Glenn MacNeill, P.Eng.Daylight Energy LtdDAY.TOTOP PICKNov 06, 2009
Combination of income and growth. On the negative side it is about 70% gas so vulnerable to a distribution cut early next year. Likes what it has done in accretive acquisitions that will add a lot of value. Excellent group of drilling prospects. Some great land purchases and gradually changing to 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.