Peter BriegerDaylight Energy LtdDAY.TOTOP PICKJul 14, 2010
About 52% natural gas and 48% oil. Building up their land positions in their key operating areas. Have done a deal with Gear (?) Tom Wray the founder of Peyto (PEY.UN-T) so going forward it should be a very exciting company.
(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.