FEI News and Press, First Trust MLP and Energy Income Fund of Beneficial Interest From 01/13/21

Low interest rates for much of the last ten years have made it much tougher for investors seeking income from traditional sources such as bonds. Despite a recent improvement in performance, midstream yields remain well above historical averages and are superior to other income-oriente...

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended December up 2.5% on a price basis and after distributions are considered. For the year, the AMZ was down 36.4% on a price basis, resulting in a 28.8% total return loss. MLP yield spreads, as measured by the AMZ yiel...

FEI has lagged the midstream sector. The fund still trades at a big discount to NAV and pays a substantial distribution that we expect will hold up in 2021. We are looking for 20% total returns here. For further details see: FEI: More Upside In 2021

Many of us got burned in the "double black swan" impact on master limited partnership funds (MLPs) last March when the global energy price war coincided with the COVID-19 crisis. Those that survived and refocused themselves may offer attractive opportunities, especially with relativel...

MLPs are the cheapest way to obtain a high yield and the prospect of capital appreciation. MLP fundamentals have held up remarkably well while their unit prices have suffered, creating an historic investment opportunity. Recovering U.S. oil and gas supply and demand will increase ...

Midstream was mixed this week, with MLPs closing slightly lower after 4 very strong weeks of positive performance. Even with the pause in performance this week, both the AMZ and the AMNA crossed key technical milestones. PAA was the biggest loser this week, dramatically underperfo...

In the midst of a challenging year, the improvement in midstream equities in November alongside the gains in oil prices and broader energy on positive vaccine developments was encouraging. Energy, including midstream, clearly stands to benefit from a potential improvement in the outlo...

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended November up 21.7% on a price basis and up 23.8% once distributions are considered. MLP yield spreads, as measured by the AMZ yield relative to the 10-year US Treasury bond, narrowed by 278 basis points (bps) over the mo...

Midstream and MLPs had a different kind of Movember, riding surging momentum in value stocks and energy stocks to a big rally throughout most of November. MLPs have now put up consecutive positive months for the first time since the initial April and May recovery. The broader AMNA...

21 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week as rally continues for the third week. MLPs lead while real estate lags. Taxable munis are the most expensive CEF sector. For further details see: Weekly Closed-End Fund Roundup...