Hello, I am Tortoise Managing Director and Portfolio Manager Brian Kessens with this week’s QuickTake podcast.
Last week both my yard and energy stocks ended in green. MLPs inched higher by a little over 1%, broad energy by 2.3% and producers gained 3.5%. Sentiment improved in part due to crude oil prices leaping by nearly 5% following increased geopolitical uncertainty. Last week a rogue general in Libya mounted an offensive to take over the capital city of Tripoli. This threatens to interrupt Libya’s 1.3 million bpd of oil production and just adds to the