BofA Securities does and seeks to do business with issuers covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Refer to important disclosures on page 18 to 20. 12639799 High Yield Energy Relative Value Weekly High Yield Energy Relative Value We provide pricing as of December 28th, 2023, and comparable company data for the individual bonds and loans of each issuer within the ICE BofA US High Yield Energy Index. This document provides current price, yield and spread levels, total return and price change (1 week, QTD, and YTD) for each issue in the ICE BofA US HY Energy Index. Exhibit 1: US High Yield Energy Subsector & Ratings Performance HY Energy performed in-line with the market this week, both returning 0.5%. ICE BofA US Avg. $ Current Levels HY MV HY FV % Total Return HY Sector Indices Value STW YTW Weight Weight YTD QTD WTD US HY Energy $98.3 299 7.1% 12.1% 11.4% 12.8% 5.2% 0.5% US HY Master II $92.9 360 7.6% 13.5% 7.1% 0.5% 5yr US Treasury $102.3 n.a. 3.9% 3.7% 4.4% 0.2% 10yr US Treasury $105.4 n.a. 3.8% 3.2% 6.9% 0.4% 30yr US Treasury $113.2 n.a. 4.0% 2.2% 13.3% 0.8% ICE BofA US HY Energy Subsector Indices E&P $99.7 280 7.0% 4.2% 3.9% 12.3% 4.6% 0.4% Midstream & Distribution $97.5 277 6.9% 4.9% 4.7% 12.9% 6.3% 0.5% Oilfield Services $98.2 438 8.5% 1.8% 1.7% 14.9% 3.2% 0.6% Refining $97.4 256 6.7% 1.2% 1.1% 12.3% 5.4% 0.3% ICE BofA US HY by Rating Cash Pay - BBB $93.8 132 5.4% n.a. n.a. 9.7% 8.4% 0.6% Cash Pay - BB $95.4 232 6.3% 48% 47% 11.5% 7.4% 0.4% Cash Pay - B $94.2 368 7.7% 40% 40% 14.0% 6.8% 0.5% Cash Pay - C $80.0 850 12.6% 11% 13% 20.0% 6.6% 0.8% Energy - BBB $97.0 147 5.5% n.a. n.a. 10.4% 8.6% 0.6% Energy - BB $97.9 265 6.7% 8% 7% 11.8% 5.9% 0.6% Energy - B $99.6 344 7.7% 4.0% 3.7% 13.7% 4.1% 0.3% Energy - C $95.3 463 9.0% 0.6% 0.6% 19.8% 3.3% 0.5% E&P - BBB $97.4 156 5.6% n.a. n.a. 10.6% 7.4% 0.6% E&P - BB $100.1 243 6.5% 2.8% 2.6% 10.9% 5.3% 0.4% E&P - B $98.9 348 7.7% 1.5% 1.4% 14.0% 3.5% 0.3% E&P - C $0.0 -- 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Midstream & Dist. - BBB $97.3 149 5.6% n.a. n.a. 10.2% 8.5% 0.6% Midstream & Dist. - BB $97.1 266 6.7% 4.0% 3.8% 12.1% 6.5% 0.7% Midstream & Dist. - B $99.5 318 7.6% 0.8% 0.7% 15.3% 5.3% -0.1% Midstream & Dist. - C $96.3 425 8.7% 0.1% 0.1% 25.8% 6.4% 0.2% Oilfield Services - BBB $97.4 126 5.3% n.a. n.a. 13.1% 11.6% 1.0% Oilfield Services - BB $88.2 842 12.4% 0.1% 0.2% 9.7% -3.9% 1.4% Oilfield Services - B $100.9 373 7.8% 1.3% 1.2% 13.2% 4.3% 0.5% Oilfield Services - C $94.2 487 9.2% 0.4% 0.4% 20.3% 2.6% 0.6% Refining - BBB $94.0 133 5.4% n.a. n.a. 0.0% 0.0% 0.0% Refining - BB $96.2 2...
