Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

February 28, 2019@11:29 PM TFP Editor 0

LEAWOOD, Kan.–(BUSINESS WIRE)–This notice provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distributions paid on Feb. 28, 2019 and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distributions, paid on Feb. 28, 2019 and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains [Read More]

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The Latest: Pakistan’s airspace still closed, may open today

February 28, 2019@11:26 PM TFP Editor 0

ISLAMABAD – The Latest on escalating India-Pakistan tensions (all times local): 10:25 am. Pakistan’s civil aviation authority says the country’s air space remains closed for all domestic and international flights because of continuing tensions with neighboring India. In a statement, the agency said the government decision about the closure of the air space will remain effective until 1 p.m. on Friday, after which authorities will announce whether they are reopening it or keeping the airspace closed. Islamabad closed its air space on Wednesday after saying [Read More]

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Jared Kushner’s Multibillion-Dollar Plot To Give Saudis Nukes

February 28, 2019@10:55 PM TFP Editor 0

Authored by Juan Cole via TruthDig.com, The House of Representatives’ Committee on Oversight and Reform has issued a report on a plot to make billions of dollars by selling Saudi Arabia sensitive American nuclear technology that could allow the Kingdom to develop nuclear weapons. The scheme required breaking US law, which forbids technology transfers that might allow nuclear proliferation. The plot was pushed by a “company” formed for this express purpose called IP3 International, which doesn’t seem to have actually existed except as a sort of shell [Read More]

Oil rises on OPEC’s cuts, but soaring US exports and economic slowdown weigh

February 28, 2019@10:42 PM TFP Editor 0

Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further. U.S. West Texas Intermediate (WTI) crude oil futures were at $57.41 per barrel at 0350 GMT, up 19 cents, or 0.3 percent, from their last settlement. International Brent crude futures were at $66.59 per barrel, up 28 cents, or 0.4 percent. Traders said oil markets were currently tightening. In Venezuela, oil exports have plunged by 40 [Read More]

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Eclipse Resources and Blue Ridge Mountain Resources Announce the Closing of the Strategic Combination, Borrowing Base Increase to $375 Million, Name and Ticker Change, and Completion of Reverse Stock Split

February 28, 2019@10:18 PM TFP Editor 0

IRVING, Texas–(BUSINESS WIRE)–Eclipse Resources Corporation (NYSE:ECR) (the “Company” or “Eclipse Resources”) and Blue Ridge Mountain Resources, Inc. (OTCPK:BRMR) (“Blue Ridge”) today are pleased to announce they have completed the transaction to combine the two companies under the definitive merger agreement, which was previously approved by the boards of directors and stockholders of each company. The Company is also announcing that it has entered into an amended and restated credit agreement to expand its borrowing base from $225 million to $375 million and extended the maturity [Read More]

Huawei’s full-page WSJ advert: “Don’t believe everything you hear”

February 28, 2019@10:06 PM TFP Editor 0

Image copyright Getty Images Huawei has reached out to Americans in an unusual, full-page advert in the Wall Street Journal, telling them: “Don’t believe everything you hear.” In an open letter, executive Catherine Chen invited US media to visit the firm to clear up “misunderstandings” created by the US government. The US has been pressuring its allies to shun Huawei equipment on the grounds of national security. Some governments have done just that, putting the firm on the defensive. “I am writing to you in [Read More]

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Rescuers use excavator at collapsed Indonesia gold mine

February 28, 2019@10:05 PM TFP Editor 0

BOLAANG MONGONDOW, Indonesia – Rescuers have brought an excavator to the remote Indonesian gold mine that collapsed earlier this week, trapping dozens, hoping to speed up rescue efforts despite the risk of triggering landslides. Local disaster official Abdul Muin Paputungan said Friday the death toll has risen to eight and 20 survivors have been rescued. About three dozen people are still believed trapped in the rubble of the unlicensed mine that collapsed on Tuesday evening. Paputungan said an excavator began working on the site Friday [Read More]

A91 Emerging Fund to raise $250-300 million to support SMEs

February 28, 2019@8:57 PM TFP Editor 0

A Private equity fund called A91 Emerging Fund I LLP, which is backed by International Finance Corporation, is looking to raise $250-330 million to support small and medium-sized enterprises in India. International Finance Corporation will invest $25 million into the fund. The proposed investment will be in the form of equity, and will not exceed 20 per cent of the aggregate commitments, said the World Bank’s investment arm. The fund is planning to invest in 10-15 companies in the [Read More]

Cramer Remix: These are the market’s riskiest sectors

February 28, 2019@7:44 PM TFP Editor 0

CNBC’s Jim Cramer took the time on Thursday to explain why he will not recommend investors to buy any cannabis or Chinese company stocks—outside of a handful of names. The “Mad Money” host gave a number of reasons why he thinks there are a lot of risks to consider in both markets. In the cannabis group, Cramer said he likes Canopy, Cronos, and GW Pharma, whose CEO he interviewed on Wednesday. Out of the Chinese market, Cramer recommends buying Alibaba, a company he likened to [Read More]