First Trust New Opportunities MLP & Stock News

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WHEATON, Ill.--(BUSINESS WIRE)--First Trust New Opportunities MLP & Energy Fund (the "Fund") (NYSE: FPL) has declared the Fund's monthly common share distributions for February, March and April of $0.

Many of us got burned in the "double black swan" impact on master limited partnership funds (MLPs) last March when the global energy price war coincided with the COVID-19 crisis. Those that survived a

Midstream MLPs, as measured by the Alerian MLP Index, ended August down 1.3% on a price basis but up 0.5% once distributions were considered.

Distribution coverage for MLPs remains elevated relative to history after 1Q20 distribution cuts, implying that MLPs are better able to afford their distributions today than in the past, yet yields re

Chevron Corp. announced it will acquire Noble Energy Inc.

While a continuation of the Trump administration would be more friendly to oil and gas companies, a potential Biden administration appears manageable for the industry.

The equity price performance and elevated yields for midstream and MLPs paint a different picture than what may be drawn from fundamentals.

Recently in 2020, Master Limited Partnerships (MLPs) experienced quite significant volatility, following multiple years of above average volatility for the space.

First Trust Advisors L.P. ("FTA") announced today that Energy Income Partners, LLC ("EIP"), investment sub-advisor for First Trust MLP and Energy Income Fund (NYSE: FEI), First Trust Energy Income and

Midstream MLPs, as measured by the Alerian MLP Index (AMZ), ended July down 4.8% on a price basis and down 3.6% once distributions are considered.

CEF discounts remain significantly wider than their historical average, indicating attractive valuations.

Midstream and utilities both tend to appeal to investors with their attractive income and diversification benefits.

The first half of 2020 certainly saw a volatile market as we hit all-time highs on February 19th, then quickly entered into a bear market.

The World Bank estimates global GDP will fall by -5.2% in 2020 from the effects of COVID-19. The EIA predicts US oil production will be largely range-bound for the next eighteen months at levels 10-15