John StephensonDaylight Energy LtdDAY.TOBUYMar 06, 2009
Maybe not the strongest Buy in the space but it is a Buy. Hedged 43% of its oil and 42% of its gas production in 09 at very favourable prices of $8 Cdn for gas and $100 Cdn oil.
(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.