Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Ocean Yield: A 7.5% Dividend Yielder With Strong Revenue Visibility

(Editor's Note: Investors should be mindful of the risks of transacting in highly illiquid securities such as OYIEF. Ocean Yield's listing on the Oslo Stock Exchange, OCY.OL offers better, albeit limited liquidity.)

Investment Thesis

Ocean Yield (OTCPK: OTCPK:OYIEF), a ship owning company, invests in oil service and industrial shipping assets on long-term charters. Ocean Yield has firm revenue and EBITDA visibility through investment only in assets with long-term charters and this gives safety for dividend seekers. The company has also embarked on an aggressive expansion plan and this should help boost the long-term outlook and valuation. This thesis discusses these positives along with the current valuation and financial flexibility to conclude that Ocean Yield is a good investment with...

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