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NDP News and Press, Tortoise Energy Independence Fund Inc. From 03/13/20

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Company Name: Tortoise Energy Independence Fund Inc.
Stock Symbol: NDP
Market: NYSE

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NDP - Shale drillers see Jones Act waiver as helping ease oil price pain

Several oil companies hit by the price war between Saudi Arabia and Russia are encouraging the Trump administration to waive the Jones Act , a law that mandates only U.S. vessels can be used to transport goods among U.S. ports. More news on: Chesapeake Energy Corporation, Parsley Energy, ...

NDP - Oil names crushed again, bringing YTD losses to 50%

The S&P 500 energy sector ( XLE -10.7% ) is today's worst performer, bringing its week-to-date losses to 29% and year-to-date losses above 50%. More news on: Energy Select Sector SPDR ETF, Marathon Petroleum Corporation, Plains All American Pipeline, L.P., Energy stocks news, Stocks ...

NDP - Rout in energy stocks resumes as oil slides again

Energy stocks ( XLE -3.3% ) take their customary place at the bottom of the S&P 500 sector standings, with crude oil down another ~2% after Saudi Arabia unveiled plans to  raise its production capacity by a further 1M bbl/day to 13M bbl/day. More news on: Energy Select Sector S...

NDP - Addressing MLP Investor Questions As Oil Falls: Distributions, Leverage, And Counterparty Risk

Oil markets and energy stocks have gone from bad to worse in response to Saudi Arabia effectively declaring an oil price war over the weekend. Today's piece addresses some of the key investor questions that have stemmed from the move in oil prices. Specifically, we discuss MLP distributions, l...

NDP - Oil stages 10% rebound rally, one day after sharpest decline since 1991

U.S. crude oil futures followed their largest percentage loss since 1991 with a 10% rebound , helped by reports that Russian had not ruled out measures with OPEC to stabilize oil markets. More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy Select Sec...

NDP - Trump mulls federal assistance for energy companies - Washington Post

The Trump administration is strongly considering pushing federal assistance for oil and natural gas producers ( XLE +3.1% ) hit by plummeting oil prices, the Washington Post reports. More news on: Energy Select Sector SPDR ETF, Continental Resources, Inc., SPDR S&P Oil & Gas ...

NDP - U.S. status as net oil exporter at risk amid oil price crash

America's days as a net petroleum exporter "may be numbered ," as plunging oil prices threaten domestic production, Bloomberg writes. More news on: Exxon Mobil Corporation, Occidental Petroleum Corporation, Chevron Corporation, Energy stocks news, Commodities news, News on ETFs, Read...

NDP - Oil prices wrap biggest one-day collapse since 1991

Crude oil concludes its worst day since the 1991 Gulf War after Saudi Arabia slashed prices and promised to raise production. More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Energy Select Sector SPDR ETF, Energy stocks news, Commodities news, Stocks on the ...

NDP - Retirement Strategy: Just Calm Down And Try Not To Panic

What I Believe It Takes To Be A Great Dividend Growth Investor I am writing this at 9:38 a.m. Monday morning with the Dow down over 1800 points. It is ugly, sickening, and troubling. There aren't many words that anyone can say to a scared investor, aside from: calm down, try not to panic ...

NDP - Oil and gas stocks slaughtered; energy ETF -15%

The Energy Select SPDR ETF (NYSEARCA: XLE ) -15.2% pre-market in the wake of a tumultuous weekend in which crude prices fell more than 20% amid a price war between Russia and Saudi Arabia. More news on: Energy Select Sector SPDR ETF, Exxon Mobil Corporation, Chevron Corporati...

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