Xcite Energy Ltd (XEL)

Shatners_Bassoon

Why is it cheeky mate? Companies need money and as far as I can see it's very postive. They raised 6-7 million for development of the factory and why would they do that if they didn't believe the acqusition would go ahead? These were at 3.5p and cannot be exercised until 9p, now that is a damn good sign that it will go above the 9p mark isn't it? Read the RNS again and tell me how it's not good news?

blinko

yeah i know, but they blatently hide bad news in between goodnews, im invested in them and i do think they will come good despite the 17m trade but its just annoying same thing ahppended over at VOG

darkpool

XCITE BEEN DOWNGRADED!!!!!!!!!!

Just picked this up from the Financial Times website - I thought you might be interested. Are Arbuthnot not the house brokers? When a companies house broker says "neutral" do they not really mean "SELLLLLLLLL"?

Xcite Energy gained 7.5 per cent to 280p on news that it had provisionally secured a rig to drill its Bentley prospect in the North Sea. “Whilst this is a positive announcement, investors need to be aware that the imminent flow test is crucial to the potential progression of the Bentley field,” said Arbuthnot analyst Dougie Youngson, who downgraded the stock to “neutral”.

blinko

darkpool wrote: »

XCITE BEEN DOWNGRADED!!!!!!!!!!

Just picked this up from the Financial Times website - I thought you might be interested. Are Arbuthnot not the house brokers? When a companies house broker says "neutral" do they not really mean "SELLLLLLLLL"?

Xcite Energy gained 7.5 per cent to 280p on news that it had provisionally secured a rig to drill its Bentley prospect in the North Sea. “Whilst this is a positive announcement, investors need to be aware that the imminent flow test is crucial to the potential progression of the Bentley field,” said Arbuthnot analyst Dougie Youngson, who downgraded the stock to “neutral”.

what would they need a rig for >??

its reched the stage now where its all upto the flow test results positive and its +50% negative and its -50%

he isnt saying sell he is saying we have reached our target price and we will give you a new rating once we have the test results which again will probably be either buy or cell

the only thing i dont like is the city seems to be betting against this one and the city never loses !

Shatners_Bassoon

darkpool is clearly a deramper mate, he's reciting utter !!!!! from the clueless FT.

They have secured a rig to drill Bentley? !!!!!!? Are they serious? They don't mention that the FSP rig is exactly that it's a "First Stage Production" rig, note the word "Production" and Bentley WILL be commercial, expect flow rates of 1500 bopd or thereabouts.

Blinko the SP has been held back in the last few days by ignis selling, come on if you were a fund manager and had seen a 100% increase would it not be sensible to top-slice and then leave some in for the free ride? If you had any doubt about the flow rate whatsoever then it would be the safest move. Ignis offloading has held this back and once those sells have finished there will be an upswing. People at times like this get nervy, it happened during the Sealion flow testing and people were all over the place!

Good luck all, hold onto those golden tickets, the management at XEL are top notch and this is why the like of BP are involved with this too!

blinko

Shatners_Bassoon wrote: »

darkpool is clearly a deramper mate, he's reciting utter !!!!! from the clueless FT.

They have secured a rig to drill Bentley? !!!!!!? Are they serious? They don't mention that the FSP rig is exactly that it's a "First Stage Production" rig, note the word "Production" and Bentley WILL be commercial, expect flow rates of 1500 bopd or thereabouts.

Blinko the SP has been held back in the last few days by ignis selling, come on if you were a fund manager and had seen a 100% increase would it not be sensible to top-slice and then leave some in for the free ride? If you had any doubt about the flow rate whatsoever then it would be the safest move. Ignis offloading has held this back and once those sells have finished there will be an upswing. People at times like this get nervy, it happened during the Sealion flow testing and people were all over the place!

Good luck all, hold onto those golden tickets, the management at XEL are top notch and this is why the like of BP are involved with this too!

I dont think he is a re-ramper i just dont think he has all the relevant information, you cant really cite broker notes from 6 - 12 months ago especially for oil companies

RKH being a prime example no one thought there was oil in the falklands

I know its getting silly out there now, emotions are entering the play and it makes it more risky for everyone because we aren't exchanging knowledge thankfully XEL have been releasing a good flow of RNS so we are kept in the loop

but 23rd I believe unofficialy they are going to perform the test and i think the only indicator we will have of the results will be volume and buys/sells

chris_m

Shatners_Bassoon wrote: »

darkpool is clearly a deramper mate,

Hehe, so it's not just my suspicious nature

Ignis offloading has held this back and once those sells have finished there will be an upswing. People at times like this get nervy, it happened during the Sealion flow testing and people were all over the place!

Also, bear in mind that sellers can only sell if there are buyers - if need be they have to drop their price to get buyers interested. That is what I suspect has been happening.

There certainly will be people selling to keep the gains they've made, it's only wise - I've done it twice myself when the SP gain hit my target, but I'm back in again now. Yes, I'd have made more if I hadn't, but at least I've kept what I gained - so I can lose it elsewhere :rotfl::rotfl:

Jonbvn

Shatners_Bassoon wrote: »

Blinko the SP has been held back in the last few days by ignis selling, come on if you were a fund manager and had seen a 100% increase would it not be sensible to top-slice and then leave some in for the free ride?

Remember that the rules for most funds do not allow for more than 10% of the fund value to be held in one stock. The rise in XEL has basically forced Ignis to sell some XEL stock to ensure they comply with this requirement.

blinko

Jonbvn wrote: »

Remember that the rules for most funds do not allow for more than 10% of the fund value to be held in one stock. The rise in XEL has basically forced Ignis to sell some XEL stock to ensure they comply with this requirement.

but we dont know the reasons for there selling, we also dont know the fund it relates to

I think its a de-risk more than anything, i think they will sell half there holding and leave the rest in there for the test results which is really and truly the prudent thing to do

it doesnt seem to have any other affect on the share price and at the moment that is the only negative news we have

darkpool

XCITE report massively increased LOSSES!!!!!!

sorry lads I know you don't seem to like the Financial Times, but I do. I thought the readers in this post might be interested in the fact that XCITE have reported increased losses.

regarding the advice from XCITE's house broker. It was published last week, not last year.

I'd like to make clear the FT are reporting facts, not their opinion.

No, I'm not a deramper. I've never sold short in my life.