CEM

Weekly Closed-End Fund Roundup: November 26, 2023

Weekly closed-end fund roundup. 19 out of 22 cef sectors are positive on price, and 21 out of the 22 sectors were positive on nav. Real estate was the lead gainer, while mlps lagged. Average price return was +0.79%, and the average yield was +8.76%.

Weekly Report: what happened at CEM last week (1127-1201)?

U.S. Natural Gas: Winter Weather, Prices, And Production

Natural gas prices in the u.s. Have been softer in 2023 after a warm winter sent prices tumbling last winter. Winter weather can be a wildcard for natural gas prices. Despite weaker prices, natural gas production growth is expected to continue. New lng export capacity is adding incremental demand, creating growth opportunities for energy infrastructure companies.

Weekly Report: what happened at CEM last week (1120-1124)?

Weekly Report: what happened at CEM last week (1113-1117)?

Q3 2023 Midstream/MLP Buybacks: C-Corps Remain More Active

Six constituents in the broad alerian midstream energy index collectively repurchased $745 million in equity in 3q23. Cheniere energy led the way with $357 million in buybacks. Corporations were more active with buybacks this quarter than midstream mlps. Canadian c-corps remained on the sidelines. Buybacks continue to compete with other capital allocation priorities. Midstream/mlp buyback activity moderates in 3z23.

Weekly Report: what happened at CEM last week (1106-1110)?

NTG: A Competent Midstream Fund With An 8.80% Yield

The tortoise midstream energy fund offers a solution for including midstream energy companies in tax-advantaged retirement accounts without tax problems. The fund specializes in investing in midstream partnerships and corporations. The ntg closed-end fund has a 0.37% increase in share price and an 8.80% yield.