Prakash HariharanDaylight Energy LtdDAY.TOWAITMar 09, 2011
They need to get their act together in terms of production profile and they need to get their credit situation in better shape. He would hold off for a bit before buying. Prefers gas companies that are more exploratory in nature.
(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.