For our first session of 2021, we were thrilled to welcome back an esteemed guest and great friend, Robert Bryce. Robert's experience includes being an acclaimed author, moviemaker, speaker, columnist, and much more.

Today's focus was all about Saudi Arabia and Georgia. We also took a look back at 2020 and ended with our favorite energy moments of the year.

Our TPH crew kicked off the discussion: Mike Bradley covered Saudi Arabia's production news and Matt Portillo discussed energy stock valuations and TPH Research's themes for 2021. Colin Fenton prepared us for our discussion with Robert with a few slides on Georgia, fundamentals, inflation, and bitcoin.

----------

Copyright 2021, Tudor, Pickering, Holt & Co. The information contained in this update is based on sources considered to be reliable but is not represented to be complete and its accuracy is not guaranteed. This update is designed to provide market commentary only. This update does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing contained in this update is intended to be a recommendation of a specific security or company nor is any of the information contained herein intended to constitute an analysis of any company or security reasonably sufficient to form the basis for any investment decision. Past performance is not indicative of future results. Tudor, Pickering, Holt & Co., and its officers, directors, shareholders, employees and affiliates and members of their families may have positions in any securities mentioned and may buy or sell such securities before, after or concurrently with the publication of this update. In some instances, such investments may be inconsistent with the views expressed herein. Tudor, Pickering, Holt & Co. may, from time to time, perform or solicit investment banking or other services for or from a company, person or entities mentioned in this update. Additional important disclosures, including disclosures regarding companies covered by TPH’s research department, may be found at www.tphco.com/Disclosure. Tudor, Pickering, Holt & Co. (TPH) is the global brand name for Tudor, Pickering, Holt & Co. Securities, LLC., Tudor, Pickering, Holt & Co. Securities – Canada, ULC and their affiliates worldwide.

Institutional Communication Only. Under FINRA Rule 2210, this communication is deemed institutional sales material and it is not meant for distribution to retail investors.

C.O.B. Tuesday Ep. 45 - Two States: Georgia and Saudi Arabia Featuring Robert Bryce

C.O.B. Tuesday

C.O.B. Tuesday Ep. 45 - Two States: Georgia and Saudi Arabia Featuring Robert Bryce