Mason GrangerDaylight Energy LtdDAY.TOTOP PICKSep 24, 2009
Becoming increasingly positive on gas. Struggled a little with leverage over the last couple of years but have assembled an excellent land base in western Alberta and are chasing some pretty large gas targets that will give them a substantial drilling inventory. Some pretty good hedging. Acquiring Highpine (HPX-T) giving them a cash flow generating, oil weighted asset.
(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.