NDP News and Press, Tortoise Energy Independence Fund Inc. From 09/29/21

Given significant free cash flow generation, several midstream companies have announced buyback authorizations to complement generous dividends in returning cash to shareholders. For midstream investors, buybacks represent a tangible proof point of positive changes for the space in re...

Gainers: Helbiz HLBZ +135%. Corvus Pharmaceuticals CRVS +77%. Innate Pharma IPHA +37%. Worksport (OTCQB:WKSP) +20%. Priority Technology Holdings (NASDAQ:PRTH) +15%. Entasis Therapeutics (NASDAQ:ETTX) +15%. Capital Senior Living Corporation (NYSE:CSU) +13%. Evelo (NASDAQ:EVLO) +...

US Crude and Gasoline Inventories are at/near historic low trends with hurricane Ida disruptions. It appears some deliveries of gasoline occurred, were not replaced with refinery runs which averaged a week of ~1.7mil BBL/Day lower or ~12mil BBL Refined Product lower. A key observa...

May Non-OPEC production increased by 44 kb/d to 48,421 kb/d. The biggest contributors to the increase were Canada, 71 kb/d and the US, 82 kb/d. June production for the Non-OPEC countries is projected to increase by 591 kb/d to 49,012 kb/d. About half of that increase is expected to co...

U.S. June production was essentially flat, only down by 5 kb/d from May. The revision to May was a surprise. May was revised up by 81 kb/d to 11,312 kb/d. The August STEO report forecast US June output would be 11,270 kb/d, a reasonable forecast, low by just 37 kb/d. In the onshor...

TortoiseEcofin 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 August 31, 2021, the company’s unaudited tot...

Energy equities retreated from their relative highs in June as the Delta variant spread, the value trade sputtered, and oil prices weakened following the OPEC+ announcement in July. While midstream sold off with oil and energy stocks, the fundamental picture for midstream improved in ...

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...

Tortoise Energy Independence Fund (NYSE:NDP) had declared $0.31/share dividend. Payable Aug. 31; for shareholders of record Aug. 24; ex-div Aug. 23. See NDP Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Tortoise Energy Independence Fund goes ...

Gasoline demand is nearly back to pre-pandemic levels from 2019. OPEC+ is unlikely to ramp up output to appease the U.S. - or anyone else, for that matter. Brent crude prices dropped 6% last week, its largest week of losses in four months, while WTI slumped nearly 7% in its bigges...