Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of April 30, 2015
After lowering our forecast for oil and gas prices, fair values across the energy sector have generally dropped, but some E&P and midstream names are reasonably valued, says Morningstar's Matt Coffina.
Examining the impact of abundant low-cost supply--and uncertainty in global oil markets--on the domestic natural gas complex.
Oil prices are likely to rebound from here, but robust U.S. supply will ultimately cap upside.
The Gold-rated T. Rowe Price Capital Appreciation manager also discusses the fund's recent growth picks and attraction to BB-rated bonds.
Current valuation levels imply mediocre total returns and an elevated risk of a material drawdown.
On Jan. 4, Morningstar presented its annual Fund Manager of the Year awards. The 2011 winners are ...