: Yes, It's Frozen Over

IIRC, in one of the earnings call events, the SFL CEO or CFO identified all five VLCCs.

Not sure how far along ET4 is with his digging, but the curiosity bug bit me, so I went digging. The five
VLCCs in Frontline II [more]

Wed Dec 17

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Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 11:01 PM

Re: My shipping basket

Some interesting developments the last few days
- GLNG sells newest FSRU vessel to GMLP, but charters the vessel back from MLP for six months.

- SALT converts vessel orders from Cape => LR2 tankers, and sells newbuilds + options to [more]

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Boards Post

Hohum777 posted to the Shipping News board. 9:06 PM

STNG adds vessels

Scorpio Bulkers (STNG) switched six Cape newbuild orders to LR2 orders, and Scorpio Tankers (STNG) have acquired
four of the newbuilds, and an option to acquire the remaining two.

[more]

Tue Dec 16

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Boards Post

Hohum777 replied to the Hohum's RollerCoaster Ride board. 10:40 PM

Re: Dec 2014

12/16
After a three-day run during which the share prices more than doubled, FRO gave some back today. There was a
confounding factor that got added to the mix- FRO decided on another debt-for-equity exchange, and cleared
another $22.5M [more]

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Boards Post

Hohum777 replied to the Frontline Ltd. board. 10:29 AM

Re: Nice bounce

Yes, I saw the announcement of the debt-to-equity exchange - I notice the exchange price for the initial shares
@ $3.19/sh is much higher than previous cases.

Only $127M left of convertible bond ...


Quite tempted on the [more]

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Boards Post

Hohum777 posted to the Frontline Ltd. board. 10:12 AM

More convertible exchanged

FRO announced another $22.5M of the convertible bond has been exchanged for a combination of shares and cash

[more]

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Boards Post

Hohum777 posted to the Shipping News board. 8:01 AM

GLNG transfer

Golar has agreed to sell its newest vessel and latest FSRU, Golar Eskimo, to Golar Partners (GMLP) for $390M.
The set-up of this transaction is slightly different from prior transactions. The first six months of 2015
Golar will operate the [more]

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Big gold star, 5000 posts Old School Fool
Board Posts 11000
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Very First Post Re: regular ira (2/20/2000)
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