Xcite Energy Ltd (XEL)

blinko

onoly thing i would add is if the RNS is true try and take some profits, look at DES for an example of how it can go so badly wrong eekkk

im missing the boat on this one, shoudlve taken profits from GCM

im currently in CEY who have a RNS 3rd and AGM 9th Nov so hopefully this will bear fruit

good luck on this one,

Jonbvn

blinko wrote: »

im currently in CEY who have a RNS 3rd and AGM 9th Nov so hopefully this will bear fruit

Personally, I think MML and OMI may have more upside than CEY (considering only smaller gold miners).

I've done nicely out of both recently.

Jonbvn

bobbyj wrote: »

I'd have thought XEL could turn out to be the stock of 2010, now talk of a very very large commercial find. The drums are beating.

Being a pedant, the find was already confirmed. However, the commercial value of the find/well has increased during drilling. Reading between the lines of today's RNS (3rd quarter results), it seems to me that the CEO is extremely bullish.

One of the upside's to this stock is that it can be held in an ISA.

spike87

Well after reading some utter bullsh*t on here, I am very glad I didn't follow tips and plough into DES.

blinko

spike87 wrote: »

Well after reading some utter bullsh*t on here, I am very glad I didn't follow tips and plough into DES.

DES was a good stock same with RKH just as long as you wre sensible with gains,

AIM is crazy sometimes and usually if i hit 30 - 50% i take money out, its amazingly easy to lose money ou there

sorry if you got burnt on those 2

shaun_from_Africa

Well after reading some utter bullsh*t on here, I am very glad I didn't follow tips and plough into DES

Well, if following the "utter bullsh*t" posted on here can give me another clear profit of £6500, I will be happy to follow it every time.
It could have been far more but I missed out selling at their peak and only managed to offload them at £1.10, but as I only paid 69p per share (16,000 shares) I am still more than happy.

I made sure that I didn't make the same mistake with XEL and RKH. I've sold enough of both to get back my original investment + a reasonable profit, so the shares I have left are all "freebies".

It's as blinko stated. All shares carry a risk, but AIM shares (especially oil and gas companies) can be extremely volatile and you have to keep a very careful eye on them and be ready to sell at a moments notice.

blinko

AGREED

the main thing i think here is once you are hitting 25+% return you should start looking to take profit

again its never that simple but its so easy for things to go wrong look at
DES
sterling energy
PELE
RKH

im in GCM which is slowly drifting from 30 to 15% return, and im not sure what to do
ive missed out on GKP, SXX, XEL

cause my funds are tied up

and well done shaun

wahts your next punt

funscott

I too am in xel (small holding) if it all goes wrong not the end of the world. if it goes right then im laughing with a few k in my back pocket. my next punt will be FML. holding until end of feb

waveneygnome

Excuse me butting in, I was just intregued by this (& other) oil stocks.
I only hold 'normal' stuff, but am tempted to dabble.

Is there much uplift left in XEL?

Has anyone any views on RRL?

funscott

xel sitting at 180. early brokers suggest they are currently worth 247 before the extra 40feet of oil was found. flow results come out in the next 3 weeks (they will be out in 10 day) sp expceted to be 200+ before flow results. and will rocket to 500+ with good results (anything above 1200 (3000 would be best case) they have two new blocked license next to the bentley field and also going int oproduction in 2011. they will be bought over for minimum £10 a share.

dont know much about rrl except they keep letting time frames slip so people are getting fed up and moving money to companies which are making money right now. (gkp, eo, xel)

FML is my longish share where i expect 30p minimum by feb 2010 (at 7p atm)