Peter BriegerDaylight Energy LtdDAY.TOTOP PICKJun 16, 2009
Essentially operate in central and west central Alberta with about 24,000 barrels a day of production. We'll continue to make tuck in acquisitions. Hedged a lot of this year's production so are not at risk of any price deterioration. In good shape with tax pools.
(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.