Daylight Energy Ltd (DAY.TO)

BUY
Convertible Debentures. Really likes this income trust and convertible debentures on it would be a good way to play.
BUY
(Market Call Minute.) Ranks 152 so it's OK. Good for a short-term trade.
WAIT
Good company and feels the yield is good. Would wait until the new budget comes out to see if there is a change on trusts.
HOLD
In the OK category. Wouldn't Buy but if you have it continue to Hold. Has done a really good job of cleaning things up. Smaller trust and not considered to be a better operated trust.
HOLD
Had experienced some difficulties with their mergers. Hasn't been an issue recently and thinks they are finally through that. Feels people will be positively surprised at their production over the next couple of quarters. 14.5% yield.
BUY
Just acquired Athlone Energy (ATH-X), which increased gas and oil production significantly. Trading at 6X forward earnings. Yield of about 15%.
BUY
15.25% yield. Thinks distribution is safe. Good entry point.
DON'T BUY
(Market Call Minute.) Not a particularly good record of meeting guidance.
HOLD
Gas weighted. Acquired Sequoia in 2006 and management has done a very good job in re-positioning.
BUY
Has gone through a good transformation. New management team is focused on a sustainable business model. Very low payout ratio.
HOLD
Great trust to own. He expects a further increase in distributions. They are very conservative with their cash. Possible takeover by Barrick (ABX-T).
TOP PICK
Trading at 4 times cash flow, a lot less than the average, plus 12% yield. Uses multi-stage Fracs. Have drilled two wells, have 25 follow up locations. It’ll keep going up.
SELL
(Market Call Minute.) Small. Balance sheet problems. Going nowhere.
COMMENT
A growthy trust. His preference is Crescent Point Energy (CPG.UN-T).
TOP PICK
Weighted to natural gas. Pays about 12% and he thinks their distributions are absolutely safe. Strong management.
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