EFTA01357804

13 January 2015 HY Corporate Credit Energy Figure 44: Industry Relative Value EV & Leverage - /lodged Cenipmry knot 11....80 Lento Smoot leetrego T016 temtalie MM lersm. In 114T0..8 MEM aCILMMILISOMILMEZILIII Mmna. Emicy Palma( • 01 26 • 118 i..... - M4 .45a .. 1.1 • 14 51 112W An.,, Rommon 044 0& keme. Omit • 01. IN 06. 32 lex 33. 29. 29, 28 18 1.0. 3% 28 :1. 3:+ .1 38 22. 28 29x 238 4.44 ISO, 45. 146 5a amopeemEnG9 01. 25. 2.h 29« 2 O. 27. 7: Li j I 5. 1 Sr 24. 7.36 5 7. 67. Om% km8 0+x • ON 07. 0 Ow 141 0h 09. 1 ft 0h 0h 14 7.4 51., 108 CoMoRemeces 02 0.1. 04 22X 18 28 224 14 28 28 I 14 23x tb kW SO. Detam Remakes 05. 06. 08 04 04 061c 21x 2 7. 21s 37. 9. 2h 37x 51x 77. 37. Maked Beck ENO% 01x 0.44 07. 10.4 1.6 21x1 18 1.6 28 2 .Ct. 21x 2.5. 102. 12* EP Espy 144 134 IS 14x 28 218 34. 24 2477, 32' 28x 28 7.3t 58 66 Esc Itmtunns me 28 05. t4 37. 38 S5.1 37. 36 55* 38 94 54. 58 36 54 awl Oi • 2& 38 4& 2M 721 4& 52. 72 •2r. 50. 72 66 56 72 148145115.46.864 08 0h 08 53. 511 5.6. 5a 56 said 58 50, 56c 6.1. 50. 5 7. H1cap kith 05. 04. 10. 04. 07x 2,,] 04 I I, 21. 0* i 14 28 144 134 16 Mgr." Hama 16.6.on 3h 38 Bb 1044 6 II. II *4 1 4b. 8.8a 1214 i MO. 6 0. 12 Ix 158 99.. 17z, Manes Penman 131 004 Ili 51. It 621 50 30. 45'. 58 3* 48 08 316 67. WM.% Emma% 05. 03. 01. 14 1St IS. 28 2k 21. 24 2.h 2 lx • IP • 5. 48 6.44 Poem" 04. 08 07.' 31. 38 346 Ilx 28 35. 30/ 316 34 Six 42. 52 %trey Eke% 57. 00. 08 57x 2.7. 34I 5.7. 27. 3 0. i 51. 2.78 30. 5.5. II Ix 10h Pann1.99.6 07x 0.3x 00, 42x 2.94 208' 48 2* 24I 4.4 25/ 266 66 .4. 2* OCP Resomes 024 28 1.4 14 Zat 18 IN 1 28 04 I Ix 44 201 47. mope Remorem 05. 07. 00. 05. 0.h 041 30. 27. 3 8 I 34 2h 38 158 0& 101 Rom% Re.curcts - 0 Ix 0 8. 25. 28 42 25. 2 (1. 4 2. . 2 8 28 421 64 26. 48 %men IN 25. • 2. 32. 0.I. 004 I 51. 61. *0. 418 64 ON NA PM 11.1 Sanclkhe Ens% - 0s 6a 40. 51. 1 68 404 514 I 31. 35. 51. Oh • 8. 88 Em% 08 I.I. 1M 211i 11). 144 2241 0* 1.8 2 8 ... 6. 4.3x 60. Sankat Lae% • 00. 216 38 43.4 I 2 *. 34 4 3. 2k 34 43. 04 43. 5r. Mkt 01 01. 15. 24. 12. 21 36c 12 22. 34I I8 221 34 02' 110. 106 neg. 909018311 21x 0,4 12 324 3.0. 38 3.3x 30. 3.41 26. 38 38 75. 30. 3* VP% Carlat/ 0 0. 20. 14 1 Ox 31. 1 5.‘ I Oil 38 0.4 104 0 k 45. 54 May - • 06. 01 . 09v 10t 0.4 I Ix • 26. 29, 5h 3.0, 62 101, 112. 104. a 454 126. /OA /48 128. 239. 75 I, 172, Man 0.4. &la 18 3.6. 11 1.9. 3.3. 3.3. kb 38 11.2X kis 75. 65, 7.611 614/10. 0.4. 6.4 57z 2S. 2l. /Um le. 27. 16. 28 Ibt 1.8 6). 4n. 50. EV & Len -Unlnd Senor Leaps Teta Lem.% Na Ltmokile TEY , ESITOAX ,ii• "E ft'r ' 6" A.I* 441:aat (too, Prman 02 36 ID*. 102 143. 127. 1434 127x • 143a 127x Mist, R4444/0.11 Ott 04 II. • 3.. 37. 3S 48 37. 35. 434 37. 361 3.1.h 21.3. 14h Stara 0441, • 01. 08 17. 23. 40. I7. 29. 4 04 I I. 28 •5t ••2:c 47, 74 111.44•66.4.• Enemy 0.. • • 25. 20. 38 24 24 34 24. /04. 30. 7.1. 59. S4 7.691 ICOM.0 IISOCOS 011 • 01x 02 01. 0.1 07x 2 la 04 It lea 30. Oh 24 09. 19. Its 33. Oh 24 074 f4 14 33. 74 6.Ix Cl. 71, 106 111 05. 04 reme% 13. 05. 05. 18 2h 271 28. 22. 27x 74 5.3. 27. 7* Orwen De'binR13.7. 04 04 07. 26. It 22X 24 18 28 2h Ilk 28 2.h. 101. 134 P meow 15x 1a 24 35. 24 54 34 28 317. 32. 28 58 78 51. 114 8.9 ROCCW1244 inn 24. 04 IS 4.1x 3.4 666 4 Ix 35a Sao 34 38 Oh 6.5. 16. 6 Tx crest Of 16. dOrn A **WON 06 07. 1.8 14. 54 5.1x 2.4 5.04 road 10 Sx It ' S lx 51 56 10.4 10.8 4h 64 5.1. S4 104 1036 7.4. SI. 5.1. 5 la 106. 10 46 - Envoi 0 5. 04. 16 04x 07x 21x 09. 18 21. 01.6 II. 26 NA 748 PEA Imonan Moe Retwrots 24 37. 55. 05. 85. 128 I 95. 88 U2 04 84 138 14.... 124. 17. 1.4.14.6 PO4.6% II. 0& 22 46x 34 71x 34. 749 4.h 14. 74x 58 15. 77. le....61EciOreCO 05, 02. 01. 24 14 34 28 3b 23. 2Ct. 32a 54 •4 74. loaus P...coauri 04. 04 I1. 3.11I 2.0. 5 2 It I 11. 28 511 Sac 29. 57. (1.3x 4.4. S4 Pomy fe.42. 53, 06 09. 53. 22* 44 51. 27. 46 54 2h 48 5.x III. 144 Nen vers. 07. 0a 0h •28 30. 241 48. 38 74 44 34 24 Olk 45, 44 CEP Reaearke 04. • 22. 1.4 24 22 IS 2.5. 28 0.54 15. 4.4 20. 54 Rope Reason 05. 07. I Ix 05. 0.7x 1.18i II. 20a 18. 3.4 241. 17x 10.5. 93. 124 ROWE. %oaks - 0.. 08 25. 28 SCta I 25. 28 54 2b 24 56 70. 24 56 Sarno. I& 2b 48 12. 5.78 1041 54 57. 10.5. 404 5.h 104 NA 148 ik. 54.8.11419tErwa. 08 644 4 3. sod 6.4. 4b 96 38 38 1106 10.2 4 8. 104 E... • 04 I Ix I Am 31x I I.1. 14. II. Olt 18 31x • dm 41. 112. SINdlet Energy - 01. 27. 3.8 SIN I 2.7x 38 Sat 24 3.8 5% (1.1x 4 4I. 78 Meek 08 IC !Ay 121 24 ? ix 721 28 74 14 24. 78 0b 125. 312. .eery. Peortaxm 21x 0 • 16. 35. 3.11. 57x ; Us 16 Six as. tlx 5,774 2.6, II. 57. IPA few", J_ 05. 25. .2 281 1.I. 18 27. 24 Oh 28 - rat 8.0. • 8. Oa. • O. I li T • 0.0. /.11. • Or . 26. el. Mn' Mer 53. 3 . 0.8 06 .4. 9.5. 3. 104 101. 128 521 024 3.3. 11.3. 3.4. 13.2. 6.711 81. 3.01 Ma 138 132( 516 alb 7.9. 88 6.74 318 155. Madan 0.5. 04 104 2.7. 20. 4.0. • 3,1* 2.7x 58 2.7. 27. 68 638 8.26 56.. %wee COMP" AV,25 DeuffThe M ESOmme ancoitieni F.nanO• LP for Me kOxon2<tinaa-anreaowno 06 Mph noid, Mir la•ours6ga, %Mt 8:MMerg means nA'es OW WEITRAXEC El.a0.M.92,EPEITSCNAINXIXPO.O.SPEPVAROSCSA,SEWEN,SMTFEMAIV 14PX NO* TnangfepetrOlmen. 68691 ee• AM the mmemam Ammer 31 of oh 6496:4882 ear page 48 Deutsche Bank Securities Inc CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0044591 CONFIDENTIAL SDNY_GM_00190775 EFTA01357804