NTG - Tortoise Midstream Energy: Expected To Benefit From Discount To NAV In Energy Space
- As crude oil prices increase (WTI now over $80, a 7-year high), along with higher natural gas prices, investor attention should increasingly focus on energy plays.
- NTG trades at a 22.88% discount to the value of the fund's underlying publicly-traded securities (Friday, October 8, 2021 close).
- NTG trades at a greater discount than average fund in its niche. Ouch!
- I expect the price of NTG to benefit as investors buy, narrowing the discount and hopefully riding continuing higher energy prices.
- In my mind, this is a weeks- or months-long trade, targeting a 10%-20% gain, not a years-long investment. But, we will see.
For further details see:
Tortoise Midstream Energy: Expected To Benefit From Discount To NAV In Energy Space