NDP News and Press, Tortoise Energy Independence Fund Inc. From 11/02/20

The combined 2020 third quarter stockholders’ report for TYG, NTG, TTP, NDP, TPZ and TEAF has been released. This report is available online at cef.tortoiseecofin.com . Please call (866) 362-9331 or email info@tortoiseadvisors.com to request hard copies of this report fre...

Tortoise Energy Infrastructure Corporation (NYSE: TYG), Tortoise Midstream Energy Fund, Inc. (NYSE: NTG), Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP), Tortoise Energy Independence Fund, Inc. (NYSE: NDP), Tortoise Power and Energy Infrastructure Fund, ...

TEAF's performance on a YTD NAV total return basis is much closer to funds' performances in the utility/infrastructure space. The fund is trading at steep discounts as if it were a pure-play energy fund. This significant discount is offering potential for investors to buy into thi...

Oil companies are facing a perfect storm of low prices, low demand and long-term questions about the viability of their product. Oil companies' share prices reflect their fall from grace. They were once the largest sector in the S&P 500. The whole fossil fuel industry is facin...

US oil production likely saw its relative low in May, but current prices are not high enough to incentivize an acceleration in upstream activity, though the rig count appears to have stabilized. Oil production is expected to remain largely steady throughout the rest of 2020 and most o...

Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of September 30, 2020, the company’s unaudited total ...

Elements of game theory have long plagued OPEC's attempts to control oil prices. Overproduction by some players has contributed to a failure to lift Brent Crude prices past U.S. $46 per barrel. Supply is being met by drawdown on high refined stocks and not feeding through to crude...

By Stuart Cartner , Portfolio Manager ; Shawn Amini , Senior Analyst Understanding the future for hydrocarbons and the investment opportunities that exist We encounter petroleum 1 products on an almost constant basis - like something as inconspicuous as an iPhone case or ...

Welcome to the more downside edition of Oil Markets Daily! We have received a lot of messages recently about whether or not now is the time to buy this dip. The answer is no. Not only has the E&P sector ( XOP ) broken down support at $47, but WTI, in our view, is likely to test t...

Lower oil prices and production have undoubtedly been the focus of many energy investors over the last few months. Even with the recent stabilization of WTI crude around $40 per barrel, oil prices are still well below pre-COVID levels. However, another less frequently discussed side of energy ...