Robots in the Permian? Climate concerns drive innovation Chevron Corp.’s $33 billion takeover of Anadarko Petroleum Corp. shows how some of the world’s supermajor oil companies are investing in the Permian Basin oil field as a hedge against a future clouded by climate change. The deal, announced April 12, will leave Chevron with about 2.4 […]
Tortoise Capital Sees Oil Range Bound Long-Term – Rob Thummel, portfolio manager at Tortoise Capital Advisors, discusses volatility in the energy sector and his long-term outlook for oil prices. He speaks with Bloomberg’s Alix Steel on “Bloomberg Daybreak: Americas.”
Expect a second-half comeback from the energy sector: Tortoise Capital’s Rob Thummel – Rob Thummel, Tortoise Capital Advisors managing director, gives his outlook for the energy sector in the second half of the year.
Crude oil’s plunge below $50 a barrel is killing the oil and gas IPO market The return of oil and gas initial public offerings was nice while it lasted. Energy companies aiming to go public are staying on the sidelines as crude prices struggle to keep above $50 a barrel, analysts and investment professionals say. […]
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 […]
For MLP Investors, All Eyes Are on OPEC Meeting Thursday Investors in energy stocks have been eager to see if OPEC production cuts would be extended and perhaps increased. “We are finally here,” is how Tortoise Capitol Advisors portfolio manager James Mick started off a discussion of the Thursday’s upcoming OPEC meeting. Read more here: […]
Expert: All energy infrastructure companies are in really good shape – Rob Thummel, Tortoise Capital Advisors Managing Director, weighs in on energy stocks.
Brian Kessens and his team at Tortoise MLP & Pipeline fund invest opportunistically in assets that span the energy-production cycle.
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 […]
Rob Thummel, Tortoise Capital Advisors, discusses the energy space and which names you should invest in.
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, […]
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 […]
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 […]
Portfolio Manager Breaks Down Oil’s Surge, Expects Stable Prices Over The Next Few Years The price of oil soared to its highest level since the middle of 2015 after OPEC and non-OPEC members struck an agreement to collaborate on reducing their oil output to boost prices higher. Read more here: https://www.benzinga.com/analyst-ratings/analyst-color/16/12/8796913/portfolio-manager-breaks-down-oils-surge-expects-stable-
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)
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/
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.
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 […]
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
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/
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 […]
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 […]
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
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
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 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.
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
Crude oil rallies – Discussing oil price forecasts, with John Kilduff, Again Capital partner, and Matt Sallee, Tortoise Capital Advisors.
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 […]
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.