PBA - For The Most Part The U.S. Energy Sector Is Hitting On All Cylinders

Hello. I am Tortoise Managing Director and Portfolio Manager Rob Thummel with this week’s Tortoise QuickTake podcast.

Sell in May and go away – a common investing proverb that is suggested by some this time of year. If you are an energy infrastructure investor you’re glad you have not followed this advice as the Tortoise MLP Index® has increased by almost 3% during May. Such strong performance has been supported by outstanding first quarter earnings. Matt Sallee highlighted in last week’s podcast that our energy infrastructure investments reported EBITDA over 4% higher than estimates.