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 […]
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 […]
Rob Thummell, Portfolio Manager for the Tortoise Select Opportunity Fund talks energy stocks with Gregg Greenberg of TheStreet.com. View the interview here.
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 […]
Money managers see big jump in infrastructure, energy assets By Arleen Jacobius Read the article here.
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, […]
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 […]
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.
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)
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.
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.
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 […]
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.
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)
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 […]
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.
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.
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, […]
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.
Nightly Business Report — February 2, 2015 View the entire show here.
Time To Consider Tortoise Energy Infrastructure Corporation? Read the rest here.
Our Market Monitor guest has energy stock picks he says are direct beneficiaries of the U.S. energy renaissance. Click here to watch.
Read the InvestmentNews article here.
Oil’s Price Drop Stands to Help Refiners Field-to-Pump Operations at BP, Shell Provide Insulation from Market Pressures LONDON—Falling oil prices mean energy companies and their investors can expect lower profits in the coming months. But big, integrated oil companies are likely to find that a recently unloved part of their business—oil refining—provides a cushion. Read […]
Falling Oil Prices Don’t Yet Pose Threat to U.S. Energy Industry Read more here.
Mixed Forecast For MLPs Master limited partnerships — companies that provide pipelines and other infratructure for energy producers — have enjoyed good weather and smooth sailing in recent years. Read more here.
Tortoise Capital’s Robert Thummel says there’s still a lot more upside for master limited partnerships and pipeline companies. – Reuters Insider (registration required) http://insider.thomsonreuters.com/app.html?hmy=0#/clip/1291224/i0ec37y0
Western Gas Equity MLP Plays Shale Oil And Gas Boom Master limited partnerships have sold off modestly in recent days on concerns that interest rates will rise soon. Read more here.
Alternative energy investments: Capitalizing on MLPs – Tortoise Capital Advisors managing director Robert Thummel on investing in master limited partnerships.
Energy Boom, Income Demand Boost Interest in MLPs Managers with separately managed accounts (SMAs) and funds of master limited partnerships (MLPs) have been raking in high-net-worth assets, a trend that appears far from over. The U.S. oil and gas industry boom, coupled with the demand for income in a low interest rate environment, have boosted […]