NDP News and Press, Tortoise Energy Independence Fund Inc. From 04/07/20

This crash could add the finishing touches to the grand reshuffling of the upstream service sector that started in 2014 The last month has been a nightmare for the upstream service sector. Brent plunged to around $20 in March. And the signs of an impending upstream service sector recover...

MLPs cannot get a bid. Since I warned to avoid these assets on March 20, they've slid further even as the broader market has recovered - as evidenced by the Alerian MLP ETF ( AMLP ): (A similar decline is found in other MLP funds - this is not unique to Alerian). While energy bulls can hol...

Introduction The following is my point of view (your views may differ, and I am not an investment adviser, just an investor who comments on various topics): Forget Texas tea, black gold, and other such pop expressions for crude oil. As I've been saying for a while about oil stocks, when a ...

Crude oil ( CL1:COM ) cruises higher a day after Pres. Trump said he expected Saudi Arabia and Russia would reach a deal soon to end their oil price war and Russia's Pres. Putin called for cooperation among producers. More news on: Crude Oil Futures, Exxon Mobil Corporation, Chevron Corp...

Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Additionally, Tortoise has published a special podcast with leverage and coverage updates as of Mar. 31, 2020 for these closed-end funds. The podca...

The U.S. shale industry's high-pressured wells and short drilling time mean the group is well positioned to benefit if the current oil price plunge causes long-term damage to production capacity, resulting in a price jump when demand returns, says Goldman analyst Damien Courvalin, offering...

The energy sector ( XLE +4% ) takes an unaccustomed spot at the top of the S&P sector leaderboard, as U.S. oil futures firm with Pres. Trump and Russia's Pres. Putin agreeing to talks aimed at stabilizing energy markets. More news on: Energy Select Sector SPDR ETF, Noble Energy,...

Storage tends to be a ho-hum business, until it isn’t. With oil demand diving, plentiful production, and the oil futures curve in steep contango, storage has become a hot topic. Of course, many midstream companies own and operate storage capacity. Today, we will briefly discuss the impl...

U.S. crude oil (CL1: COM) settled at its lowest level since February 2002 , -6.6% to $20.09/bbl, as analysts forecast that quarantine measures are leading to the biggest-ever decline in oil demand. More news on: United States Brent Oil Fund, LP, The United States Oil ETF, LP, Energ...

The Environmental Protection Agency says it will ease enforcement of a range of legally mandated public health and environmental protections, saying industries could have trouble complying with them during the coronavirus. More news on: Energy Select Sector SPDR ETF, SPDR S&P Oil &am...