<html><head></head><body><div style="color:#000; background-color:#fff; font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:16px"><div data-block="true" data-editor="akjhb" data-offset-key="bada4-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3569"><div data-offset-key="bada4-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3570"><span data-offset-key="bada4-0-0" id="yui_3_16_0_ym19_1_1470091635312_3571">Big news on oil. </span></div><div data-offset-key="bada4-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3570"><span data-offset-key="bada4-0-0"><br></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="7v3jq-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3576"><div data-offset-key="7v3jq-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3577"><span data-offset-key="7v3jq-0-0" id="yui_3_16_0_ym19_1_1470091635312_3578">Prices fell today under $40/US barrel and experts predict it will go as low as $35/Barrel US. </span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="78pni-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3579"><div data-offset-key="78pni-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3580"><span data-offset-key="78pni-0-0" id="yui_3_16_0_ym19_1_1470091635312_3581"><br data-text="true" id="yui_3_16_0_ym19_1_1470091635312_3582"></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="9o8kc-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3583"><div data-offset-key="9o8kc-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3584"><span data-offset-key="9o8kc-0-0" id="yui_3_16_0_ym19_1_1470091635312_3585"><a href="http://www.cnbc.com/2016/08/01/oil-price-dip-below-40-a-barrel-opens-door-to-35-crude.html" id="yui_3_16_0_ym19_1_1470091635312_3745">http://www.cnbc.com/2016/08/01/oil-price-dip-below-40-a-barrel-opens-door-to-35-crude.html</a></span></div><div id="yui_3_16_0_ym19_1_1470091635312_3584"><br></div></div><div data-block="true" data-editor="akjhb" data-offset-key="d0n2-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3590"><div data-offset-key="d0n2-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3591"><span data-offset-key="d0n2-0-0" id="yui_3_16_0_ym19_1_1470091635312_3592">Look at the losses this quarter: </span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="96n13-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3593"><div data-offset-key="96n13-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3594"><span data-offset-key="96n13-0-0" id="yui_3_16_0_ym19_1_1470091635312_3595"><br data-text="true" id="yui_3_16_0_ym19_1_1470091635312_3596"></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="a76hv-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3597"><div data-offset-key="a76hv-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3598"><span data-offset-key="a76hv-0-0" id="yui_3_16_0_ym19_1_1470091635312_3599">Cheveron lost 2,46 Billion </span></div><div data-offset-key="a76hv-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3598"><span data-offset-key="a76hv-0-0" id="yui_3_16_0_ym19_1_1470091635312_4022"><a href="http://www.economiccalendar.com/2016/08/01/chevron-cvx-posted-third-straight-loss-more-challenges-ahead/" id="yui_3_16_0_ym19_1_1470091635312_3794">http://www.economiccalendar.com/2016/08/01/chevron-cvx-posted-third-straight-loss-more-challenges-ahead/</a></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="dd8j1-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3600"><div data-offset-key="dd8j1-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3601"><span data-offset-key="dd8j1-0-0" id="yui_3_16_0_ym19_1_1470091635312_3602"><br data-text="true" id="yui_3_16_0_ym19_1_1470091635312_3603"></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="h4fo-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3604"><div data-offset-key="h4fo-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3605"><span data-offset-key="h4fo-0-0" id="yui_3_16_0_ym19_1_1470091635312_3606">Enbridge dropped almost 50% </span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="12b1g-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3607"><div data-offset-key="12b1g-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3608"><span data-offset-key="12b1g-0-0" id="yui_3_16_0_ym19_1_1470091635312_3609"><a href="http://www.bnn.ca/enbridge-profit-plunges-nearly-50-hit-by-fort-mcmurray-wildfire-1.534873" id="yui_3_16_0_ym19_1_1470091635312_3840">http://www.bnn.ca/enbridge-profit-plunges-nearly-50-hit-by-fort-mcmurray-wildfire-1.534873</a></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="fbe14-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3610"><div data-offset-key="fbe14-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3611"><span data-offset-key="fbe14-0-0" id="yui_3_16_0_ym19_1_1470091635312_3612"><br data-text="true" id="yui_3_16_0_ym19_1_1470091635312_3613"></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="8v5sd-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3614"><div data-offset-key="8v5sd-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3615"><span data-offset-key="8v5sd-0-0" id="yui_3_16_0_ym19_1_1470091635312_3616">Imperial Oil lost $181 million </span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="eaq1l-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3617"><div data-offset-key="eaq1l-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3618"><span data-offset-key="eaq1l-0-0" id="yui_3_16_0_ym19_1_1470091635312_3619"><a href="http://www.cbc.ca/news/canada/calgary/imperial-oil-alberta-wildfires-q2-2016-loss-1.3700407" id="yui_3_16_0_ym19_1_1470091635312_3875">http://www.cbc.ca/news/canada/calgary/imperial-oil-alberta-wildfires-q2-2016-loss-1.3700407</a></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="fss8r-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3620"><div data-offset-key="fss8r-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3621"><span data-offset-key="fss8r-0-0" id="yui_3_16_0_ym19_1_1470091635312_3622"><br data-text="true" id="yui_3_16_0_ym19_1_1470091635312_3623"></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="9s5vo-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3624"><div data-offset-key="9s5vo-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3625"><span data-offset-key="9s5vo-0-0" id="yui_3_16_0_ym19_1_1470091635312_3626">Exxon dropped 59%</span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="9ueih-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3627"><div data-offset-key="9ueih-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3628"><span data-offset-key="9ueih-0-0" id="yui_3_16_0_ym19_1_1470091635312_3629"><a href="http://money.cnn.com/2016/07/29/investing/exxon-earnings-oil-crash/index.html" id="yui_3_16_0_ym19_1_1470091635312_3920">http://money.cnn.com/2016/07/29/investing/exxon-earnings-oil-crash/index.html</a></span></div><div id="yui_3_16_0_ym19_1_1470091635312_3628"><br></div></div><div data-block="true" data-editor="akjhb" data-offset-key="b9ik-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3634"><div data-offset-key="b9ik-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3635"><span data-offset-key="b9ik-0-0" id="yui_3_16_0_ym19_1_1470091635312_3636">Shell dropped 72% </span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="g2fm-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3637"><div data-offset-key="g2fm-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3638"><span data-offset-key="g2fm-0-0" id="yui_3_16_0_ym19_1_1470091635312_3639"><a href="http://www.thisismoney.co.uk/money/markets/article-3712300/Shell-shares-slide-oil-giant-s-profits-tumble-72-industry-struggles-combat-record-low-energy-prices.html" id="yui_3_16_0_ym19_1_1470091635312_3967">http://www.thisismoney.co.uk/money/markets/article-3712300/Shell-shares-slide-oil-giant-s-profits-tumble-72-industry-struggles-combat-record-low-energy-prices.html</a></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="fnd61-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3640"><div data-offset-key="fnd61-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3641"><span data-offset-key="fnd61-0-0" id="yui_3_16_0_ym19_1_1470091635312_3642"><br data-text="true" id="yui_3_16_0_ym19_1_1470091635312_3643"></span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="6m434-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3644"><div data-offset-key="6m434-0-0" style="position: relative; direction: ltr;" id="yui_3_16_0_ym19_1_1470091635312_3645"><span data-offset-key="6m434-0-0" id="yui_3_16_0_ym19_1_1470091635312_3646">Analyst at Oppenheimer & Co, told Bloomberg TV. "The industry cannot survive on current oil prices."</span></div></div><div data-block="true" data-editor="akjhb" data-offset-key="1ejkt-0-0" style="color: rgb(29, 33, 41); font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 18px; white-space: pre-wrap;" id="yui_3_16_0_ym19_1_1470091635312_3651"><div data-offset-key="1ejkt-0-0" style="position: relative; direction: ltr;" dir="ltr" id="yui_3_16_0_ym19_1_1470091635312_3652"><span data-offset-key="1ejkt-0-0" id="yui_3_16_0_ym19_1_1470091635312_3653"><a href="http://www.business-standard.com/article/international/nowhere-to-hide-from-doomsday-market-oil-giants-find-116073000861_1.html" id="yui_3_16_0_ym19_1_1470091635312_3966">http://www.business-standard.com/article/international/nowhere-to-hide-from-doomsday-market-oil-giants-find-116073000861_1.html</a></span></div><div data-offset-key="1ejkt-0-0" style="position: relative; direction: ltr;" dir="ltr" id="yui_3_16_0_ym19_1_1470091635312_3652"><br></div><div data-offset-key="1ejkt-0-0" style="position: relative; direction: ltr;" dir="ltr" id="yui_3_16_0_ym19_1_1470091635312_3652">Lulu </div></div></div></body></html>