K-Sea Transportation Partners L.P. (KSP)
A limited partnership company which provides refined petroleum products marine transportation, distribution and logistics services in the U. S. domestic marine transportation business.
Recs
As long as we need heating oil or gas for our cars this company will be safe. It works with some of the largest oil companies lugging over 150 million barrels of oil last quarter. It has reduced its fleet last quarter and has seen demand increase over the past two quarters, The company is now profitable, and should be able to hold through next year.
With some of it's clients purchasing and researching algae fields for the alternative green fuel. The algae fuel will still need to be transported by someone and who better then the company that they already work with.
The company cut its dividend and the stock tanked, which now makes the yeild over 16%. This price will not last.
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covenant issues
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Mmm...shipping oil...
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The advantage of long term leases and ease of transportation between US ports will make this stock a winner as oil prices rise.
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Tanker with good dividend. Economy picking up,shipping with it.
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The greenies in the US will never allow this country to provide ANY of its own oil and gas, it seems. KSP, which delivers oil with its own ships, may at times ride lower in the water, it will not sink. As a Limited Partnership, it continue providing excellent dividends for reinvestment. Presently it has a dividend yield of 15.30 compared to the industry wide yield avg. of 4.10.
The company has a P/E of 22.90, the Indusry rate is 33.80. The P/E is higher than most companies I prefer, however, overall, this company should continue growing as the economy rebounds.
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Strong dividend and switch from ATN
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oil and everything that goes with it. hurricane session starting. there are a lot of good thing for this stock. right now. if oil continues to rise even better. a good get in and out. even if it's until next season to see what may happen.
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K-Sea and the Sunshine Band
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Strong market demand for services, good dividend.

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