SMM News and Press, Salient Midstream of Beneficial Interest From 07/19/22

21 out of 23 CEF sectors were positive on price and 16 out of 23 sectors were positive on NAV last week. Saba moves against SMM. XFLT closes a common share and convertible share offering. Author's note: This article was released to CEF/ETF Income Laboratory members on ...

Saba moves against SMM, a position in our Tactical Income-100 portfolio. The board of SMM has proposed a merger with an open-ended fund which would eliminate the discount. However, the merger is subject to approval by shareholders. A possible arbitrage strategy is discussed. ...

The energy market is a tug-of-war between fundamentals in the energy industry which is pretty tight. The energy sector has been driving a lot of performance in the S&P/TSX Index since the recovery from the Covid-19 pandemic. In the short term, I do expect the integrated compan...

Despite volatile equity trading, the fundamentals for many energy companies have not changed. This is particularly true for energy infrastructure. Oil’s move from ~$120/bbl a month ago to $96/bbl at the intra-day low last week has not altered producer plans, and the outlook for...

Salient Midstream & MLP Fund ( NYSE: SMM ) on Monday has reported total assets of $199.7M as on Jun. 30, sequentially down from May's $233.8M asset value . Net Asset Value closed at $7.94 (vs. $9.72 in May) compared to Fund's last traded stock price ...

SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF JUNE 30, 2022 SALIENT MIDSTREAM & MLP FUND ANNOUNCES UNAUDITED NET ASSET VALUE AS OF JUNE 30, 2022 PR Newswire HOUSTON , July 11, 2022 /PRNewswire/ -- Salient Midstream &am...

The outlook for MLP distributions remains strong given solid fundamentals, continued free cash flow generation, and commodity price levels that incentivize measured growth from US oil and gas producers. Little has fundamentally changed for MLPs over the last month, but MLP index yield...

We previously discussed Buffett's explanation for why smart people go broke. We then made the connection to why we generally don't buy CEFs. However, this does not mean that investors should never buy any CEFs under any circumstances. Back in March, we wrote : ...

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The combination of mounting recession fears and some profit-taking put significant downward pressure on energy stocks even as oil prices were comparatively resilient. If there is a recession, energy stocks will likely fall, but midstream would be expected to fare better than other ene...