JesuisHoHum47

Chris Mascarenhas

JesuisHoHum47’s Activity

Wed Feb 15

NL

Boards Post

JesuisHoHum47 posted to the Shipping News board. 1:37 AM

STNG q4 2016

Scorpio Tankers (STNG) announced their q4 2016 results yesterday (2/13/17)
- Rev of $106.1M (higher than expected)
- Net loss of $29.7M (lower than expected)
- Slashed div from 12.5c => 1c
- Shuffled around some repayments
- [more]

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Boards Post

JesuisHoHum47 replied to the Shipping News board. 1:09 AM

Re: Tanker sector: Never dull

Some changes in the FRO fleet.
- The two KG-financed Suezmaxes have left the fleet
- A charter-in Aframax has left the fleet
- FRO have another commercially managed VLCC- Oceanis (Not sure if this is similar to Nave [more]

Mon Feb 13

NL

Boards Post

JesuisHoHum47 replied to the Dividend Growth Investing board. 11:28 PM

Re: Tanker sector payouts

How do you feel the tanker segment is doing as a whole? Is there a fairly predictable business cycle? As there an index/ETF that is a good representative
of the segment as whole? Are there any information sources you'd recommend to learn
[more]

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Boards Post

JesuisHoHum47 replied to the Shipping News board. 10:11 PM

Re: Tanker sector: Never dull

Since FRO have not yet released their q4 2016 results, I can only refer to q1 - q3 of 2016.
If one compares the results of FRO's much older VLCC fleet vs DHT's newer, "higher quality" VLCCs, FRO spanked DHT in comparable spot [more]

Sat Feb 11

NL

Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 2:09 PM

Re: HoHum's Shipping basket 2017

2/10
Some changes to the port this week. Decided to exit SFL as we wait for the SDRL restructuring to heat up. SDRL owes SFL two types of payments - ongoing charter
payments and long-term payments. TNK pull-back made it a decent starting [more]

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Boards Post

JesuisHoHum47 replied to the Value Hounds board. 12:54 PM

Re: Oceaneering (OII) earnings

The owners of vessels that supply those rigs and offshore facilities (Tidewater, Hornbeck Offshore, Deep Sea Supply) are hurting really bad. The last of the
three has just consolidated with a pair of Norwegian companies involved in the business.

NL

Boards Post

JesuisHoHum47 replied to the Value Hounds board. 12:27 PM

Re: Getting ugly

Yes, learned a lifetime investing lesson on SDRL way before it hit single digits but a pretty far piece below where I bought it. Glad it was in a taxable
account to take the tax loss anyway. Lesson learned!!! Writing on wall but I ignored
[more]

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Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 12:06 AM

Re: Feb 2017

2/8 - 2/10
A whole bunch of small moves
- Sold TOO in Trading ac
- Trimmed IRMD in Trading ac on bounce. Will nibble back in, even if it means a wash
- Sold SFL in Roth ac. No position in any account
- Sold VWO in Trading ac. [more]

Thu Feb 9

NL

Boards Post

JesuisHoHum47 posted to the Shipping News board. 1:38 AM

Feisty CEO

Nordic American Tankers (NAT) changed the format of their earnings call. They switched to a model similar to Scorpio Tankers (STNG), where management talk very briefly about the company results and then take questions. NAT CEO Herbjorn Hannsson [more]

Wed Feb 8

NL

Boards Post

JesuisHoHum47 replied to the Value Hounds board. 10:32 AM

Re: Getting ugly

The name, Oceaneering International (OII), is familiar. But I have not looked into their business. My guess is, they could be a supplier to some of the offshore drilling companies. I do know the offshore drilling companies have been cutting costs. So [more]

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Boards Post

JesuisHoHum47 posted to the Value Hounds board. 1:07 AM

Getting ugly

Last year in late February, I had posted on the offshore drilling sector-

http://boards.fool.com/peering-into-a-quagmire-32136216.aspx...

The quagmire has [more]

Tue Feb 7

NL

Boards Post

JesuisHoHum47 replied to the Shipping News board. 1:05 AM

Re: Tanker sector: Never dull

2/6
DHT rejected FRO's (initial) bid. Ball back in FRO's court. Will FRO up their offer? While the poison pill prevented FRO from adding to its stake, it also prevented any other suitor from putting
in a competing bid.

On a [more]

NL

Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 12:02 AM

Re: Feb 2017

2/6
- Closed out PHK in Mizone ac on small bounce today
- Nibbled on SSW today
- Sold the SFL stake in DRIP ac. Tiny stake remaining in Roth ac

NAT released their q4 2016 results earlier today. As usual, NAT mgmt talk about [more]

Sat Feb 4

NL

Boards Post

JesuisHoHum47 replied to the Shipping News board. 2:55 PM

Re: Vessel deliveries

More deliveries in 2017
- DHT took delivery of their sixth VLCC newbuild. Company has placed order for two more VLCCs
- EURN took delivery of their two VLCC newbuilds
- FRO took delivery of a VLCC newbuild
I believe all these are [more]

NL

Boards Post

JesuisHoHum47 posted to the Hohum's RollerCoaster Ride board. 2:48 PM

Feb 2017

A bunch of moves on 2/3, all shipping ideas
- Trimmed OSG on bounce
- Closed out EURN in Trading ac
- Took some gains on DHT
Opted to realize some gains. Will likely exit from EURN and pick it up a little lower

- PHK slashed [more]

Wed Feb 1

NL

Boards Post

JesuisHoHum47 posted to the Hohum's RollerCoaster Ride board. 9:15 PM

Offshore drilling commentary 2017

Some interesting recent developments
1. SDRL restructuring continues. Some of the numbers being tossed around in the informal discussions seem a lot lower than I expected. This SeekingAlpa article
touches on both the Company (SDRL) proposal [more]

Tue Jan 31

NL

Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 10:21 PM

Re: HoHum's Shipping basket 2017

1/31
Going to try and do a month wrap-up on shipping basket this year.
Tanker results starting to come in - EURN reported last week, DHT reported today. Looks like VLCC spot in the low $30ks seems typical for q4 2016.
FRO threw a [more]

NL

Boards Post

JesuisHoHum47 replied to the Hohum's RollerCoaster Ride board. 10:01 PM

Re: Jan 2017

A few moves over the last few days
- Realized additional gains in GNRT
- Another AMRS nibble
- Another IRMD nibble in Roth ac
- Exited CPLP in DRIP ac
- Restarted NNA stake in Trading ac

DHT announced results earlier [more]

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Boards Post

JesuisHoHum47 replied to the Dividend Growth Investing board. 11:34 AM

Re: Tanker sector payouts

1/31
Double Hull Tankers, Inc (DHT) announced q4 2016 results, including an 8c/sh payout. This is a hike from q3 2016 payout of 2c/sh. However, the payout represents a
dividend cut from year ago (q4 2015) when the payout was 23c/sh. These [more]

NL

Boards Post

JesuisHoHum47 posted to the Shipping News board. 1:31 AM

Tanker sector: Never dull

FRO just announced an offer to merge with DHT with a share exchange rate of 0.725 shares of FRO per DHT share valuing DHT at $5.09/sh. FRO have a quietly been
accumulating DHT shares, and currently own about 16% of DHT shares. DHT have countered [more]

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