RE: RE: RE: Interesting trading strategy using thi The opposite trade was there late in December when PBN was $3 more than PBG.
It's now less than $1 difference.
The trade that guy is suggesting is like driving down the street guided by your rear view mirror .. : ))
Sooner or later PBG will be significantly higher than PBN because of asset differential .. IMO
And their PBN ownership.
PBG book vale is probably close to $40/share ... PBN close to $19,
PBG is dead money until they prove out their production of reserves.
PBN pays a nice dividend and book vale will increase with proven reserves. Every year ....
The only pair trade I'd use is short oil when it's over $103 and hold tight with PBN and PBG.