Tortoise’s Matt Sallee comments on energy IPOs

Shell to Sell Shares in U.S. Pipeline Unit Amid Energy Boom

“Now you’ve got the first major and that’s got us excited,” Matt Sallee, who helps manage $17.5 billion at Tortoise Capital Advisors in Leawood, Kansas, including the first closed-end fund focused on MLPs. “It would not be surprising to see others follow suit. Shell’s putting a seal of approval on the MLP space today.”
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