The energy infrastructure sector and master limited partnership stocks are due for a bounce in 2016 after getting beaten up this year, Tortoise Capital Advisors' Rob Thummel said Monday.
Like other securities linked to the energy industry, energy infrastructure MLPs have seen valuations plunge throughout a roughly 60 percent rout in oil prices since last summer. The Alerian Energy Infrastructure ETF is down about 43 percent this year.
But Thummel noted that MLPs are currently improving cash flow, making their balance sheets look healthier. At the same time, he sees the supply-demand imbalance narrowing in 2016.
Some MLPs are also paying out attractive dividend yields, he said, so investors get paid to wait out the energy downturn. The yield on the Alerian ETF is nearly 4 percent.
"Right now, where MLPs are trading, how they've traded off, which doesn't really match up with their fundamentals, I'd be buying MLPs every day," the portfolio manager told CNBC's "Fast Money: Halftime Report."