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The MLP has been one of maximum pain for investors. No fund has escaped unscathed, but a few have done better than others. We highlight one such fund and explain why its distribution appears sustainable to us. For further details see: 11.24%-Yielding FEI Leads The MLP Se...
We analyze performance trends in closed-end-funds this year along with themes by asset classes. Equity funds with concentrated exposure to Technology and Healthcare are among the biggest winners this year. Energy focused funds have underperformed given the weaker pricing environme...
InfraCap MLP ETF has cut its distributions a few times. The custom of overpaying distributions has hurt this fund from the beginning. We examine the current distribution coverage and reach a surprising conclusion. The sector appears cheap, but it might take a long time to boun...
In contrast to the prior midstream business model that emphasized a grow-at-all-costs mentality reflected in both dividends and capital spending, midstream has been shifting to a more sustainable growth model that is not dependent on raising equity for funding. The upshot of pressured...
The closed-end funds that focus on oil and gas pipeline companies generally trade at discounts to their net asset values of 20% or more - the widest in the U.S. closed-end fund market, where the average discount is less than 10% - Andrew Bary writes in this weekend's edition of Barron's."You'...
While energy companies across the sector are pounding the table on free cash flow, midstream has a distinct advantage over its counterparts when it comes to the predictability of free cash flow and the generous income on offer. In contrast with other energy sectors, midstream’s...
Brookfield Asset Management announced it would acquire Blackstone Infrastructure's 41% stake in Cheniere Energy Partners. The stake was valued at $7 billion, and represents an approximate $5 billion gain for Blackstone after initially investing in CQP in 2012. The Organization of the ...
Free cash flow has been a common topic of Alerian’s research and a focus area across energy, including midstream. While we’ve historically looked at free cash flow yields at the index level, examining expected free cash flow for individual companies may be more tangible for inv...
First Trust Advisors announces share repurchase programs for First Trust Energy Income and Growth Fund (NYSEMKT: FEN ) , First Trust New Opportunities MLP & Energy Fund (NYSE: FPL ) , First Trust MLP and Energy Income Fund (NYSE: FEI ) and First Trust Energy Infrastructure ...
First Trust Advisors L.P. (“FTA”) is pleased to announce that the Board of Trustees of each of First Trust Energy Income and Growth Fund (NYSE: FEN), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL), First Trust MLP and Energy Income Fund (NYSE: FEI) and First Tru...
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First Trust MLP and Energy Income Fund of Beneficial Interest Company Name:
FEI Stock Symbol:
NYSE Market:
First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL), and First Trust Energy Infrastru...
First Trust Advisors L.P. (“FTA”) announced today that the mergers of First Trust Energy Income and Growth Fund (NYSE American: FEN), First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust New Opportunities MLP & Energy Fund (NYSE: FPL) and First Trust Energy Infrastruc...
2024-03-12 10:18:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...