Epstein Secrets

1.32 1.35 04 (Dec) 0.93 1.18 1.23 1.44 1.48 FY 3.15 3.95 4.00 5.10 5.20 Bloomberg EPS FY (s) 3.10 3.98 5.10 Source: Company data. Bloomberg. J.P. Morgan estimates. North America Equity Research 12 June 2014 Overweight HAL, HAL US Price: $66.94 A Price Target: $78.00 Previous: $77.0

tnering with Pemex in both shallow and deepwater. Lastly, Venezuela may be showing some signs of improvement with the recently negotiated deal with PDVSA. Together with Schlumberger and Weatherford, $2bn in work has been agreed upon, which will include payment on receivables. Many Options with Balan

w fully recouped recent losses. You're now down 5246,600 on your 4.5mm PVDSA 5% 10/28/15 (your average cost is 91.08) Mid-level 85.6, 15.53% yield (Bloomberg, 3/19/14) PDVSA 5% 10/15 -1 r Price History PDVSA S 10/28/15 6(K) 1512.6 bp vs T 0.250 02/29/2016 *. , 11.3hrl ; 85.500 I 87.750 Le 84.500

From: Tazia Smith Sent: 3/19/2014 9:22:16 AM To: [email protected] CC: Paul Morris Vinit Sahni ahe Stepanian Subject: PDVSA 5% 10/28/15 now completely retraced recent drop... lC) Classification: Confidential Nay Gupta Jeffrey - PVDSA has now fully recouped recent losse

w fully recouped recent losses. You're now down $246,600 on your 4.5mm PVDSA 5% 10/28/15 (your average cost is 91.08) Mid-level 85.6, 15.53% yield (Bloomberg, 3/19/14) PDVSA 5% 10/15 - 1yr Price History PDVSA 5 10/28/15.1 '85-600 4-.100 1512.6 bp vs T 0.250 02/29/2016 .,t r WV. Vol 11.3MM Do 85.5

nt losses. You're now down $246,600 on your 4.5mm PVDSA 5% 10/28/15 (your average cost is 91.08) Mid-level 85.6, 15.53% yield (Bloomberg, 3/19/14) PDVSA 5% 10/15 - 1yr Price History PDVSA 5 10/28/15.1 '85-600 4-.100 1512.6 bp vs T 0.250 02/29/2016 .,t r WV. Vol 11.3MM Do 85.500 H1 87.750 L

d to file: pic04083.gif) used with permission of Bloomberg Finance LP, 1/10/14 Forwarded by on 01/12/2014

On Sun, Jan 12, 2014 at 4:38 PM, Tazia Smith wrote: Classification: Confidential Jeffrey: Please find the chart of PDVSA 5% 10/28/15 price history below, as well as a description of the USDJPY 10yr trade that we briefly discussed on Friday. Speak with you soon, Tazia

d to file: pic01703.gif) used with permission of Bloomberg Finance LP, 1/10/14 Forwarded by on 01/12/2014

On Sun, )an 12, 2014 at 4:38 PM, Tazia Smith wrote: Classification: Confidential Jeffrey: Please find the chart of PDVSA S% 10/28/15 price history below, as well as a description of the USDJPY 10yr trade that we briefly discussed on Friday. Speak with you soon, Tazia

a <mime-attachment.gif> Used with permission of Bloomberg Finance LP, 1110/14 -- Forwarded by Tazia Smith/

ou think money good in 15 On Sun, Jan 12, 2014 at 4:38 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey: Please find the chart of PDVSA 5% 10/28/15 price history below, as well as a description of the USDJPY 10yr trade that we briefly discussed on Friday. Speak with you soon, Tazia