NDP News and Press, Tortoise Energy Independence Fund Inc. From 12/14/21

Within the energy sector, oil companies can gain a competitive advantage by reducing their carbon footprint. The result of our investigation is that in North Africa, PV is a realistic option to supply power for oil field operations. The development of large PV power hubs in Sahara...

August Non-OPEC production declined by 480 kb/d to 48,472 kb/d. The three biggest contributors to the decrease were Kazakhstan, 251 kb/d, US, 185 kb/d and Canada 70 kb/d, for a total of 506 kb/d. Russian output dropped by 35 kb/d. On a YoY basis, Non-OPEC production increased by 1...

The Biden administration has asked the Federal Trade Commission to investigate price gouging by refiners due to high gasoline prices and refining margins. Large scale drawdowns of the SPR are unlikely as the intended purpose of the SPR is to provide emergency reserves. While suppl...

SZC has been transitioning over the last year and a half, so I've been watching the fund closely. With their Q3 Fact Sheet update, we see that energy exposure has come down and "sustainable" exposure is rising. The fund's discount has narrowed a bit but still seems relatively attr...

4 out of 24 CEF sectors positive on price and 2 out of 24 sectors positive on NAV last week. Date for PIMCO merger of PCI and PKO into PDI announced. USA rights offering results. JDD, JTA and JTD have been merged into the multi-asset NMAI. For further details see: We...

Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of November 30, 2021, the company’s unaudited total assets ...

U.S. September production decreased by 380 kb/d to 10,809 kb/d. The drop is largely due to Hurricane Ida’s impact on GOM production. The GOM output dropped by 464 kb/d due to unexpected and extensive damage to platforms in the gulf. In the on-shore lower 48, September produ...

With the coordinated SPR release done, OPEC+ will have something to say about it. It is likely that OPEC+ will pause the production hike for 1-3 months. This will worsen the oil market deficit we are seeing and steepen the storage draws. We think $75/bbl WTI should hold and as...

The inevitable rise of commodities in the next decade. Investing in commodities vs. producers. Could we see $150 oil? For further details see: Beyond The Energy Crisis: The Rise Of The Next Commodities Supercycle

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...