I've sold all my NE except for some option positions, and used some of the proceeds to buy ESV. I think ESV will suddenly catch on, and at this point I would bet that ESV has more of a chance of 2 points of upside than NE does. ESV may not work today or tomorrow, but if the market holds up I think we get a day out of nowhere with ESV hitting 60+. Good luck PG, ♥ Chute
Yeah chute I agree. I see NE trending back down to the 38 range over the next few weeks. ESV should hit 60 at some point in the next month or two, especially if they announce anything related to the buyback, and with the dividend upcoming. I really don't see major differences between the two companies and I think it makes sense to play them off one another, keeping a set amount of cash devoted to the two collectively and selling one / buying the other as they peak and dip.