Jaime CarrascoDaylight Energy LtdDAY.TOTOP PICKOct 29, 2009
Overweight to natural gas and he feels natural gas is a pretty safe harbour now. Some good properties and are continuing to increase production. Acquired another trust that gives them 30% weighting in oil. Thinks 10.7% yield is sustainable.
(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.