Xcite Energy Ltd (XEL)

uptomyeyeballs

Seriously testing the £4 mark now. We're moving towards the second rig contract date, so probably rising in expectation of that in the short term, then the CPR.

Shatners_Bassoon

So anyone watch the oilbarrel presentation? Great to see CC also say don't sell and that the share potential to double or treble from here.

funscott

this BOD is conservative in everything they say . I am in deep with this share since 117p. this is either going to make me or break me I am sleeping very well at night. cant see them getting to production i think they will get taken out by the big boys. i will accept anything over £11 but hoping for £15

Jonbvn

ffarysam wrote: »

I bought and they are going well today.

How is that possible, since the market is not open until 8AM???

sabretoothtigger

Australian ADR? or its a ramp bot with a link that'd be in his sig normally

chris_m

Not rated by most readers here - just reported as spam.

sabretoothtigger

Still in this? Its very volatile. I read the recent report but not sure

oliversw

I have a gut feeling this will drop further, until then I shall not be putting money into it.

mj12_2

oliversw wrote: »

I have a gut feeling this will drop further, until then I shall not be putting money into it.

agree with you, the run up to production should see a recovery though imo

sabretoothtigger

oliversw wrote: »

I have a gut feeling this will drop further, until then I shall not be putting money into it.

It might drop further but is that justified. Seems they are fair value on what they already have confirmed as reserves ?

Also I read people say the statement was overly conservative in its estimates, hence people are frightened thats all there is when its part of a JORC type process

I swapped some GKP for XEL just on the basis the north sea is alot lower cost to extract or in terms of risk likely a better deal even with higher uk taxes

I'd swap some falkland company over but they are all beat up already