EFTA Document EFTA01385333

3 January 2018 HY Corporate Credit HY Multi Sector,Media. Cable & Satellite underperformance - QEP and SN have been impacted by some weak well results (and some weather) while LPI has seen a significant inflation in capex budget with minimal impact on production. For one oily player, CRZO, the guidance is largely unchanged from start of the year. Moving to the gassy names, the performance is mildly negative - RRC's current production guidance is 3% below original target while GPOR's cape