Xcite Energy Ltd (XEL)

darkpool

£1.46, i type of feel sorry for people that got caught up in the hype

blinko

i am one of them bought in and out along the way and then made a big purchase at 3.60 and got caught in the RAR and bailed at 290 20% OUCH. shoulve sold when teh directors had sold

flashnazia

What's pushing it down?

blinko

market conditions, oil price, its a bit of a one trick pony, north sea tax issues, sellers, takeyour pick


im sitting on a 30% loss on petroneft as they missed there daily target by about 500 bbls bludy hell about the only good news is the director bought £111,300 recently its tough out there at the moment, shorting seems to be the only thing making me money

waveneygnome

Its not just XEL.........look at many of the other AIM oilers.....Range Resources off from 25p high to 17p.......Cadagon 50p to 40p.......

Agreed though that XEL issued a badly worded RAR that precipitated the fall from grace.

I know people who bought XEL at 50p and sold out at £1.80...only for it then to race up to £4+....they were kicking themselves.

I bought at 1.90 +1.95 + 2.00 but sold out at £3.20 - not though good judgement....I needed the money to pay for (unexpectedly) a new central heating sytem round me ma's.

I do feel for anyone with big losses though. If I had spare cash now.....I would still be tempted to start drip feeding money into XEL.

sabretoothtigger

flashnazia wrote: »

What's pushing it down?

Why down, its more a case of no longer being pushed up. Its natural for people to take profits




The over cautious RAR served a purpose which is to satisfy lenders of the asset quality and low risk to the whole venture.

If the company gains cheap funding its overall costs of production lower and increase the base case for the company even more and in the long run, profits

The ironic thing is the share price may decline as the company increases in value.
I think this a natural cycle in small companys as future prospects become more boring realitys



Oil is back to prices of last Nov, not a great fall but quite sharp

flashnazia

flashnazia wrote: »

I'm new to this but could anybody shed some light on why they might think some directors are selling?

Traded Action Notifier PriceAmountValue
23-Dec-10 Sell Rupert Cole 383.70p 1,101,666 £4,227,092.32
23-Dec-10 Sell Stephen A. Kew 383.70p 1,101,666 £4,227,092.32
23-Dec-10 Sell Richard Smith 383.70p 1,101,666 £4,227,092.32

I knew I should have paid heed to this! ^^^

Doh! I think I bought in at £3 ish thinking it would go to £6.

neilsedaka

flashnazia wrote: »

I think I bought in at £3 ish thinking it would go to £6.

It's very likely to go to £6. The fundamentals have improved. Just a matter of time. Patience is needed.

blinko

waveneygnome wrote: »

Its not just XEL.........look at many of the other AIM oilers.....Range Resources off from 25p high to 17p.......Cadagon 50p to 40p.......

Agreed though that XEL issued a badly worded RAR that precipitated the fall from grace.

I know people who bought XEL at 50p and sold out at £1.80...only for it then to race up to £4+....they were kicking themselves.

I bought at 1.90 +1.95 + 2.00 but sold out at £3.20 - not though good judgement....I needed the money to pay for (unexpectedly) a new central heating sytem round me ma's.

I do feel for anyone with big losses though. If I had spare cash now.....I would still be tempted to start drip feeding money into XEL.

you actually timed it very well, you got in just after the placing reducing the risk of further placing.

you caught a large chunk of the gains and sold off just before the flow tests (which no one really had any idea if they were going to be positive etc)

In future i never wait for drill results, the chances of it going wrong are enormous and going right slim !

well done

waveneygnome

Right, thats it.

I am now past tempted and will start drip feeding money into XEL from tomorrow.

(Money where mouth is)