Daylight Energy Ltd (DAY.TO)

BUY ON WEAKNESS
Very strong asset base. Unconventional gas. Under performed relative to some of its peers but he likes.
HOLD
(Market Call Minute.) Gassy. Recovered a little. Decent yield.
PAST TOP PICK
(A Top Pick May 21/10. Up 4.19%.) Still likes.
BUY
Roughly 50/50 oil and natural gas. Confident the distribution of $.60 a year will be maintained.
TOP PICK
Have amassed a resource portfolio that allows the company to decide if they want to overweight oil or gas. Currently at about 55% gas. In 3 really strong resource plays. Looking for $11-$12 range. 6% yield.
BUY
Has been buying some. 50/50 Gas/Oil. Quiet on the news front and thinks there will be some announcements soon. Pretty good time to get into this one.
BUY
Likes what they're doing and thinks they will recover.
PAST TOP PICK
(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
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.
BUY
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)
COMMENT
Likes their growth prospects but in a $70 oil price environment balance sheet at the end of 2011 will look a little stretched. In an $80 price environment (which he subscribes to), debt to cash flow in 2011 is more comfortable.
TOP PICK
About 52% natural gas and 48% oil. Building up their land positions in their key operating areas. Have done a deal with Gear (?) Tom Wray the founder of Peyto (PEY.UN-T) so going forward it should be a very exciting company.
BUY
About 55% oil and 45% natural gas. Converted to a common stock and reduced distributions. Highpine and West Energy were good acquisitions. Good growth prospects.
BUY
At this price range, you are getting a very competitive distribution. He is forecasting a strengthening in gas prices over the next 6-12 months and the stock should perform fairly well. Has some exposure to Cardium oil.
PAST TOP PICK
(Top Pick Jun 16/09, Up 41% Total) and it is a top pick tonight. First class dividend of about 6%, safe going forward. Major Alberta producer. Just completed acquisition and production will be up next year.
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