From: Paul Barrett

From: Paul Barrett To: jetTrey E. <jeevaeatioit(Smail.com> Subject: RE: Saudi Date: Tue. 14 Nov 2017 21:54:49 +0000 !aline-Images: image001.pag: image005.jpg: image003.jpg It has moved 25bps since last week but remains the best way to play - if things blow up with Iran it should widen and if things settle and oil sells off then it likely stays wide. Math: 510MM notional costs - 5105,000 per year plus roll and leaves a Dv01 of 54500 (p/I per basis point) Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 Flo) (c) From: Jeffrey E. (mailto:[email protected]) Sent: Tuesday, November 14, 2017 4:11 PM To: Paul Barrett Subject: Re: Saudi yes likely to get worse. oil not yet a sale On Tue, Nov 14, 2017 at 4:09 PM, Paul Barrett wrote: Jeffrey Are you worried about this Saudi-Iran issue getting worse? Watching Saudi CDS again. If not then oil likely a sell. Paul Barrett Alpha Group Capital LLC 142 W 571h Street, 11th Floor New York, NY 10019 o) (c) Is, EFTA00953645 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacationQgmail.com and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00953646