Peter BriegerDaylight Energy LtdDAY.TOTOP PICKAug 12, 2010
Focused in 3 major areas in Alberta. Great land positions. Still acquiring land contiguous to their positions in Elmworth and Central, which will make drilling much more efficient. Do a great business in natural gas liquids. Have 1300-1400 potential drilling sites. 6.7% yield should be safe.
(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.