NDP News and Press, Tortoise Energy Independence Fund Inc. From 03/31/21

Energy prices and equities continue to consolidate as reflation trade and investor interest drove prices ahead of fundamentals. Oil demand continues to recover globally despite increased COVID cases in EU4. Anticipate OPEC+ to hold firm on its production cut this week, and energy ...

NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) -- Aristides Capital LLC, which together with its affiliates beneficially owns 304,131 shares of the outstanding common stock of Tortoise Energy Independence Fund, Inc. (NYSE: NDP), today issued a public letter to NDP’s shareholders outlining...

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 February 28, 2021, the company’s unaudited total a...

The latest US shale capex/production guidance shouldn't surprise anyone. Reserved-based lending facility is challenged going forward meaning no more "growth at any cost". Producers learned the hard way that credit lines are not liquidity, so paying down debt is one of their bigges...

Change in the White House has brought swift transformation to US environmental policies, especially those affecting the oil and gas sector. Oil and gas producers faced a challenging 2020 market environment. Some companies are adjusting their business models by leveraging intellect...

The big news of the week was the spike in interest rates, which according to the press reports I read, "came out of nowhere". Last week's economic reports were mostly positive and better than expected. US stocks took a breather last week but global stocks managed a small gain. ...

Cold weather is causing price volatility in crude oil. The inventory cycle, as expected, is fueling a strong business cycle. Crude oil has been rising since the business cycle signaled solid economic growth. For further details see: Crude Oil And Energy Stocks: It's Not ...

US shale producers are going to be disciplined despite $60/bbl WTI. A large part of that is fear of the fragile recovery. But more importantly, the debt situation continues to hinder growth plans, and banks want to be paid back first. In addition, incentive wise, with where en...

After a dramatic year of volatility, the U.S. stock market ended 2020 at record highs. Can this momentum continue this year? ESG investments clearly outperformed in 2020. 2021 should be a year of much better cash flow for companies. For further details see: A Stock Picke...

Recent production is showing a marked decline possibly partly due to the pandemic impact though I would expect this to have a bigger effect in the coming years because of delays in exploration, FIDs and maintenance. Buzzard has been the largest producing UK field for this century, has...