Second quarter numbers for the midstream sector looked healthy, noted Tortoise Capital Advisors in a mid-year review. New projects were placed in service during the quarter with additional projects scheduled to commence later in 2015 and 2016. “Our projection for capital investment in MLP, pipeline and related organic growth projects through 2017 remains strong at […]
Category: Tortoise Capital Advisors
Tortoise on energy stocks
Is Now the Time to Invest in Oil and Energy Stocks? Robert Thummel, portfolio manager at Tortoise Capital Advisors, talks about ways to make money in the energy markets in spite of lower oil prices. He speaks on “Bloomberg Markets.” (Source: Bloomberg)
Tortoise on CNBC
Betting big on nat gas We think crude prices move up, but natural gas stocks can do well in a low-priced environment, explains Matt Sallee, Tortoise Capital managing director & portfolio manager.
Tortoise in Barron's
Tortoise Expects Generous Distribution Growth from MLPs By Amey Stone The bear market in master limited partnerships accelerated last week, with the sector falling 8.4% as many companies reported earnings. MLPs are now down 18.3% for year, and down 30% from peak level a year earlier. Read the full article here.
Tortoise on Obama’s Climate Plan
Tortoise Capital Advisors Managing Director Rob Thummel discusses the impact of President Obama’s climate plan on energy investments. He speaks on “Market Makers.” (Source: Bloomberg)
More on Tortoise’s new product
Master limited partnerships (MLPs) which had put up a great show last year despite plunging oil prices saw a weak start to the year. MLPs finally had to give in to the oil price massacre. However, the weakness in the space gave many an entry point in these products, given their high level of yield. […]
Tortoise launches new fund
Tortoise Capital Advisors Introduces its First MLP ETF Tortoise Capital Advisors, a Kansas-based money manager specializing in energy investments, introduced its first exchange traded fund today, the Tortoise North American Pipeline Fund (NYSEArca: TPYP). Read more here.
Tortoise in Seeking Alpha
Thummel: High yields, new deal backlogs make PAA, EPD, MMP top MLPs Read the piece here.
Tortoise in Barron's
3 MLP Picks with High Yields and New Deal Backlogs By Amey Stone Master limited partnerships (MLPs) have had a rough time since about mid-May. Along with all yield-oriented securities, they’ve been buffeted by rising interest rates. Volatile oil prices and a major spill from one of the biggest companies in the index havn’t helped. […]
Tortoise on Bloomberg radio
[hmp_player] Matt Sallee on Bloomberg Radio – Part One Matt Sallee on Bloomberg Radio – Part Two
Tortoise in Barron's
Plains All American, Still Weak After Spill, Undervalued? By Amey Stone Units in master limited partnership Plains All American Pipeline (PAA) fell Monday, continuing a downturn that accelerated following the May 19 oil spill near Santa Barbara caused by a leak in one of its pipelines. The units closed at $45.36, a 1.4% drop, on […]
Tortoise on Yahoo Finance
Steady OPEC, firm demand will send oil to $60-$80 range: Energy investor By Michael Santoli, Yahoo Finance The great global oil glut of 2014 and 2015 is ending, and a stronger world economy will stoke demand to lift crude prices a bit, benefiting leading producers and their investors. That’s the position of Rob Thummel, portfolio […]
Tortoise on TheStreet.com
Rob Thummell, Portfolio Manager for the Tortoise Select Opportunity Fund talks energy stocks with Gregg Greenberg of TheStreet.com. View the interview here.
Tortoise in Forbes
The Most Beloved Mutual Funds Of Successful Investment Advisers By Ky Trang Ho Investors have some 9,200 mutual funds and 1,400 exchange-traded funds to choose from in the U.S. – the most in the entire world. They dwarf the 5,240 stocks listed on the U.S. stock market a la the NASDAQ and New York Stock […]
Tortoise in P&I
Money managers see big jump in infrastructure, energy assets By Arleen Jacobius Read the article here.
Tortoise in Barron's
DESPITE THE FLURRY, these deals aren’t an indictment of MLPs in general and don’t make sense for that many companies. “It’s a unique situation for a limited number of MLPs that are very mature,” says Matt Sallee, a portfolio manager at Tortoise Capital Advisors, an energy-investing specialist. Individual investors may have reason to be disgruntled, […]
Tortoise in Bloomberg
Crude Futures Rise on Weaker Dollar as Inventories Drop Again by Moming Zhou and Mark Shenk Crude futures rose for a second day as the U.S. dollar weakened to a four-month low, boosting oil’s investment appeal, while inventories fell again. Gains for New York-traded oil futures lagged behind Brent after U.S. refineries reduced their crude […]
Tortoise on oil prices
Oil Jumps to Four-Month High on Optimism Supply Glut to Ease U.S. benchmark oil prices surged to a four-month high after stockpiles at the nation’s biggest storage hub fell for the first time since November. Read more here.
Tortoise talks oil on Bloomberg
How Can Oil Producers Turn $70 Oil Into $90 Oil? Tortoise Capital Advisors Portfolio Manager Robert Thummel discusses challenges for the oil and gas services industries in the wake of lower oil prices. He speaks on “In The Loop.” (Source: Bloomberg)
Tortoise in Washington Post
Oil Rises to 2015 High as Data Signals End of U.S. Supply Surge Crude supplies increased last week at the slowest pace since January, the Energy Information Administration said. Output from shale formations such as North Dakota’s Bakken will fall in May, the EIA said Monday. Read more here.
Tortoise on oil: Bloomberg
Oil Climbs the Most in Two Months on U.S. Crude Output Decline Oil advanced the most in two months in New York after a government report showed that U.S. crude output dropped from the highest level in more than three decades. Read more here.
Tortoise on MLP's
Much of the discussion about MLPs in recent months has revolved around the sharp declines in oil prices. But beyond oil-price volatility, what’s affecting the MLP market? What trends should investors watch out for, and what opportunities are available now? We spoke with two MLP experts: Jeff Jorgensen, director of research for Center Coast Capital […]
Tortoise in Wall Street Journal
Oil Companies Reap Large Gains After Cashing In Hedging Bets These forms of insurance against rising prices have become a source of income Rocked by months of plunging crude prices, oil producers are harvesting financial bets to raise, for some, much-needed cash. Read more here.
Tortoise interview on Bloomberg
Robert Thummel, portfolio manager at Tortoise Capital Advisors, talks with Betty Liu about Exxon focusing on a shale producer as it looks to make a deal and examines the impact of declining levels of oil storage capacity. He speaks on “In The Loop.” (Source: Bloomberg)
Tortoise in Bloomberg
U.S. Oil Supply Growth at Record Pace Seen Pressuring Prices (Bloomberg) — An unprecedented glut of crude in the U.S. expanded last week, signaling further weakness for oil prices already near a six-year low. Stockpiles at Cushing, Oklahoma, the delivery point for West Texas Intermediate futures traded in New York, rose 2.87 million barrels in […]
Tortoise’s Brian Sulley on Asset TV
How are Closed-End Funds impacted by low oil? Midstream MLPs are not impacted by the fall in oil as many investors may think, Brian Sulley, Vice President of Business Development at Tortoise Capital Advisors, explains why. Click here to watch the video.
Tortoise in Wall Street Journal
Oil Prices Drop as U.S. Supplies Rise to Fresh Record U.S. Benchmark Crude Prices Fall Below $50 a Barrel Oil tumbled for the second day in a row, with the U.S. benchmark slipping back below $50 a barrel, after a government report showed U.S. crude stockpiles reached a new record high. Read more here.
Tortoise in Oil & Gas Monitor
Despite Cheap Oil, Energy Sector Provides Opportunities The energy sector has been dominating the headlines due to the dramatic drop in the price of crude oil in the later months of 2014, as global supply currently is exceeding demand. As is often the case in the short term, the market did not necessarily decipher quality, […]
Tortoise in Bloomberg
Oil Surges Most Since 2012 as Slump Seen Curbing Output Crude in New York advanced the most since June 2012 after a drop in the U.S. rig count signaled the slump in prices over the past seven months will curb output. Read more here.
Tortoise on NBR
Nightly Business Report — February 2, 2015 View the entire show here.