3
Shared Docs
1
Same-Page
3 / 3
Mentions
aming non-US affiliates in the US (short name legal name, regulator): Merrill Lynch (South Africa): Memll Lynch South Africa (Pty) Ltd, regulated by The Financial Service Board, MLI (UK): Merrill Lynch International, regulated by the Financial Conduct Authority (FCA)and the Prudential Regulation Authority (PRA', Menill Lync
balances point to deficits of 210 kbd in 2017 and 90 kbd in 2018. We lower our WTI forecasts to average $47 this year and $50.bbl next year. We cut Brent to $50 this year and $52bbl in 2018. We now beleve oil stays in contango by yearend. but see a WTI forward anchor al $45.50 and S5 backwardation by
Estimate Change
a lookalike to Liza, we believe a ‘plus three year’ development scheme is a reasonable basis to frame option value in a success case. Under our $70 Brent base case, the theoretical NPV would be around $10/sh. This is on top of the approximate $12-14/ share value we estimate is reasonable for Hess from
Page: HOUSE_OVERSIGHT_014878 →in Germany and is regulated by BaFin. iates in the US (short name: legal name, regulator): Merrill Lynch (Sou South Africa (Pty) Ltd., regulated by The Financial Service Board; MLI (UK): Merrill Lynch International, regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority an Securities and
Page: HOUSE_OVERSIGHT_014885 →0/110% corridor variance Buy NKY Jun17-Jun18 18,500 strike FVA Long Russell 2000 vs. short S&P 500 Dec-18 var spread Buy 1x Jun17 64 call on Aug17 Brent futures, sell 1x SXEP Jun17 330 call Buy SPX 6m ATM call contingent on GLD 5% higher in 3m Long NKY - SPX Dec-18 corridor var replication Buy NDX To
Page: HOUSE_OVERSIGHT_023597 →c) Limite japan): Merri regulated by DIFC): Merril Comisidn Naci FCA and the retail clients LPF&S distributes, or may in Pty) Ltd., regulated by The Financial Service Board; MLI (U Lynch (Australia): d, regulated by th Singapore (MAS); Merrill Lynch CV, Casa de Bolsa, regulated by Financial Supervisory Service; he Secur
Page: HOUSE_OVERSIGHT_023609 →Entities connected to both The Financial Service Board and Brent

United Kingdom
LOCATION
Frankfurt
LOCATION
Merrill Lynch
ORGANIZATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Donald Trump
PERSONMerchant Bank
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATION
the Financial Services Agency
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATION
United States
LOCATION
Seoul
LOCATIONMerrill Lynch International Incorporated
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATIONthe Capital Market Authority
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATION