EFTA02618152

From: Shahzad Shahbaz Sent: Thursday, November 15, 2018 7:45 PM To: Jeffrey E. Subject: Crude Oil Trades Jeffrey, Hope you are well. HE Sheikh Hamad and Sheikh Jabor asked me to drop you a line on what we are=doing in the crude oil space. It is very simple and plain vanilla; • Selling puts with strikes of 90% and 85% for 6/12 months to generate pr=miums. • Buying oil forward for 6/12 months through futures contracts and/or swa=s. • We have looked at some collars/ratio collars but did not transact. Hope the above is useful. Please let me know if you have any questions. Thanks Shahzad. <?xml version=.0" encoding=TF-8"?> <IDOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>321793</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1542311095</integer> <key>flags</key> <integer>8590195717</integer> <key>remote-id</key> <string>871297</string> </dict> </plist> 1 EFTA_R1_01821202 EFTA02618152