From: Richard Kahn
Sent: Wednesday, November 30, 2016 1:43 PM
To: Jeffrey E.
Subject: Fwd: **OPEC CUTTING BY 1.2MBD...BUY US SHALE NAMES***
Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022
Begin forwarded message:
From: =/b>"Ens, Amanda" <
Subject: =/b>"OPEC CUTTING BY =.2MBD...BUY US SHALE NAMES""
Date: =/b>November 30, 2016 at 8:42:07 AM =ST
To: =/b>"Rich Kahn"<
Reply-To: =/b>"Ens, Amanda" a>
From our London desk
•OPEC =GREES TO CUT OUTPUT BY 1.2M B/D TO 32.5M BID: DELEGATE. =/span>Brent is @ $50/bbl.
Now =et's see how much they can get from non-OPEC.
US oil =ames will go ballistic on the open. Team USA will be declaring the victory of shale =ver the Saudis. =/span>We
are buyers of CLR, DVN, HES, PXD, EOG...
We also =ike Permian infrastructure names like SXL and Plains All American given =ow much crude is flowing...
EFTA_R1_00108344
EFTA01785899
Of course, =here is room to be sceptical about implementation, but for now, higher =il prices are good for the whole
commodity complex, good for EM, and =ood for the USA. =/span>BUY.
More to come
This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged,
=onfidential and/or proprietary and subject to important terms and =onditions available at
http://www.bankofamerica.com/emaildisclaimer. If you are =ot the intended recipient, please delete this message.
2158862
2159170
This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged,
=onfidential and/or proprietary and subject to important terms and =onditions available at
http://www.bankofamerica.com/emaildisclaimer. If you are =ot the intended recipient, please delete this message.
2159228
2
EFTA_R1_00108345
EFTA01785900