Peter BriegerDaylight Energy LtdDAY.TOTOP PICKJul 20, 2011
(A Top Pick July 14/10. Up 15.17%.) Natural gas oriented. Hit a big well in the Montney area, producing ample liquids along with natural gas. Have 160 drilling locations here. Expected to produce 8000 BOE's a day over and above current 40,000 in 18 months. Target of $13.
(Top Pick Jan 27/11, Up 7.62%) was taken out by a Chinese company. Didn’t predict it but clearly it was the smallest of the group. There will be more of a trend of this happening.
Being acquired by Sinopec International. He has tendered his holdings. When is a bid on the table and not likely to have counter bid, take the money and run.
Stock shot up when Sinopec Int made an offer to purchase at $10.08. If you own, he would suggest you take your money and run. There are still some regulatory hurdles.