Results for “O00 Merrill Lynch Securities”

BofA Merrill Lynch Global Research Source: BofA Merrill Lynch Global Research estimates

regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Canada Inc

Ltd. regulated by the Financial Services Agency; Merrill Lynch (Seoul): Merrill Lynch International

regulated by the Capital Markets Board of Turkey; Merrill Lynch (Turkey Broker}: Merrill Lynch Menkul

regulated by the Capital Markets Board of Turkey; Merrill Lynch (DIFC): Merrill Lynch Intemational (DIFC Branch)

regulator): Merrill Lynch (South Africa): Merrill Lynch

regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch

regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch

regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana

without the express written consent of BofA Merrill Lynch. BofA Merrill Lynch Global Research reports are distributed

Table 1: Notional multi-phase development at Guyana: about $22/sh to Hess Gross Barrels Full Project NPV Hess 30% Interest NPV net to (mmboe) $MM NPV Hess (mmboe) $mm $mm $/sh Liza Early Production System 425 4258 1,277 $3.9 Phase 1 600 4,932 1,480 $4.6 Phase 2 600 3,821 1,146 $...

We estimate that it is in 3yly, 2y2y and 2y1ly that the selloff would be largest (75-85bp — see Table 5) were the OIS curve to align with the median dots up to end of 2019. Options are attractive to position for a selloff in those forwards for two main reasons: 1. Volatilities...

Chart 16: SAN, BNP, ING, ISP and DBK average 6M ATMf implied vol is Chart 17: Despite the recent drop in realized correlation, implied trading historically low (13" percentile since 2008) correlation is priced near the high end of the reaiised range for the basket of EU banks...

From: Ens, Amanda_____________________________ Sent: 12/9/2016 4:03:45 PM To: jeffrey E. [[email protected]]; Richard Kah ___________________________________ Subject: RE: Financials: buy XLF call spreads Attachments: image001.png Importance: High Thank you Jeffrey. Notional i...

The combination of these factors suggest Japanese equities have further to run. We also see the position as being complementary to our EM position since whereas a stronger USD is a drag on EM performance, it is beneficial for the NKY position. Chart 31: Japan equities have outpe...