Epstein Secrets

nflation divergence within Europe to make this a rich source of trades, but we are mostly sidelined her

nt month Brent futures have weakened by around S5/bbl, trading around $107/bbl and are almost flat in the last week. The weak demand in the physical North Sea crude markets has continued to weigh on the front end of the curve, now in contango through Nov 2014. The combination of seasonal high in global re

ge cap US oils. We view Hess as the most catalyst rich large cap US E&P for 2017 with a return to growth

p (HES) is a mid-sized oil & gas company with 1.0bn boe of proved reserves at end 2015. E&P operations are focused in the US onshore, deep water GOM, North Sea, Guyana, West Africa, and Asia. MGM Resorts International (MGM) Shaun Kelley +1 646 855 1005 Research Analyst, MLPF&S Buy, PO $33 1Q investment t

ation trade. Cheapen Financials upside by selling rich Utilities and Staples vol & expensive correl. Hi

cial Disclosures BofA Merrill Lynch is currently acting as Financial Advisor to Royal Dutch Shell PLC in connection with its proposed sale of its UK North Sea assets to Chrysaor LTD, which was announced on January 31, 2017. Bankof America Merrill Lynch Global Equity Volatility Insights |O6 June 2017. 29