ortoise Energy Independence Fund is a closed-end management investment company. The Fund's investment objective is to seek high total return with an emphasis on current distributions paid to stockholders. The Fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that have presence in North American oil and gas fields, including shale reservoirs. We show 1 historical shares outstanding datapoints in our NDP shares outstanding history coverage, used to compute NDP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NDP market cap history over the course of time is important for investors
interested in comparing NDP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NDP versus a peer is one thing; comparing
NDP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NDP can fluctuate over the course of history.
With this page we aim to empower investors researching NDP by allowing them to research the NDP market cap history. |
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Video: The Importance of Market Cap
