Michael DecterDaylight Energy LtdDAY.TOHOLDMar 08, 2010
Have a good position in a couple of the big plays and they are acquiring West Energy (WTL-T), which adds to this. They will be cutting their distributions, which he believes is already built into the price. They have been pretty gassy and it may take another year to work this off.
(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.