Oil Rebounds as U.S. Gasoline Drop Helps to Ease Post-OPEC Gloom U.S. stockpiles fell by 1.6 million barrels last week: EIA WTI futures rise 1.9% after sliding most in a month on Tuesday Oil rebounded as a drop in U.S. gasoline supplies helped crude prices shrug off their biggest decline in a month. Read more […]
Tag: Matt Sallee
Tortoise's Matt Sallee in Reuters
Bar rises for shale takeovers as Chevron bows out of Anadarko fight Chevron Chief Executive Michael Wirth’s decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will drive a new wave of consolidation in U.S. shale. Wirth last week ruled […]
Matt Sallee quoted in CNN Money
Oil shoots above $65 on fears about Iran sanctions US oil prices raced above $65 a barrel on Monday for the first time since Halloween after the White House pledged to deepen its crackdown on Iran. The Trump administration vowed to bring Iran’s oil exports to “zero” by removing the waivers that previously allowed some […]
Tortoise's Matt Sallee in Bloomberg TV Asia
We Need Additional Oil Supply Out of OPEC, Says Tortoise’s Sallee – Matt Sallee, senior managing director at Tortoise, discusses the OPEC supply boost and his outlook for production. He speaks on “Bloomberg Daybreak: Asia.”
Tortoise in Barron's
Wild Swings Buffet MLP Investors Many factors contributed to the 26% drop in these energy infrastructure companies over the past year. Unfortunately those factors aren’t going away any time soon. By Amey Stone Master limited partnerships (MLPs) have long been prized by income investors for their attractive yields, favorable tax treatment, and relative stability. But […]
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 Bloomberg radio
[hmp_player] Matt Sallee on Bloomberg Radio – Part One Matt Sallee on Bloomberg Radio – Part Two
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 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 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 […]