John StephensonDaylight Energy LtdDAY.TOBUYJul 23, 2010
Likes the name. Screens very well on all the metrics and tends to be one of the cheaper trusts. Reasonably solid balance sheet. His preference is Baytex (BTE.UN-T) and Arc Energy (AET.UN-T)
(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.