John StephensonDaylight Energy LtdDAY.TOBUYSep 28, 2009
Acquiring Highpine (HPX-T), which is generally perceived as a good move as it gives them light oil. Solid management, which has hedged when it should and is defensive. 11.3% distribution.
(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.