Hoegh LNG Partners LP Common Units representing Limited Partner Interests (HMLP) Social Stream
Featured Post From StockTwits About HMLP
$HMLP My losses in the partnership are totally unrealized at this moment. I believe at this time, the law firms are gathering clients, who have sold out because of the cut in the distribution. These investors have real and permanent capital losses because of their fear of the default on the debt. So, I've choose to more than doubled my holdings in $HMLP, mainly because I don't believe default will happen. My average cost is such that I break even at $9.23, and even if the partnership only resumes the distribution at half the level it was, my income from the partnership will be restored to the level it was before the cut. The law firms probably will not be able to do anything unless there is a serious conflict of interest with the operating partner in this mess, or a material omission of facts, or material misrepresentation in the audited annual reports. And that is about as unlikely as default.JPK53, published August 14, 2021
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