Xcite Energy Ltd (XEL)

darkpool

sorry chris i don't believe i have used "RAMPING" before.

so why did XCITES share price collapse a couple of years ago? i agree with cloud dog that the "global financial crisis" had a part to play. but there must have been other factors as well?

sabretoothtigger

It was a non working asset at that time. When money is tight why hold onto something that probably needs even more money. Blue chip companies were at one point having a problem raising money to pay employees.
Who cares about alot of maybes for exploring oil which had dropped to $30 at that point. With tankers full of the stuff in many ports, exploring was not in demand


Same goes for alot of the silver companies and gold, very expensive ventures and if the price drops it doesnt add up. Lucky the price reversed or they'd not be around now.
The factors you know, they dont produce oil. Either xel would get put into hibernation or go broke. Could happen again in theory, they are further down the road now I presume so less prone


Similar deal happened with SKR I think. One of or probably the biggest holder was Lehmans. The administrators released all the shares back a year ago with a depressed price since. Also who cares about potash, again not a working asset just the largest ussr mine for the stuff so potential maybe with BHP trying to take over POT it puts a bit of a highlight on them I think




Companies like this all exist at the whim of the market, they dont produce cash they use it up on promises. If you wanted to thank bidding for such things you could maybe look all the way to our friend Ben.
With the lowest rates ever and cheap money it definitely helps interest in these things


Talk on red rock, apparently they got some rare earth potential no wonder it took off
http://sharecrazy.com/beta/board_talk/4523/board-talk-red-rock-resources

Rollinghome

Shatners_Bassoon wrote: »

darkpool you know nothing and as uptomyeyes has said I think he has a little more experience to talk about the chances of success when he's had 30 years in the industry!

I think he said that he worked for an oil company.

I know three people who work, or have worked, for oil companies. One a secretary for 20 years, another a secretary for 10 years, and another just retired after working as a chartered accountant for an oil major for nearly 40 years. None of them would feel equipped to evaluate the share price of another oil company.

Obviously Uptomyeyes might be in a much better position, perhaps a very senior position, to give an opinion than them. I see from an earlier post that he's managed to pay off his credit card bill which I suppose is a positive sign.

I have no opinion whatsoever on Xcite but learned long ago not to give too much credence to tips whether for shares or for horses from strangers in pubs or on the internet who claim or imply they have some kind of special knowlege. It's a rule that's rewarded me well.

Shatners_Bassoon

Rollinghome all very valid points but no one tells me to invest and I won't buy on a whim or from hearing that things are good from someone in the pub. The main thing here is that there is oil and we need to know the flow rates. I'll let XEL tell me that in the form of an RNS and until then I'm not listening to anyone, however I do favour someone who has 30 years experience with heavy oil in the North Sea over some clueless deramper!

sabretoothtigger

deramper is a crap word :laugh: troll would be more fitting in general . Somehow it comes with the territory, all the gold and silver threads are full of it and a share thats risen so much is going to raise discussion along similar lines

I would refer to the share graph in absence of any better guide. So long as this market is an honest one, all facts and speculation must be reflected in it quite simply.
The price went quite parabolic mid oct, if rockhopper can fall back hard like it did in early summer I imagine similar is possible here regardless of its final destentation.
I would aim for 175 to 160, this is still 123% of the previous 2008 high and would match the general pace to gains for much of this year prior to this latest breakout.
Once its fallen that far it could take off again, I dont know the overall potential but that kind of backstopping is very normal and often helps separate the speculators from the longer term investors.
Its natural for some to cash their chips in and suddenly release alot of liquidity into the share which triggers a run down for no good reason

260 is the target to beat this theory near term

Just kicking myself slightly on GKP. If I had actually looked yesterday it was a great time to buy or even this morning. 4% rise today should be continued if general pace of gains since July continues.

This illustrates the difference from RRL, GKP has pulled back quite negatively from 200p but only 61% to its prior price of 150 so it matches a share still set to gain.
I may take up a small position but not the investment I could have done yesterday, one thing that makes me think it will not shoot up yet is today and this week is very low volume. Volatility and volume peak at turning points, so soros says

http://img403.imageshack.us/img403/7618/keystone.gif


Same pattern appears in July itself. 20th July low price is 65.97 23rd July high 96.24. 61% retracement gives us 77.52 target. 26th July low was 79 and you know the story since, it rose alot. It can always fail but theory supports further rises for gkp, need volume to confirm..

bobbyj_2

I've sold quite a few more today as i'm not happy with another 'sudden drawdown' of cash. These things are often leaked and the price weakness of tuesday even after rns suggests a few are getting to know something. I've still a healthy amount but I need to get to bottom of what exactly is going on out on that rig.

uptomyeyeballs

Simply do your own research, darkpool. If you don't like what you see, don't invest! All the answers to the questions you ask about the 2008 price reduction are on the web if you start looking. Indeed, short it if you are sure it's a duffer! I bought in at 64p, when I personally thought 70% chance of success was a satisfactory risk for the rewards on offer. I have recouped all my original capital and now have no risk at all in Xcite. I'm not greedy. I invest soundly in areas i know a bit about. I don't become emotionally attached to any shares I buy and won't buy a share that has nothing going for it.

On the subject of working for the Norwegian oil company for 30 years - it's all about taking an interest in what your company does. It makes it a lot easier to evaluate opportunities that come along in the same sector. Sure, you can stick a pin in a list and gamble on any old share you like, but you'll likely lose your shirt. I don't work that way.

blinko

bobbyj wrote: »

I've sold quite a few more today as i'm not happy with another 'sudden drawdown' of cash. These things are often leaked and the price weakness of tuesday even after rns suggests a few are getting to know something. I've still a healthy amount but I need to get to bottom of what exactly is going on out on that rig.

i agree that has annoyed me, surely everything was planned before hand costs etc,

although the latest SEDA arrangement is alot cheaper than before

do you actually know someone out on the rig bobbj

also check your PM's regardnig IGindex

GKP took a hit recently but up 5% today but i think thats a longer term play

in BMR another dodgy companuy in my opnion i swear aim companies are run in acrazy fashion, eg we are in agreement with XYZ and we wont release an RNS unless you buy more shares and we can award ourselves ahare options bellrrguuhhhh

BLVN on the move AGAIN, missed the boat there its higher than XEL and GKP now

btw des anyone have any good tips on searching for shares and screening for stocks etc thanks

Jonbvn

bobbyj wrote: »

I've sold quite a few more today as i'm not happy with another 'sudden drawdown' of cash. These things are often leaked and the price weakness of tuesday even after rns suggests a few are getting to know something. I've still a healthy amount but I need to get to bottom of what exactly is going on out on that rig.

Interesting rise into the Friday close at 275p (ish). Any idea why, or is just rumour?

Next week will be interesting. I've de-risked my holding so I am prepared for anything.

Jonbvn

blinko wrote: »

btw des anyone have any good tips on searching for shares and screening for stocks etc thanks

Lots of info on http://www.advfn.com.

There's a good forum thread about ISA'ble small cap oilers and miners, and usually a dedicated thread with info for each stock.

However, beware of the massive amount of ramping and deramping.;)

For XEL, they are even tracking the tanker to be used for the flow test.:eek: