Kevin Hall BComm, CFADaylight Energy LtdDAY.TOSELLDec 04, 2007
One of the more quality oil/gas trusts. Cut their distribution early this year. Probably trades at a healthy discount to its NAV but is probably cheap for a reason. Wouldn't count on too much of a premium if it gets taken out. Would move on to a better trust.
(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.