Peter BriegerDaylight Energy LtdDAY.TOTOP PICKAug 18, 2011
Midsize exploration and production company in Alberta. Just bought 130,000 rights to drill a new level in a deep zone called Duvernay in the Pembina area.
(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.