C.O.B. Tuesday Ep. 29

Today we have not one but two exciting things for you. First, we did our first "on the road" show, filming from Oceaneering's ROV center North of Houston. Second, we had the real honor of hosting Leslie Beyer, the President of PESA.PESA... the Petroleum Equipment and Services Association, is a stunning organization. It does things you would never guess (training State Department professionals that serve in oil and gas countries), is way out-front on issues you might not have expected (technology, ESG, diversity and inclusion), is expanding into new areas (via the energy transition), and is remarkably close to what's happening and what's not happening in Washington (Leslie and her team can tell you every energy-related job in every congressional district in the country). We had a great visit as Leslie's energy and determination were contagious!Our squad leads off with a discussion of the three C's: Crude, Colorado, and California.At the end, you'll see we also added some live shots of what's happening at Oceaneering. Special thanks to Rod Larson, Bill Mallin, and Michael Rowand for hosting our first "on the road" session.----------Copyright 2020, 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 Advisors LP, 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.