NDP News and Press, Tortoise Energy Independence Fund Inc. From 04/24/20

Treasury Secretary Mnuchin says the government is considering taking equity stakes in U.S. energy companies to try to boost the beleaguered oil and gas sector amid the coronavirus crisis. More news on: Energy Select Sector SPDR ETF, SPDR S&P Oil & Gas Exploration & Production...

During periods of market volatility, investors often look at credit ratings as one way of evaluating how a company could hold up under stress. Tightening financial conditions can raise concerns about a company's ability to access capital markets, and a downgrade from investment grade to high y...

Originally published on April 20, 2020 By Bob Iaccino At a Glance WTI crude oil prices fell more than 40% after the Saudi-Russia price war, then continued falling after the production cut announcement. Even with a deal to cut oil output, the U.S. shale industry could see more ban...

Tortoise announces reverse stock splits for (NYSE: TYG ), (NYSE: NTG ), (NYSE: TTP ) and (NYSE: NDP ). More news on: Tortoise Energy Infrastructure, Tortoise MLP Fund, Tortoise Pipeline&Energy Fund, Financial stocks news Read more ...

Tortoise announced that the funds’ Board of Directors has approved reverse stock splits for TYG, NTG, TTP and NDP as outlined below. The funds anticipate completing the reverse stock splits prior to the open of trading on the New York Stock Exchange (the “NYSE”) on May 1,...

Introduction I apologize for the Game of Thrones reference in the title. It's a shameless attempt to draw your eye to this article, and of course, if you're reading this sentence... it worked. I realize also it's a little passe by now, the series has concluded and all, but I think I'm the on...

The Trump administration is considering paying U.S. oil producers to essentially stop producing , in a bid to help alleviate the oversupply in the market that has pushed crude prices to 18-year lows, Bloomberg reports. More news on: Energy Select Sector SPDR ETF, SPDR S&P Oil & Ga...

About once a month, energy consulting firm IHS Markit releases a report on the offshore drilling industry that it calls the Offshore Rig Day Rate Trends report. In this report, the firm discusses both the utilization rate and leading market new contract dayrate trends for four types of offsh...

Energy stocks ( XLE +3.0% ) are off to another strong start as OPEC+ opens its virtual meeting , apparently moving closer to a deal to curb production in an attempt to tackle the unparalleled impact of the coronavirus on demand. More news on: Energy Select Sector SPDR ETF, SM Energy Com...

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...