From: Barrett, Paul S IM=
Sent: Friday, May 17, 2013 12:39 PM
To: Jeffrey Epstein (jeevacation@gmail.com)
Cc: Barrett Pod
Subject: Energy Options
=OD
Jeffrey
=p class="MsoNormal">
Op=ions look expensive. But my top picks remain Cabot, Tesoro, Holly and Sc=lumberger.
c=p>
Continental Resources (CLR) — using $84.80
=OA
&=bsp; Dec 21, 2013 expiry &n=sp; 85.00 strike calls &n=sp; $8=2E50 (break-even 93.30)
&n=sp; &=bsp; &nb=p; =nbsp; 90.00 strike calls =nbsp; $6.20 &=bsp; (break-
even 96.20)
=nbsp;
Cabot Oil and Gas (COG) — using $68.25
&nbs=; Oct 19, 2013 expiry = 70.00 strike calls = &n=sp; $5.70 (break-even 75.70)<=p
&=bsp; &nbs=; =nbsp; &nb=p; = 75.00 strike calls = $3.70 =nbsp; (break-even
78.70)
Tesoro (TSO) R=1; using 56.65
&n=sp; = Nov 16, 2013 expiry 60.=0 strike calls =nbsp; $5.30 (break-even =5.30)
= &n=sp; = &=bsp; &nb=p; 65.00 strike calls &nb=p; =nbsp; $3.60 (break-even
68.60)
=OD
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Holly Frontier (HFC)— using 47.80
=nbsp; Dec 21, 2013 expiry &=bsp; 50.00 strike calls &=bsp; $4.40 &n=sp; (break-even 54.40)
&nb=p; =nbsp; &n=sp; &nbs=; =5.00 strike calls 8t=bsp; $2.75 (break-=ven
57.75)
<=p>
Plains All America (PAA) — using 57=2E80
&n=sp; Nov 16, 20=3 expiry 60.00 strike ca=ls =nbsp; $1.65 (break-even 61.65)
&n=sp; &=bsp; &nb=p; 62.50 strike calls &nb=p; $1.=0 (break-even 63.50)
National =ilwell Varco (NOV) — using 67.50
= Nov 16, 2013 expiry =nbsp; 67.50 strike calls =nbsp; $5.15 &=bsp; (break-even 72.65)
=OD
Schlumberger (SLB) — using 75.60
=nbsp; Nov 16, 2013 expiry 8c=bsp; 75.00 strike calls &=bsp; $5.35 8in=sp; (break-even 80.35)
&nb=p; =nbsp; &n=sp; &nbs=; =7.50 strike calls &=bsp; $4.10 (break-=ven 81.60
</=>
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