transportfan

Watch for Yourself: 60 Minutes Oil Story Was Spot On

In 2005, I bought a hybrid vehicle...not because of the price of gas, not because I am an environmentalist consumed with the thought that I wanted to reduce my carbon footprint, and not because I feared there wouldn't be enough crude to last my lifetime...but because I hated the thought that we (the United States) don't have a sufficient supply under the ground and being pumped out, to take care of ourselves. I just hated the thought that we smile as we turn our money over to those who hate us, just so we can live the life we've become so used to living.

In the 1970's, when the gas supply issues resolved, we went right back to our comfort zone. We turned our back on alternative fuels, and saw no need to be concerned about miles per gallon if it meant being crammed into a car smaller than our comfort zone allowed. Part of our sense of affluence grew to be based on having a big....sometimes REALLY big....vehicle to ride around in.

I am now hopeful that we are serious about alternative fuels and cost effective renewable sources of energy. I suspect that my hybrid will be "old" technology within the next 2 years. I hope more people will see that it isn't really the cost or availability of the fuel we use, but who we have to buy it from, and what it costs apart from the money.

@VIC: Jeffrey Schwartz of Metropolitan Capital Advisors- Taking What the Defense Gives You

GLNG and SDRLF (Seadrill) are both John Fredriksen companies with good dividends. JF's philosophy is that the shareholder is a co-owner, and the shareholder is always foremost in his thoughts. To that end, he is committed to seeing the shareholder be rewarded with dividends, no matter what.

Five Struggling Dividend Stocks I'm Still Bullish On

FRO and the other JF companies......you don't really need much else. They are all sure bets if you are interested in dividends and future growth. The realities of the energy dilemma will be with us for awhile....at least until the alternative energy vehicles are availalbe at a reasonable price in every showroom.

Shipping Stocks: I'd Wait To Buy Frontline and Overseas

I also bought my FRO in the $28-40 share range and have never been disappointed with the dividend. During times when the dividend is less than what the CEO wants to give, he spins off shares of other stock....like SFL, which in addition to costing us nothing, also pays a regular dividend. I bought when no one was covering FRO, and if anything at all was said about it, it was a warning to be suspicious of companies paying large dividends.

Google John Fredriksen and read about his philosophy....he treats shareholders as co-owners. We get the same dividend he gets. Find me an American company or CEO who thinks this way about the shareholder! Those of us loyal to JF do not share the concerns of the author of this article. We are into JF companies that are successful and share the wealth. We don't scare easily, and are in for the long haul. The price of the stock is not really material to us...other than offering another low point at which to buy more.

Investing in Tankers: Ship, Ship, Hooray?

If you are into shipping, and the drilling and transportation of petroleum, FRO, NAT, and SFL all are successful and dividend generating because of the unique philosophy of John Fredriksen, who views shareholders as co-owners.....a concept that is truely unusual today. Some of his other companies trade on the Oslo market, or here o the pink sheets, are Seadrill, Golden Ocean Group, and Deep Sea Supply. All pay remarkable dividends, and have fantastic growth potential with even greater dividends promised for the future. (Google 1st quarter reports on eac of these companies to see their dividends and business information.)

Look at www.ft.com/cms/s/0/ce1... to read more about John Fredriksen and his philosophy. NOTE: JF may be CEO of these companies, but he doesn't pull a salary. He is a shareholder, and treats the other shareholders as he treats himself...when he profits, we profit.