EFTA Document EFTA01785899

From: Richard Kahn Sent: Wednesday, November 30, 2016 1:43 PM To: Jeffrey E. Subject: Fwd: **OPEC CUTTING BY 1.2MBD...BUY US SHALE NAMES*** Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>"Ens, Amanda" < Subject: =/b>"OPEC CUTTING BY =.2MBD...BUY US SHALE NAMES"" Date: =/b>November 30, 2016 at 8:42:07 AM =ST To: =/b>"Rich Kahn"< Reply-To: =/b>"Ens, Amanda" a> From our London desk •OPEC =GREES TO CUT OUTPUT BY 1.2M B/D TO 32.5M BID: DELEGATE. =/span>Brent is @ $50/bbl. Now =et's see how much they can get from non-OPEC. US oil =ames will go ballistic on the open. Team USA will be declaring the victory of shale =ver the Saudis. =/span>We are buyers of CLR, DVN, HES, PXD, EOG... We also =ike Permian infrastructure names like SXL and Plains All American given =ow much crude is flowing... EFTA_R1_00108344 EFTA01785899 Of course, =here is room to be sceptical about implementation, but for now, higher =il prices are good for the whole commodity complex, good for EM, and =ood for the USA. =/span>BUY. More to come This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged, =onfidential and/or proprietary and subject to important terms and =onditions available at http://www.bankofamerica.com/emaildisclaimer. If you are =ot the intended recipient, please delete this message. 2158862 2159170 This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged, =onfidential and/or proprietary and subject to important terms and =onditions available at http://www.bankofamerica.com/emaildisclaimer. If you are =ot the intended recipient, please delete this message. 2159228 2 EFTA_R1_00108345 EFTA01785900