{"id":5356,"date":"2011-10-11T00:06:15","date_gmt":"2011-10-11T04:06:15","guid":{"rendered":"http:\/\/www.pgm-blog.com\/?p=5356"},"modified":"2011-10-11T00:06:15","modified_gmt":"2011-10-11T04:06:15","slug":"sinopec-to-buy-daylight-energy-ltd-for-cad-2-2-billion","status":"publish","type":"post","link":"https:\/\/www.pgmcapital.com\/nl\/sinopec-to-buy-daylight-energy-ltd-for-cad-2-2-billion\/","title":{"rendered":"Sinopec to buy Daylight Energy Ltd for CAD 2.2 billion"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5357\" title=\"Sinopec-Logo\" src=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2011\/10\/Sinopec-Logo.gif\" alt=\"\" width=\"302\" height=\"64\" \/><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5367 alignright\" title=\"Daylight-Energy Logo\" src=\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2011\/10\/daylight-energy11.png\" alt=\"\" width=\"219\" height=\"97\" \/><\/p>\n<p>Dear <strong>PGM CAPITAL <\/strong>Blog readers,<br \/>\nOn Sunday October 9th 2011, China\u00a0Petrochemical Corp., (NYSE: SNP) the nation\u2019s biggest refiner, agreed to buy\u00a0Daylight Energy Ltd.<br \/>\n(TSX: DAY)\u00a0for C$2.2 billion (US$2.1 billion) in cash, gaining Canadian oil and shale-gas reserves in its largest acquisition this year.<\/p>\n<p><strong>Highlights of the deal:<\/strong><\/p>\n<ul>\n<li>The\u00a0deal\u00a0for Calgary, Alberta-based Daylight is for <strong>C$10.08<\/strong> per share. That is more than double the closing price of Daylight&#8217;s closing price of <strong>C$4.59<\/strong> on Friday\u00a0October 7 2011.<\/li>\n<li>The transaction would mark the latest energy sector deal between China and Canada.<\/li>\n<\/ul>\n<div><a title=\"DAYLIGHT ENERGY LTD. TO BE ACQUIRED BY SINOPEC INTERNATIONAL  PETROLEUM EXPLORATION AND PRODUCTION CORPORATION\" href=\"http:\/\/cnrp.marketwire.com\/cnrp_files\/20111009-1009day.pdf\" target=\"_blank\">Source:<\/a><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear PGM CAPITAL Blog readers, On Sunday October 9th 2011, China\u00a0Petrochemical Corp., (NYSE: SNP) the nation\u2019s biggest refiner, agreed to buy\u00a0Daylight Energy Ltd. (TSX: DAY)\u00a0for C$2.2 billion (US$2.1 billion) in cash, gaining Canadian oil and shale-gas reserves in its largest acquisition this year. Highlights of the deal: The\u00a0deal\u00a0for Calgary, Alberta-based Daylight is for C$10.08 per<a href=\"https:\/\/www.pgmcapital.com\/nl\/sinopec-to-buy-daylight-energy-ltd-for-cad-2-2-billion\/\">[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9,24,10,29,15,1,18],"tags":[],"class_list":["post-5356","post","type-post","status-publish","format-standard","hentry","category-commodities","category-emerging-markets","category-energy","category-eric-panneflek","category-merger-acquisition","category-pgm-capital","category-uncategorized","category-world-economic-outlook"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=5356"}],"version-history":[{"count":0,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5356\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=5356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=5356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=5356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}