Michael SprungDaylight Energy LtdDAY.TOBUYAug 23, 2011
Another good example of a good oil and gas company that has come down in value. Yield over 9%. Good properties, in the cardium. Payout relatively secure. Good line of properties to drill. Over last year or two he has been watching it and it getting to a point where he is very close to buying it himself.
(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.