CWEN - NTG: Looking Like An Opportunity

2024-02-25 11:06:53 ET

Summary

• The Tortoise Midstream Energy Fund is a closed-end fund that invests in midstreams and MLPs with a focus on natural gas.
• NTG is trading at a deep discount, while natural gas prices have also been getting hit lately, putting some pressure on the underlying holdings of the fund.
• The underlying midstream companies should be relatively sheltered from the underlying commodity prices, which should continue to deliver consistent cash flows.

Written by Nick Ackerman, co-produced by Stanford Chemist.

Despite the continuing global conflicts causing disruptions in key natural gas and oil-producing countries, the prices of these commodities have been resilient in the case of oil or falling in the case of natural gas. That's put pressure on the share prices of energy companies....

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