Xcite Energy Ltd (XEL)

darkpool

i just had a look at the xcite share price - 125 pence. i thought this share was going to over ten pound a share?

lvader

It might well do yet, lots of oilies well down at the moment.

TDM850

Also interesting to note that CFO Richard Cole has been snapping up shares over the past few months. See XEL data page here, or go to http://www.tradersown.co.uk/quotes.html

amictus

I know I'm a bit late, but I am trying to find out a bit more about XEL. At the current share price, I'm certainly interested.

There was a news release last week...

http://www.xcite-energy.com/news%5CXEL%20PR%20SEDA%20Incr%20+%20Ops%20update%20Oct11.pdf

I thought one of the major things holding the share price low was the uncertainty over funding, yet when they announced a 50% increase there was no more than a very short-lived spike in share price. Can anyone explain why this is? What are investors waiting for?


Thanks!

uptomyeyeballs

There are lots of uncertainties with stocks at the moment. Threat of a global recession, the Greek/Italian threat to the Euro etc., are keeping people out. It's also an AIM stock, so price is completely at the mercy of Market Makers. Not many stocks beat the overall sentiment of the markets. XEL are no different.

sabretoothtigger

Its not until they actually producing large amounts of cash that the share price is forced to move up, before then its all speculation. Small oil is not popular right now, look for the oil price to move up 10% from here and that should break the deadlock

amictus

uptomyeyeballs wrote: »

There are lots of uncertainties with stocks at the moment. Threat of a global recession, the Greek/Italian threat to the Euro etc., are keeping people out. It's also an AIM stock, so price is completely at the mercy of Market Makers. Not many stocks beat the overall sentiment of the markets. XEL are no different.

sabretoothtigger wrote: »

Its not until they actually producing large amounts of cash that the share price is forced to move up, before then its all speculation. Small oil is not popular right now, look for the oil price to move up 10% from here and that should break the deadlock

Thanks for the comments guys.

sabretoothtigger

This has been doing well recently. I bought some sub hundred and considered selling it but really its only recovered some and volume has been good.
Would like over 150 to take any profits, seems fair but it might falter here depending on the market.
178 would be ideal for the moment, Im not sure if they are still capable of continuing to double ? but that'd be enough to make me take profits



http://i.imgur.com/Vc9S0.gif

http://i.imgur.com/xU1Xj.gif

lvader

XEL is currently my largest holding, average is about 90p so I'm already well up. I might sell half at about 150p to de-risk but I think the share is easily worth at least £2.50.

lvader

XEL up 27% to 163p today. :beer: