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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Salt'n'Peppa who wrote (158354)10/9/2011 6:01:03 PM
From: kidl  Read Replies (2) | Respond to of 206084
 
I don't think the DAY deal has any chance to fly.



To: Salt'n'Peppa who wrote (158354)10/9/2011 6:19:36 PM
From: edward miller6 Recommendations  Read Replies (2) | Respond to of 206084
 
I have "no dog in this fight", but something is rotten here.

You know that someone has known in the last two months that
a buyout was in the works. It is always that way with insiders.
This really looks like a big money raid to scare people out of
their stock before anything is made public.

And the SEC will ..... (drumroll) - do nothing.



To: Salt'n'Peppa who wrote (158354)10/10/2011 1:49:01 PM
From: teevee1 Recommendation  Respond to of 206084
 
you mean the hedge funds that shorted Daylight, taking the share price down, and are now buried alive:-) ?



To: Salt'n'Peppa who wrote (158354)10/11/2011 11:53:55 AM
From: teevee  Respond to of 206084
 
Allow me to explain how I suspect this Canadian banking scheme works:

1)Daylight balance sheet gets stretched
2)investment bankster arm of Daylight's lender(s) short the stock, cutting share price in half or more
3)Daylight's bankster threatens cutting line of credit, but offers a bought deal financing, now at half of recent prices
4)shareholder's get screwed and banksters cover short position with bought deal plus the fees!!!!

The sad part is this sort of financial extortion and licence to steal appears to be legal. Luckily for Daylight shareholders, this might be one of the few times that the banksters get caught off side. If it was a bigger deal, no doubt they would whisper in a bank director's ear that is also a senator, to put pressure on the Federal gov't to not allow the transaction.



To: Salt'n'Peppa who wrote (158354)10/11/2011 1:00:35 PM
From: raybiese1 Recommendation  Read Replies (3) | Respond to of 206084
 
the people who "abandoned ship" and sold ~20 million shares of DAY.TO over the past week...will be crying in their beer
Doubt it.... but I suppose it is possible that some hedgie blew up and was liquidating since July. Only 212 million shares outstanding so your 20 million shares is 10% of the entire float. Cdn exchanges were closed yesterday for Thanksgiving. If someone was >11% short on Sept 30, they should have ended up on this list: tmx.com

To my eye, the chart pattern was strong selling on down days with little or no rebound on up days with a triple waterfall decline since August. IMHO, the selloff was simply not warranted.
vcall.com

So unwarranted that I couldn't resist: Message 27679239

I have held DAY for years (when a trust) and really liked the management, beautiful massive unbooked resources and, most of all, management respect for shareholders. From zero to $2 billion & >40 kboe/d in 11 years. >15 years of drilling potential at 5%-10% production growth/yr with a switch of focus 2-ish years ago to horizontal light oil & liquids rich gas.

Smart, hard working management creating value in the company. Always worked within a sustainable distribution (or dividend)+capex total. Always a healthy, respectable dividend plus a significant growth upside. Prudent use of long-term debt. Prudent dilution (e.g. DRIPs not placements). Just the sort of company an INVESTOR might buy and hold. Hard to find these.

So... am I pissed despite the "premium" I got? Yes. Some dentally enhanced HFT sociopath destroyed a company. Who can celebrate this other than the Mammon minions of bay street?

Anybody know of other INVESTOR oriented, well managed companies out there in the Cdn oil patch with extensive, high-quality, oil oriented, tight sand Pembina/Cardium land that hasn't been booked yet?

Ray