NDP News and Press, Tortoise Energy Independence Fund Inc. From 11/09/21

Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (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 In...

July Non-OPEC production increased by 458 kb/d to 48,937 kb/d. World oil production in July increased by 1,192 kb/d to 77,737 kb/d according to the EIA. By December 2021, OPEC+ will add another 2,000 kb/d of crude to July, or 2,300 kb/d of C+C. For further details see: J...

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 October 31, 2021, the company’s unaudited to...

Public producers have been committed to capital discipline and limiting growth, which could actually set up a Goldilocks US production scenario for midstream in 2022. Modest volume growth by producers would contribute to a stronger macro backdrop and improved sentiment for energy broa...

For the first month in 11, equity CEFs on average suffered losses, declining 1.64% on a NAV basis for September. While for the first month in seven, fixed income CEFs posted returns in the red (-0.39%). Thirty-three percent of all CEFs traded at a premium to their NAV, with 28% of...

All U.S. E&P companies are at different stages, and there will no doubt be winners and losers along the way. Coming out of the second quarter of 2021, Devon Energy and Pioneer Natural Resources will have one of the best implied dividend yields in the S&P 500. According to ...

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week. GOF/GGM/GPM merger has been approved. RIV announces a new rights offering. For further details see: Weekly Closed-End Fund Roundup: Sept. 26, 2021

U.S. July production increased by 31 kb/d to 11,307 kb/d from June only because June was revised down from 11,307 kb/d in the August report to 11,276 kb/d in this report. From March to July, production increased by 147 kb/d or 36.8 kb/d/mth on average, down from 49 kb/d/mth in the pre...

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 September 30, 2021, the company’s unaudited ...

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...