Bloomberg Markets: OPEC to Extend Oil Cuts for Nine Months Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Brian A Kessens Managing Director/Portfolio Manager Tortoise Capital Advisors Discussing OPEC and its allies extending oil production cuts for nine more months after last year’s landmark agreement failed to eliminate the global oversupply or achieve a […]
Tag: Tortoise
Tortoise on CNBC
Expert: All energy infrastructure companies are in really good shape – Rob Thummel, Tortoise Capital Advisors Managing Director, weighs in on energy stocks.
Barron’s: Tortoise Wins the Race
Brian Kessens and his team at Tortoise MLP & Pipeline fund invest opportunistically in assets that span the energy-production cycle.
Tortoise Featured in ETF.com for Launch of TBLU
ETF Watch: Four Issuers Launch Funds Today Tortoise Unveils Water ETF Tortoise has rolled out a fund that targets U.S.- and Canada-listed companies involved in water-related business lines. The Tortoise Water Fund (TBLU) breaks companies out into “direct” and “indirect” categories, with the former bucket representing companies that derive at least 50% of their revenues from water-related […]
Tortoise hits Bloomberg
Simplification across midstream sector won’t kill off MLPs There’s a race among pipeline owners to reduce capital costs First came Kinder Morgan Inc., then Targa Resources Corp. and now Oneok Inc. — pipeline giants keep buying up their master-limited partnerships, once darlings of the energy world. Their moves raise a question: Are MLPs — tax-advantaged, […]
Tortoise hits MarketWatch
Oil pipelines find a booster in Trump, but deregulation may not help much The exchange-traded products that track the oil-pipeline industry have rallied since November’s U.S. presidential election, in some cases doubling the rise of the broader market. But despite the vocal champion they have in the newly inaugurated President Donald Trump, the new regulatory […]
Tortoise in Bloomberg
Oil and Gas Explorers Headed for IPO Are Finding Buyers Circling Two explorers on route to public listing bought this month Activity in the industry picking up as oil prices stabilize As oil prices stabilize and confidence returns to the patch, there’s been an uptick in oil and gas companies filing to go public. With […]
Tortoise on Bloomberg
U.S. Energy Outlook Under Donald Trump – Libby Toudouze, partner at Cushing Asset Management, and Robert Thummel, managing director and portfolio manager at Tortoise Capital Advisors, discuss the future of shale oil and energy independence under President-Elect Donald Trump. They speak on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)
Tortoise in Barron’s
Q3 Earnings: MLP Distributions ‘Off to a Good Start’ Distributions from master limited partnerships are rising — and should rise more as third quarter earnings season progresses, says Tortoise portfolio manager Rob Thummel in his firm’s weekly podcast. Read more here: http://blogs.barrons.com/incomeinvesting/2016/10/10/q3-earnings-mlp-distributions-off-to-a-good-start/
Tortoise in Barron’s
No Algiers OPEC Oil Freeze Likely, MLP Investor Says – As the world’s largest oil producers meet in Algeria, U.S. oil prices moved higher despite little hope that cash-strapped nations can agree to cap or freeze output.
Tortoise on Williams
Williams, ETE take on aggressive game plan after failed merger Exclusive By Nish Amarnath Williams Cos. Inc. and Energy Transfer Equity LP are redoubling the focus on their respective partnerships and growth projects as they try to heal from an acrimonious split. Both midstream majors plan to sacrifice their own earnings to build up their […]
MLPs with Rob Thummel
Investors Are Cozying Up to MLPs Despite Oil’s Bearish Streak After falling from grace amid crude’s collapse, master-limited partnerships, a darling of recent commodities booms, are winning over investors again thanks to their high payouts and long-term contracts. Read more here: http://www.bloomberg.com/news/articles/2016-08-09/investors-are-cozying-up-to-mlps-despite-oil-s-bearish-streak
Tortoise in Barron’s
Playing ‘Game of Tones’ Midway Through MLP Earnings Season Interpreting management comments is the main game of earnings season for energy-focused master limited partnerships (MLPs). Read more here: http://blogs.barrons.com/incomeinvesting/2016/07/26/playing-game-of-tones-midway-through-mlp-earnings-season/
Tortoise’s Take on Energy in Forbes
Energy Is Getting A ‘Green Flag’ From Investors, At Mid-Year Now that we’ve reached midyear, we thought it would be good to highlight a few topics that are driving the energy markets in 2016. Investors who dove into an energy market at the beginning of the year found the water was murky and the sea […]
Tortoise in Bloomberg
Oil Falls After Smaller-Than-Projected U.S. Crude Supply Decline Oil retreated after a government report showed U.S. crude stockpiles dropped by less than expected. Crude supplies fell 2.22 million barrels in the week ended July 1, Energy Information Administration data show. Analysts surveyed by Bloomberg had forecast the EIA would report a 2.5 million decline. The […]
Tortoise’s Thummel on CNBC
US oil reserves surge Rob Thummel, Tortoise Capital Advisors Managing Director, looks at a new study that confirms the U.S. holds more oil reserves than Saudi Arabia and Russia. Source: http://video.cnbc.com/gallery/?video=3000531790
Tortoise on Yahoo
Never mind the Brexit — here are energy stocks still worth buying: Portfolio manager Oil prices have been volatile since the Brexit vote, but there may be opportunities in the energy space, according to one portfolio manager. Read more here: http://finance.yahoo.com/news/never-mind-brexit-energy-stocks-000000196.html
Tortoise on Brexit and MLPs
Understanding Brexit’s Impact on Midstream MLPs Monday was shaping up to be a tough day for midstream master limited partnerships. The sector-tracking Alerian MLP ETF (AMLP) was down more than 4% by early afternoon as the price of crude fell 3.4%. Crude has been falling since the Brexit vote, but MLPs held up okay on […]
Tortoise on OPEC
Tortoise Capital’s Thummel on top energy investment strategy – Tortoise Capital energy portfolio manager Rob Thummel talks with Bobbi Rebell about OPEC, oil inventories, and where he believes the best opportunities are in the sector.
CNBC credits Tortoise
Thummel: OPEC is becoming less relevant Rob Thummel, Managing Director at Tortoise Capital Advisors, discusses the OPEC meeting, his outlook for the oil market and gives his picks in the energy sector. Source: http://video.cnbc.com/gallery/?video=3000522456
Tortoise Capital Advisors on CNBC
Crude oil rallies – Discussing oil price forecasts, with John Kilduff, Again Capital partner, and Matt Sallee, Tortoise Capital Advisors.
Tortoise in WSJ
OPEC Officials: May Discuss Oil Freeze at June Meeting OPEC is ‘still alive’ as a force in the oil market, says secretary-general Abdallah Salem el-Badri OPEC spoke on Thursday, but the market wasn’t listening. The Organization of the Petroleum Exporting Countries could revive talk of freezing oil production along with nonmembers at its next meeting […]
Tortoise on CNN
Oil producers face stark choice in key meeting – When the world’s major oil producers gather this weekend in Doha, they face a stark choice: agree to freeze crude production at current levels, or risk sending prices into another downward spiral.
Tortoise on CNBC
Oil higher to start the week – Is oil going higher or lower from here, with Rob Thummel, Tortoise Capital Advisors, and Bob McNally, Rapidan Group founder.
Tortoise in Barron’s
Energy Roundtable: 12 Oil Rebound Picks Four pros guide investors through the sector’s turmoil—and pick stocks and bonds for the next boom. Energy investors have arrived at the fifth stage of grief—acceptance. It hasn’t been easy. The price of oil has dropped 62% in the past two years, as easy access to credit helped fuel […]
Tortoise on Bloomberg TV
Thummel: Oil Could Reach $50 By End of 2016
Brian Kessens on TheStreet.com
Shale Is Here to Stay so Buy EOG and Pioneer U.S. shale production isn’t going away but not all shale is created equal, and that should guide investment decisions in the sector, according to Brians Kessens, a portfolio manager with Tortoise Capital. Read more here: Shale Is Here to Stay so Buy EOG and Pioneer
Tortoise in Seeking Alpha
Irrational Pessimism – Throwing The Baby Out With The Bath Water Since first publishing kortsessions.com in February 2013, I have tried not to get into the weeds on individual stocks ideas. We are all about the media and the adverse outcomes in store for those who rest their investment policy on their pronouncements. When I […]
Tortoise in CNN piece
Is the oil crash over? Prices soar 30% in 11 days Oil has stopped crashing. Investors around the world freaked out when oil prices plummeted to a 13-year low of $26.05 a barrel on February 11. But they are now sitting at $34 a barrel, marking an incredible 30% spike in the span of just […]
Tortoise in Seeking Alpha
A Case For MLP Investing After graduating from college in 1981, one of my first assignments as an auditor for Peat Marwick, now KPMG, was to assist on the Panhandle Eastern Pipeline audit. With that brief experience, I became intrigued with pipelines, and remain so 3 ½ decades later. Read more here.