Tortoise QuickTake Podcasts

In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:

• In October, Alerian MLP Index outperformed the Dow Jones Industrial Average, which had its best monthly gain since January 1976
• Updates on third quarter earnings season with many core infrastructure holdings reporting results last week
• Companies unveiling expansions to the U.S...

In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:

• An overview of earnings results from across the value chain
• Excelerate Energy announced the finalization of yet another LNG contract with the German government to deliver incremental gas supplies

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In this week's energy podcast, Senior Portfolio Manager Brian Kessens discusses:

• Markets bounced back last week after the UK made a U-turn on fiscal policy and conjecture the Fed may be less hawkish at its early November meeting
• President Biden announced a 15 million barrel draw from SPR through December in an effort to keep crude oil prices lower
• Update on third quarter earnings season

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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:

• CPI indicating potentially more rate hikes to curb inflation
• Why we think higher crude oil prices will not push the US into a recession
• Midstream energy companies continue to participate in the energy transition using existing pipeline systems to transport cleaner energy sources

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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:

• Midstream energy outperformed the broad markets increasing almost 4%
• OPEC+ announced that it will cut production by 2 million barrels per day starting in November
• European countries are taking actions to reduce energy consumption over the winter due to Russia cutting natural gas to Europe

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In this week’s energy podcast, Senior Portfolio Manager Quinn Kiley discusses:

• Consensus view appears to be that the Fed’s conviction that it must increase interest rates to fight inflation will cause a recession
• Unfortunately Senator Manchin’s language to limit permitting time for infrastructure projects was removed from the bill
• OPEC+ meets this week and positive communication to support oil prices could drive energy stock higher

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In this week’s energy podcast, Senior Portfolio Manager Brian Kessens discusses:

• Senator Manchin provided details of his Energy Independence and Security Act of 2022, which contains a host of provisions that could benefit the entire energy value chain
• Two more US LNG developments from Cheniere Energy and Tellurian
• This week includes watching out for tropical storms and how they could impact energy prices

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In this week’s energy podcast, Senior Portfolio Manager Matt Sallee discusses:

• On the bright side, the latest PPI data points to a 13% FERC tariff escalator for liquids pipelines
• Positive company news for Cheniere, Crestwood and NextDecade
• Energy is the only sector not expected to experienced negative earnings revisions for Q3

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In this week’s energy podcast, Senior Portfolio Manager James Mick discusses:

• OPEC+ elected to cut production by 100,000 barrels per day, reversing it’s previous increase
• The natural gas concerns for Europe continue as Mother Nature will decide how long storage levels last
• Acquisition announcements from Williams Companies and EQT

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In this week’s energy podcast, Senior Portfolio Manager Rob Thummel discusses:

• Elon Musk underscored the need for oil and gas in the short term for the multi decade transition to a sustainable economy
• The national average price for unleaded gasoline has declined for 81 straight days
• Europe gears up for the winter season by increasing LNG imports, receiving nearly 70% of US record level exports

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