Irwin Michael, B.Com, MBADaylight Energy LtdDAY.TOPAST TOP PICKAug 13, 2010
(A Top Pick May 21/10. Down 6.74%.) Excellent management and good balance sheet. $.60 dividend. Should have some interesting news out of the Cardium play. Trading below NAV. Thinks it will become one of the premier E & P companies in Canada.
(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.