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Brent finished at $32.50 per barrel capping a third consecutive week of gains while WTI topped $29.43 per barrel which was close to a two-month high. The Brent/ WTI spread has narrowed significantly to $3.07 per barrel, which makes US crude oil exports less competitive to other Brent-related...
By Tajinder Dhillon U.S. oil majors finished reporting 20Q1 results in the week starting May 4. The industry beat consensus expectations this quarter, led by Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), Devon Energy (DVN), and Occidental Petroleum (OXY). As a result, the S&P...
Welcome to the weak cash market edition of Natural Gas Daily! Mother Nature has given the natural gas market a boost over the last 2 weeks. April was much colder than normal, with May starting off colder as well. But even though TDDs were close to doubling the seasonal average, the cash ...
The likelihood that Brent crude oil would follow WTI into negative territory was never a real possibility, one market assessment read. In the US shale patch, it looks like the worst is over, said a pipeline operator. Sentiments like these have put a soft floor under Brent at around $30 per bar...
Author's note : This article was released to CEF/ETF Income Laboratory members on May 5, 2020. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recent...
Citing significant negative impact on energy demand due to COVID-19, along with oil supply issue between Saudi Arabia and Russia led Tortoise to temporarily suspend quarterly distribution of TYG , NTG and NDP through the end of the calendar year. TYG, NTG, and NDP currently ...
Following the quarterly review of the funds with management and the Board of Directors, Tortoise is today announcing that each of TYG, NTG and NDP are temporarily suspending quarterly distributions through the end of the calendar year, TTP is reducing quarterly distributions, and TEAF is redu...
A substantial number of midstream companies have released capital spending updates since early March as the collapse in oil prices quickly shifted the reality for midstream, and volumes came into question. While capital expenditures were already moderating (we estimate capex peaked in 2018 o...
With the collapse in oil prices sending shockwaves through the energy sector in March and April, midstream has stood out for its relative resilience. Watch our three-minute update video for a discussion of some of the key factors driving defensive midstream performance, including more sta...
Author's note: This article was released to CEF/ETF Income Laboratory on April 28, 2020. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently co...
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2024-08-02 10:24:00 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...
OVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / 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 July 31, 2024, the company's...
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 Infrastructure Fund, Inc. (NYSE:TPZ) OVERLAND P...