Tuohy Brothers Investment Research Inc.

575 Madison Avenue, 10th flr, New York, NY 10022 | 212.605.0450

We provide insightful analysis of energy industry trends,
commodity markets and individual company developments.

Southwestern Energy: Focusing on Appalachia and Returns-Based Growth
July 19, 2018

Targa Resources: Plethora of Pending Catalysts (vertical integration, falling leverage, & renewed div growth)
June 21, 2018

Encana: 5-year Plan Pinpoints Premium Locations and Free Cash Flow Growth
June 15, 2018

Extraction Oil & Gas: Impressive Growth of Production & Free Cash Flow
May 25, 2018

Marathon Petroleum: The Value of Share Buybacks (SOTP simplification & growing FCF)
April 24, 2018

	Fundamental Energy Research Concise and forward looking with an emphasis on being directionally correct
	Institutional Equity Sales & Trading Providing institutional investors with market intelligence, research driven ideas on a real-time basis, quality execution and confidentiality
	Investment Banking We have participated in a broad range of capital market transactions for energy sector companies
	Management Access We regularly meet with senior management teams, providing customer access, and issue frequent company updates