$7.77, down 20 cents (2.51%) last.
A couple notes on this chart:
1) The late July spike was concurrent with the release of the June 30th 3-and-6 month report.The company will release its financial results for the third quarter ended September 30, 2018 after the close in New York on Thursday, November 15, 2018.
2) The stock has tested the current support four times since early May. That is not a 'base' that is testing support.
The risks:
1) It's a Greek shipping company. Based in Monaco. Traded in the U.S. With an untraded (read opaque) sister company.
2) The company just closed (Oct. 24) a "$55,000,000 Public Offering of 8.75% Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units."
Astute—or even semi-conscious—reader will note that in addition to taking a lot of words* to name what was being sold, the dividend offered was considerably above the risk-free rate.
On the other hand the company will be taking delivery of three brand-spanking-new ice-breaking LNG tankers from Daewoo Shipbuilding and Marine Engineering for the Russian Northern Sea Route:
One final note, these things move fast and "Ya snooze, ya lose" is not just a rhymey aphorism. Here's the last Monaco base LNG hauler we looked at:
*See also July's "Structured Products Are Back Baby!" wherein Alphaville's Dan McCrum introduces us to the
As noted at the time: "How can anyone look upon this and not weep tears of joy?""Auto-Callable Contingent Coupon Barrier Notes Linked to the Lesser Performing of Four Equity Securities, Due July 1, 2021."
Dynagas LNG Partners LP press release page.
