Somewhere between a new Administration, the lead Iranian nuclear scientist being killed, and an ongoing OPEC meeting, we were hungry this week for Middle Eastern and Washington insights.  We were so lucky as we found our good friend Ambassador Edward Djerejian of Rice University's Baker Institute for Public Policy to help us sift through the issue.

Ambassador Djerejian served 8 presidents from John F. Kennedy to Bill Clinton during his career in the U.S. Foreign Service.  He was also a former ambassador to Israel and Syria, stationed in the USSR during the Cold War and previously chaired the Advisory Group on Public Diplomacy in the Arab and Muslim World.  We touched on everything from the Arab Spring, the Iranian Nuclear deal, the Russians, the Chinese, why Syria matters more than you think, and a whole range of issues in between.  The chessboard that the new Administration faces drove much of the conversation.  In our discussion, we were of course listening carefully for clues on which way oil could be headed.    

We kicked off the discussion with our usual COBT Team: Mike Bradley gave us market perspective on OPEC and oil and stock prices, Matt Portillo provided the latest natural gas macro outlook from the TPH Research Team, and Colin Fenton gave an OPEC production and production quota pregame ahead of the Ambassador Djerejian discussion.  

We also had a special appearance from Deanna Zhang, a Director on our TPH Energy Tech team to preview our fourth Energy Disruption Conference [D4: Rebellion] happening next week.  The conference is a virtual 360 degree immersive format kicking off in Houston on Monday, Dec. 7th followed by Denver on Wednesday, Dec. 9th and closing out in Boston on Friday, December 11th.  Please join us for D4: Rebellion.  Click the link for details or locate more information below.  We also want to congratulate Deanna today on being named a Forbes' "30 Under 30" up and comer in Energy.  Way to go Deanna!  We are so very proud of you! 

So we had a lot happening today.  We are sure you will enjoy it all.  The Ambassador was fantastic.

----------

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 deem