Category: Tortoise Capital Advisors

Coronavirus Is Bruising America’s Oil Patch—How Badly Is the Question Some already struggling energy companies may not be able to weather the drop in oil and gas demand Many companies in America’s oil patch were already struggling when the coronavirus came around. Investors are worried some won’t pull through. U.S. benchmark crude prices started the […]

Oil Prices Are Down, But Oil Stocks Are Worse—Why? The disparity tells us a lot about where fossil fuels are headed. Will black gold regain its luster? For the past five years, energy stocks have been the S&P 500’s biggest loser, the worst performing sector during earnings season. Oddly, the price of oil, the key […]

Here’s why this senior portfolio manager is bullish on the energy sector – Oil prices have fallen for five straight sessions and are down about 14% over the past month, in part because of fears surrounding the coronavirus will slow global growth. Rob Thummel, senior portfolio manager at Tortoise Capital Advisors, joins “Squawk Box” to discuss.

Trump’s Iraq threats could backfire on oil and gas prices Political and economic realities could make it difficult for President Donald Trump to carry out his threat to punish Iraq with bruising sanctions if US troops are expelled from the country. Trump vowed Sunday to hit Iraq with penalties “like they’ve never seen before” if […]

Barron’s Best Income Investments for 2020 After a broad global rally in stocks and bonds, income-oriented investments offer fewer opportunities than they did a year ago. So investors will need to lower their expectations. But there are still places to look for yield on a range of stocks and bonds. And income will be welcome […]

Here’s why this portfolio manager thinks energy stocks will perform better in the next decade – Rob Thummel, senior portfolio manager at Tortoise Capital Advisors, joins “Squawk Box” to discuss what to expect from the energy sector in 2020 and beyond.

Oil’s Advance Peters Out Despite Surprise U.S. Crude Withdrawal U.S. crude oil stocks decreased 1.1 million barrels last week Gasoline stocks at multiyear highest despite modest build Oil’s longest streak of gains in almost two months lost momentum after swelling domestic fuel inventories neutralized a surprise decline in domestic crude inventories. Futures in New York […]

Investors Doubt OPEC Cuts Can Boost Oil Prices Recent rallies in crude stalled on concern reduced production won’t meaningfully curtail supply Easing trade tensions and production cuts by the Organization of the Petroleum Exporting Countries have boosted oil prices recently, but some investors remain dubious that even those long-awaited developments will be enough to push […]

How Attractive Is Saudi Aramco to Other Oil Producers? – Bloomberg Daybreak: AmericasTV Shows – Rob Thummel, portfolio manager and managing director at Tortoise Capital, discusses the attractiveness of investing in Saudi Aramco and the $11 billion writedown taken by Chevron Corp. on weak natural gas prices. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)

The Exchange – Two portfolio managers layout bear and bull case on energy sector – Rob Thummel, portfolio manager at Tortoise and Sandy Villere, co-portfolio manager of Villere’s Balanced Fund, discuss the energy sector.

Oil Erases Some Gains as Iraqis Curb Demand For Deeper OPEC Cuts Futures initially moved higher on surprise U.S. inventory draw Crude is up 11% from early October low on trade-deal optimism Oil surrendered some gains after Iraq backed away from a proposal that OPEC and allied crude producers should deepen supply cuts when they […]

Oil surges as key U.S. storage hub shows big draw Oil jumped the most since the first of the month as American crude stockpiles at a key storage hub shrank by the most since August. Futures rose 3.4% in New York, the biggest gain since Nov. 1. The Energy Information Administration reported that crude supplies […]

Chesapeake stock falls to lowest price in 25 years as ‘going concern’ warning weighs Natural-gas producer may be ‘too big to fail,’ according to one analyst Chesapeake Energy Corp. shares took another dive Tuesday, pushing them well below $1 to hit their lowest price in more than 25 years as the natural-gas producer’s going-concern warning […]

Oil Falls as OPEC Delegates Not Pushing For Deeper Output Cuts Coalition leaning toward pressing for better compliance Trump, Xi meeting to sign deal could be delayed to December Oil fell after a report that the biggest producers in OPEC+ aren’t pushing for deeper oil-supply cuts when the group meets next month. Futures in New […]

Old-school oil and gas investor has plans for a greener future Tortoise, long a big oil and gas midstream investor, says that the quickest way to start decarbonizing the world is coal-to-gas fuel switching. The investment company is hedging its bets with a combination of financing for mid-sized renewable energy projects and a London shop […]

Oil Rallies After Surprise Decline in U.S. Crude Stockpiles American oil inventories fell by 1.7 million barrels last week U.S. gasoline demand hits 28-year high on a seasonal basis Oil spiked above $55 a barrel for the first time in three weeks after a surprise drop in U.S. crude supplies signaled strengthening demand. Futures rose […]

Crude Rallies as Draw in U.S. Fuel Stocks Outweighs Crude Build Domestic oil inventories expand by the most in five months Futures move into positive territory hours after report Oil turned positive hours after a U.S. government report showed large declines in fuel inventories, outweighing a bigger-than-expected crude build. Futures rose 1.1% in New York […]

US upstream companies continue on conservative path in Q3 Cost discipline, drilling activity main items Capital budgets for 2020 seen possibly lower Some big operators still see efficiency gains E&P companies are expected to outline a conservative approach to future capital spending and activity levels when they release third-quarter earnings in the coming weeks. Companies […]

Gloomy Economic Outlook Takes Toll on Oil Prices Crude’s recent rally is short-lived as fears over demand and output weigh on the industry Oil has erased essentially all of the rally that followed recent disruptions to Saudi Arabian output, underscoring how a darkening outlook for global growth continues to tamp down fuel prices. While lower […]

Saudi Crown Prince says Saudi oil attack hit the ‘heart of the global energy industry’ – Saudi Crown Prince sat down with CBS’s 60 Minutes Sunday night, where he said the attack on oil refineries in Saudi Aramco hit the ‘heart of the global energy industry.’ Brian Kessens, Tortoise Managing Director & Senior Portfolio Manager of Energy, joins Yahoo Finance’s On The Move to discuss the latest and where we can expect oil prices to be in the near future.

How to invest in oil – With trade war still ongoing, and more interest cut rates now in the mix, investors are wondering where the best place to put their money is. Rob Thummel, Senior Managing Director at Tortoise, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre to discuss during our Market Survival Guide: How to invest in oil.