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☆ Nat gas prices likely to remain weak short-term, says EQT CEO Toby Rice
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNat gas prices likely to remain weak short-term, says EQT CEO Toby RiceEQT CEO Toby Rice, and Rob Thummel, senior portfolio manager at Tortoise Capital, join CNBC's "The Exchange" to discuss OPEC's surprise production cut.

☆ Analysis: OPEC+ in driver's seat as oil supply growth lags demand
▼ + stars: | 2023-04-04 | by ( Alex Lawler | ) www.reuters.com time to read: +4 min

U.S. shale oil drillers over the last two decades helped to turn the United States into the world's largest producer. OPEC has this year been lowering its U.S. shale oil output forecast, having also done so in 2022. OPEC trims shale forecastsAn OPEC+ source, asked if OPEC+ is in the driver's seat when it comes to the oil market now, said: "We are not in the passenger seat". LACK OF INVESTMENTOPEC sources have cited a lack of sufficient investment to increase supply as likely to support prices this year. Demand growth is expected to exceed non-OPEC supply growthThe International Energy Agency, which represents 31 countries including top consumer the United States, also expects demand growth to exceed supply growth, although to a smaller extent than OPEC.

☆ Dill, Gherkin and Jalapeño, Houston’s Tortoise Hatchlings, Were Years in the Making
▼ + stars: | 2023-04-01 | by ( Suryatapa Bhattacharya | ) www.wsj.com time to read: 1 min

The three eggs Mrs. Pickles, a 53-year-old radiated tortoise, laid at the Houston Zoo may have been a surprise. But they were far from accidental. A zoo keeper noticed Mrs. Pickles digging in the ground at closing time one day in October, a sign the critically endangered reptile was about to lay eggs. What followed was part of a carefully managed global breeding program.

☆ Buying the dip on energy stocks? Wall Street pros name their top picks
▼ + stars: | 2023-03-28 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks amid a recent dip in oil prices. Thummel also likes two energy infrastructure stocks — Cheniere Energy and Energy Transfer . He likes Viper Energy Partners , which owns a royalty portfolio of oilfield assets. "Viper Energy has one of the largest backlogs of tier-one locations in the [Permian] basin. Viper Energy is thus able to leverage improving energy prices while having "strong" downside support, according to Davolos.

☆ Global oil demand in 2023 is expected to hit a record high, portfolio manager says
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal oil demand in 2023 is expected to hit a record high, portfolio manager saysRob Thummel, senior portfolio manager and managing director at Tortoise, says oil demand from Asia, particularly China, is expected to accelerate this year.

☆ Biden to designate two new national monuments, in Nevada and Texas
▼ + stars: | 2023-03-21 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

A wind and snow storm builds along the mountains of the Spirit Mountain Wilderness as viewed from Highway 163 on March 10, 2021 in Laughlin, Nevada. The Biden administration on Tuesday will establish two new national monuments in the Southwest, a decision that will protect the Spirit Mountain area in Nevada and Castner Range in Texas from development. The proclamations are part of the administration's commitment to protect one-third of the country's lands and waters by 2030. The Spirit Mountain area, also known as Avi Kwa Ame, would be the largest protected area under the administration so far and only the second monument designated to honor Indigenous tribes while conserving public land. Avi Kwa Ame is considered sacred by tribes including Mojave, Chemehuevi and Paiute.

☆ Biden creates two new national monuments in Nevada and Texas
▼ + stars: | 2023-03-21 | by ( Steve Holland | ) www.reuters.com time to read: +2 min

[1/2] U.S. President Joe Biden arrives at Harry Reid International Airport, for a visit to a reception for the Democratic National Committee in Las Vegas, Nevada, U.S., March 14, 2023. REUTERS/Leah MillisWASHINGTON, March 21 (Reuters) - U.S. President Joe Biden created two new national monuments, in Nevada and Texas, on Tuesday and launched an effort to consider expanding protections for all waters around remote Pacific islands southwest of Hawaii. The other new national monument is Castner Range in El Paso, Texas. Biden directed Commerce Secretary Gina Raimondo to consider initiating a new marine sanctuary designation for all U.S. waters around the Pacific Remote Islands. The designation would expand on the existing Pacific Remote Islands Marine National Monument established by President George W. Bush in 2009 and expanded by President Barack Obama in 2014.

☆ U.S. has solidified itself as a global affordable energy provider, says Tortoise Capital's Rob Thummel
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. has solidified itself as a global affordable energy provider, says Tortoise Capital's Rob ThummelRob Thummel, portfolio manager at Tortoise Capital Advisors, joins 'The Exchange' to discuss uncertainty in the banking sector, a sharp decline in commodity prices and the U.S. energy outlook.

☆ Meet 12 tech execs helping top private-equity firms like Apollo and Blackstone use AI and alternative-data to cut deals
▼ + stars: | 2023-02-24 | by ( Bianca Chan | Rebecca Ungarino | ) www.businessinsider.com time to read: +2 min

The people responsible for private-equity firms' internal tech have never been more important. Alt-data and AI capabilities are emerging as ways for firms to make deals and win new business. But that's starting to change as some of the largest PE firms take the plunge to invest in their own internal tech. Private equity has largely taken a wait-and-see approach to investing and building internal tech operations. Here is a list of top tech execs to know in the private equity industry.

☆ Baseball’s Given Up to the Ghosts
▼ + stars: | 2023-02-17 | by ( Jason Gay | ) www.wsj.com time to read: 1 min

Major League Baseball has decided it can live with ghosts. Specifically, its “ghost runner,” the runner automatically placed on second base at the start of each extra-inning frame until the game is finished. This daffy device was put in place during MLB’s abbreviated Covid season in 2020, and it has stuck around since in an effort to generate quick runs, avoid deep extra-inning slogs and burned-out bullpens, and complete the average baseball game in less time than it takes to ride a tortoise from Chicago to San Diego.

☆ Analysts overlook Alphabet's disappointing quarter, cite confidence in AI push as ChatGPT threat grows
▼ + stars: | 2023-02-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Analysts are willing to overlook Alphabet' s disappointing quarter in lieu of its artificial intelligence push and focus on costs. Shares of the search giant fell more than 4% after the company missed Wall Street's expectations for the fourth quarter. But, analysts lauded the company's focus on artificial intelligence as it faces mounting pressures from popularized Microsoft-backed chatbot ChatGPT . Alphabet CEO Sundar Pichai said the company plans to release its LaMDA language model with search components "very soon." GOOGL 1D mountain GOOGL falls after earnings Analysts also cited some confidence in the company's push to reengineer its cost structure and reduce inefficiencies.

☆ ExxonMobil, Chevron's big cash shows cheap gas isn’t coming back
▼ + stars: | 2023-02-01 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

Big oil sees political pushback on buybacksFuel prices at a Chevron gas station in Menlo Park, California, on Thursday, June 9, 2022. In the market, and at the oil companies headquarters, it seems the opinions issued from the White House aren't much of a factor in setting financial priorities. The benchmark now is to spend roughly a third of operating cash flow on capital investment, a third on dividends and a third on stock buybacks. Exxon made $76.8 billion in operating cash flow, invested $18 billion back into the business, spent $14.9 billion on dividends and $15.2 billion in stock purchases, according to its cash flow statement. Oil production is increasing

☆ U.S. oil refining margins hit 3-month high as plant outages rise
▼ + stars: | 2023-01-25 | by ( Shariq Khan | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - U.S. oil refining margins on Tuesday hit a three-month high and are likely headed higher, analysts said, as unplanned refinery outages weigh on already-tight fuel supplies. The outages have pushed up gasoline prices in Texas and Oklahoma this year ahead of what is expected to be a heavier than usual turnaround season for refineries. The rising prices and margins are unusual for this time of year, when travel falls. Average gasoline prices in Texas hit about $3.07 a gallon on Tuesday, up almost 44 cents from a month ago, according to the AAA motor group. A diesel producing unit at PBF Energy's (PBF.N) Chalmette, Louisiana, refinery was shut following a fire on Saturday.

☆ Jim Cramer's 5 rules for earnings season
▼ + stars: | 2023-01-10 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday went over a list of do's and don'ts for investors ahead of a busy period of earnings. The upcoming earnings season, which kicks off this week, features quarterly updates from the nation's largest banks, manufacturers and airlines. That means investors shouldn't make investing judgments solely based on how many companies perform compared to analysts' consensus estimates. In other words, investors shouldn't buy a stock unless they've done the homework themselves to research the company. Cramer added that a chief executive's willingness to buy back stock after the company reports earnings is yet another sign that investors should buy the stock themselves.

☆ A scientist's recordings reveal turtles coo, squeak, and croak. Listen to their rarely-heard calls.
▼ + stars: | 2022-12-29 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Researcher Gabriel Jorgewich-Cohen recorded surprising vocalizations from 50 turtle species. Listen to 13 of these seldom-heard turtle sounds, from croaking and squealing to cooing and purring. They were making sounds, too — like the creaking clicks in the clip below. Jorgewich-Cohen recorded 50 different turtle species. The sounds of not-so-silent creaturesJorgewich-Cohen suspects that people don't notice turtle sounds very often because it's hard to hear them through water.

☆ Oil prices will likely rise in 2023 as China reopens, says Tortoise's Rob Thummel
▼ + stars: | 2022-12-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices will likely rise in 2023 as China reopens, says Tortoise's Rob ThummelRob Thummel, Tortoise senior portfolio manager, joins CNBC's 'Squawk Box' to discuss the moves in energy prices as China moves to reopen its economy.

☆ 'Avatar: The Way of Water' review roundup: See it on the biggest screen possible, critics say
▼ + stars: | 2022-12-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

"The Way of Water" follows Jake Sully (Sam Worthington) and Neytiri (Zoe Saldana) who are now the parents of four Na'vi children. Read more: "Avatar: The Way of Water" could be headed for a $175 million opening weekend Critics are adamant that audiences should watch "The Way of Water" on the biggest screen possible, lauding the film for its you-won't-believe-this-is-computer-generated visuals and bombastic sound design. Here's what critics thought of "Avatar: The Way of Water" before its Friday release. Avatar: The Way of Water Courtesy: Disney Co.Ma did note that "The Way of Water" is "jaw-droppingly beautiful," likening it to watching a David Attenborough documentary rather than a CGI feature. Avatar: The Way of Water Courtesy Disney Co.Mick LaSalle, San Francisco Chronicle

☆ China's reopening is a bigger driver for oil prices than cap on Russian crude, Singapore foreign minister says
▼ + stars: | 2022-12-07 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

watch nowChina's reopening after the pandemic will be a bigger driver for oil prices than the cap on Russian oil, Singapore Minister of Foreign Affairs Vivian Balakrishnan told CNBC on Tuesday. "Now that has profound implications for the global economy, more so than an oil price cap." Balakrishnan's comments come after the Group of Seven's $60 price cap for Russian seaborne oil and ban on Russian crude took effect Monday. Oil prices climbed in Asia trading Monday after China, the world's largest oil importer, signaled further easing of Covid-19 measures. "The factor that will drive [China's oil] demand higher ... will be obviously the reopening of the economy, but more importantly, building an inventory," he said.

☆ Infrastructure development is crucial for energy security, says Tortoise portfolio manager
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInfrastructure development is crucial for energy security, says Tortoise portfolio managerRob Thummel, Tortoise portfolio manager, joins 'The Exchange' to discuss investment opportunities in the U.S. energy sector, the crucial role of infrastructure in the energy transition and the global energy trade.

☆ Portfolio manager says he's bullish about oil prices
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortfolio manager says he's bullish about oil pricesRob Thummel of Tortoise Capital discusses the factors that will push oil prices up in 2023.

"I remember reading a book once called, 'Sacred Cows Make the Best Burgers,'" Poirier said at the company's investor day. Calgary, Alberta-based TC is widely known for its Keystone oil pipeline, a critical artery for moving Canadian oil to U.S. refiners that dominated headlines over the past decade for an expansion that ultimately failed. Keystone could fetch TC C$12.8 billion, said CIBC analyst Robert Catellier in a note. He added that reducing TC's oil exposure would help it reach its emissions-reduction goals. TC's stake in the Millennium natural gas pipeline in New York state is another logical sale candidate and could fetch $1 billion, said Scotiabank analyst Robert Hope.

Anne Heche’s estate has been sued by the woman whose Los Angeles home was destroyed in the car crash that ended the actor’s life. “Thankfully, (Mishele) and her pets, which she regards as family, avoided death that day,” the lawsuit said. The Aug. 5 crash, which caused a fire, was ruled an accident by the Los Angeles County medical examiner’s office. A Los Angeles police spokesman had previously said police were investigating the crash as a felony DUI collision. Mishele's lawsuit asks for at least $2 million, but the claim could be more depending on the total value of damages from the crash.

In the three years to the end of 2021, Alphabet, Meta and Snap (SNAP.N) hared ahead. The upshot was the Big Tech groups boasted 2021 revenue of $380 billion, most of which was digital advertising. Alphabet, Meta and Snap saw revenue up a miserly 2.4%, on average. For one thing, digital ad giants’ stellar 2021 made maintaining the pace trickier. Meta and Alphabet will still see some of this cash given traditional ad players will use platforms like Google for these big clients’ digital advertising.

☆ Here's what the midterm election results could mean for energy ETFs
▼ + stars: | 2022-11-09 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Energy has been a key political topic this year, with soaring oil prices leading to discussions about how to boost U.S. energy production. "Sector-focused policy changes would be even more limited under a divided Congress than under Republican control. That could be good news for the clean energy policies pushed in the Inflation Reduction Act, which included several provisions to boost green energy that some Republicans opposed. Some progressive lawmakers had resisted the idea, which could ease the process for approving new oil pipelines and green energy projects. Pipeline funds Tortoise North American Pipeline fund (TPYP) and Global X MPL & Energy Infrastructure ETF (MLPX) were outperforming traditional energy funds on Wednesday, but still lower as oil prices declined.

☆ These ETFs can help round out your midterm election investing playbook
▼ + stars: | 2022-11-08 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Even if the election results match expectations, stocks may still rally as some unknowns are removed. Broad sector ETFs from firms like iShares, State Street and Vanguard are one way to play these sectors, offering cheap broad exposure. For example, the Industrial Select Sector SPDR ETF (XLI) and Vanguard Communications Services ETF (VOX) both have an expense ratio of 0.10%. Under-the-radar elections Federal elections are not the only contests on Tuesday that could move stocks. The biggest marijuana ETFs — AdvisorShares Pure US Cannabis ETF (MSOS) and ETFMG Alternative Harvest ETF (MJ) — are each down more than 50% for the year.

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