RE:RE:Relative values OBE vs YGR Always love your comments. I agree that it is not a fair pair trade if you prefer cake at the end of the year or if debt is a concern. First of all I was almost all OBE at Jan 1. I would never go below 70% OBE because I have a very optimistic view of their future for OBE. However I see an 80-100% increase from here for OBE by year end and for YGR more likely 150-200%. I could be wrong which is why I would never go whole hog.
One thing that may be different between us is I am completely unconcerned with higher debt levels because ultimately at these prices debt means more leverage. I I'll give it a try and we can revisit in a few months.