Category: Tortoise Capital Advisors

Signs of Oil Demand Recovery Overshadowed by Growing Glut Gasoline and distillate inventories both fell last week Fuel demand is returning slowly as cities re-open across U.S. Further evidence that fuel demand is staging a gradual comeback in the world’s biggest economy was eclipsed by another increase in overall inventories, showing the market is still […]

Record U.S. Crude Stockpiles Show Cracks in Oil Market Recovery Stockpiles top 2017’s record high, even as producers pull back Second U.S. coronavirus wave puts demand uptick in question Swelling U.S. oil stockpiles are signaling that a difficult path lies ahead for OPEC and its allies who are trying to stabilize the market with record […]

Oil Rallies With Investors Eyeing Demand Recovery, Output Cuts Four-week average of gasoline supplied to the market increased West Texas Intermediate crude futures rose 2.7% Thursday Oil rallied as investors looked past an increase in U.S. crude stockpiles to focus on tentative signs of a recovery in fuel demand as well as output cuts. Futures […]

Shut-in, even new wells may be attractive at $30s/b WTI: analysts Some shut-ins could start to return in July As recovery begins, DUCs likely source of output Market rebalancing eyed for Q3-Q4 2020 Houston — NYMEX crude futures have risen above the $30/b level that represents breakeven for many US upstream operators, which could result […]

What to Do With Your Oil Dividend-Paying Stocks? Despite losses, some energy stocks will keep paying dividends. Energy stocks have typically paid higher dividends, yielding 5% or more, and have been an attractive asset for investors seeking income. Yet investors should not count on these higher-paying dividends since the oversupply of oil has sent energy […]

Oil Pares Gains After Report Showed Demand Weakness Gasoline stockpiles rose for the first time in a month WTI futures climbed as much as 5.6% before paring gains Oil pared gains after the U.S. government reported an unexpected increase in gasoline stockpiles last week. Futures in New York for July delivery were up 2.8% after […]

Should Investors Sell or Buy Oil Stocks Now? The dip in oil stocks has made some investors wary. The rapid decline in energy stocks concerned many investors and led to a sell-off when crude oil prices dipped recently. Global demand in oil nearly came to a standstill as shutdowns forced people to stay home, cutting […]

Oil Snaps 5-Day Rally With Supply Glut Eclipsing Demand Recovery Crude stockpiles increased by 4.59 million barrels last week WTI futures for June fell 2.3% after 5 days of gains Oil snapped a five-day rally as a persistent supply glut outweighed signs of recovering U.S. fuel demand. Read more here: https://www.bloomberg.com/news/articles/2020-05-05/oil-soars-above-25-as-output-cuts-stoke-longest-rally-in-a-year

10 Energy Stocks to Buy Now, According to Barron’s Experts The energy sector has been a disaster zone this year, as the coronavirus pandemic has decimated global oil demand. West Texas Intermediate, the benchmark U.S. crude, has plummeted nearly 70% to a recent $19.21 a barrel, while Brent, the most popular international benchmark, is down […]

Where the opportunities — and risks — lie in the energy sector While some energy plays look extremely risk, this may be a chance to pick up some serious bargains. It was one of the most startling moments in a year that’s held no shortage of surprises. May crude oil futures fell as low as […]

If you think oil will bounce back, here are the best ways to play the bet, according to pros Oil prices are at historic lows, and for those who believe a rebound is coming, energy sector experts say there are a number of ways to play the upside. This includes commodity-focused exchange-traded funds, as well […]

Stocks drop after oil hits historic lows – Cramer and four others on what to expect U.S. stocks dropped sharply Tuesday after a historic sell-off hit oil markets. Five experts weigh in on what investors should watch. Read more here on CNBC.com: https://www.cnbc.com/2020/04/21/stocks-drop-after-oil-hits-historic-lows-cramer-and-four-others-on-what-to-expect.html

Portfolio manager explains how investors can approach plummeting oil prices – May oil futures contracted for the first time in history on Monday. Rob Thummel, senior portfolio manager at Tortoise Capital Advisors, joins “Squawk Box” to discuss where traders are looking for signs of relief in the near-term.

Why it may be dangerous to equate oil to the overall economy: expert – On Monday, the May contract for U.S. West Texas Intermediate Crude Oil, which expires Tuesday, fell below zero for the first time in history. Rob Thummel, Portfolio Manager at Tortoise, joins Yahoo Finance to discuss.

U.S. Crude Oil Has Worst Day in History, Plummets 300% – U.S. crude oil prices have fallen from just above $18 a barrel on Friday into negative territory today for the first time in history. Rob Thummel, portfolio manager at Tortoise Advisors, joined Cheddar to discuss.

Oil at 18-Year Low Amid Record Collapse in U.S. Fuel Demand Oil fell below $20 a barrel, clinging to the lowest level since 2002, amid a record collapse in U.S. fuel demand and the biggest ever weekly build in domestic crude supplies. Futures in New York fell as much as 4.5% and global benchmark Brent […]

The Case for Energy Stocks The ‘Dogs of the Dow’ rule holds that the worst stocks usually turn around. If that applies to sectors, and the funds that track them, then energy shares will benefit It’s one of Wall Street’s best-known maxims: The “Dogs of the Dow” principle, holding that Dow Jones Industrial Average companies […]