Michael Simpson, CFADaylight Energy LtdDAY.TOCOMMENTJul 04, 2007
Natural gas. Has a history of not meeting its production. New management team is very qualified. Debt levels are a bit above average. Have reduced their payout ratio. Wants to check out their asset base before considering.
(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.