C.O.B. Tuesday

C.O.B. Tuesday Special Edition - The Front Lines of the Energy Debate


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Last week, an oilfield services company tried to buy logo apparel for all its employees. This was to be a holiday gift after a traumatic year. But the apparel’s manufacturer refused the order. We are told the apparel company did not want to “co-brand” with an oil and gas firm despite the fact most, if not all, of its own products are produced from hydrocarbon feedstocks sourced from the oil and gas industry. 

Similar incidents are becoming all too frequent. They reveal how far our society has drifted away from a thoughtful and honest discussion about energy, the environment, and the economy. I think Scott Tinker refers to that intersection as the 3E’s. 

In this instance, the ‘offending’ company is Innovex. We were lucky to have its CEO, Adam Anderson, join us to talk about his experience. He explains why he decided to share his story through social media, where it received far more attention than he anticipated! 

The world seems to have a very straightforward choice to make: acknowledge the full scope of the benefits hydrocarbons provide to all our lives and include oil and gas in the planning and process of making the world a better place, or exclude the industry, continue to perpetuate the myth it alone is to blame for the world’s environmental challenges, and learn the hard way what its absence would truly cost. This was a fun and different interview, and we are so thankful Adam joined us. 

At COBT, we are resolved to help the public better understand the opportunities and choices that interlink us so that we can all make more informed decisions on how to support each other with respect and gratitude. 

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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.
 
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