Yep, FEN's 8.25% premium looked to be way overvalued. You were right.
Looks like FEI got caught up in the FEN price drop late this afternoon. FEI and FEN both ran up too high too quick. SPO and corrections now in place.
With the first of the month facing us tomorrow, lets see whether today was just the harbinger of the "sell in May and go away" mantra.