Xcite Energy Ltd (XEL)

Shatners_Bassoon

Spike, the oil is there and lakes of it, Sea Lion has proven millions of barrels (Rockhopper) and it is commercial. DES are drilling in the same basin (only 12km away) and very rarely are finds like these solitary. So the answer is yes, for sure there is oil, it's just finding it! DES have now gathered all the data from the previous 2 attempts and are going for the sweet spot.

Good luck with whatever you do.

bobbyj_2

good vid by the boss all about the Bentley oil field.

http://www.youtube.com/watch?v=KFKfSZ22A4s

also http://www.proactiveinvestors.co.uk/companies/news/6265/xcite-energy-increases-most-likely-oil-in-place-at-bentley-field-to-690-million-barrels--6265.html

not getting rampy but between 690-890 million barrels is capping this stock at a few billion quid. No wonder investors/institutions have been all over this the last 2 days. This should well be the dream ticket stock for many but just how long will it reach these valuations??

blinko

bobbyj wrote: »

good vid by the boss all about the Bentley oil field.

http://www.youtube.com/watch?v=KFKfSZ22A4s

also http://www.proactiveinvestors.co.uk/companies/news/6265/xcite-energy-increases-most-likely-oil-in-place-at-bentley-field-to-690-million-barrels--6265.html

not getting rampy but between 690-890 million barrels is capping this stock at a few billion quid. No wonder investors/institutions have been all over this the last 2 days. This should well be the dream ticket stock for many but just how long will it reach these valuations??

Monday, June 22, 2009 ??

DES have a drilling programme in place so will be interesting to see there results seems to have settled at around 1.06 but i fear if this fails it could be the end or the start its risky though

Im looking to get into Encore on Monday for some action

would love o get into XEL but im going to have to miss the boat on this one shame

monitoring GKP aswell

also in CEY for medium term target 250

also looking to reduce my exposure on unti trusts as now is clearly the time to be in equities

cloud_dog

blinko wrote: »

also looking to reduce my exposure on unti trusts as now is clearly the time to be in equities

Would you mind explaining this one to me...... I'm fairly certain that the vast majority of unit trusts hold equities as their investments of choice.

blinko

cloud_dog wrote: »

Would you mind explaining this one to me...... I'm fairly certain that the vast majority of unit trusts hold equities as their investments of choice.

yes this is true eg I am india unit trusts but i dont feel int he short term they are going to give me the kind of returns i can generate from equities or comoddities

eg I made 30% return from GCM but only crystalised 10% as i couldnt really sell at 30% due to the massive coverage but i shiouldve stuck to my target

im currently in CEY which is giving me a 2% return nothing to shout about but i expect them to give me a 30%+ return over the next 6 months if all go accordingly

althougjh citi have just downgraded them....??

anyway

also i dont like the fact unit trusts seem to track the performance of america or of the countries stock market, where as individual stocks are less reliant on economic factors

Nix1982

Do you think Xcite, is worth a ? or am i too late?

sabretoothtigger

unit trust will just show an average. Every stock is influenced to some extent, the smaller the company the less obvious it is because most of their price is risk of will they grow or fail not Ben B's latest speech on how to print

I am india unit trusts but i dont feel int he short term they are going to give me the kind of returns i can generate from equities or comoddities

India went up tons recently I think, look at JII
Also their currency is stronger then ours generally despite 10% inflation and millions on a dollar a day they have growth where we do not. I do hold a small single indian company and its barely gone anywhere, problem is their timescale is going to take years to pay off so pretty boring but its not a reason to sell exactly.
That single stock is still effected by the rupee and so by the dollar and so by america politics, its just much smaller slower and harder to discern. Less trendy


CEY will have been downgraded because of poorer production. It was a hot tip for a while there with great expectations now its just plain reality of a gold mine trudging along, much more boring. Its still gold, it can make 30% still that isnt much variation for this kind of stock

blinko

CEY was buy on 27th by citi and sell by 3rd Nov ??/ mystery too me

AGM 9th I expect this to re afirm sholder confidence,

but i do expect them to miss y/e target of 160k oz due to the liners issue which is now resovled they need to do 60k oz in a 1/4 while they have beencurrently doing 30k per 1/4 but i expect them to do a good show in q1+2 2011 and again tey are unhedged and debt free so i have a target of 250 on them

my best performre is natural resooures JPM at 25% ten JPM africa at `13%

i think at least ion the short term india and asia will not move much as they are already at all times high and india has just raised and i am expecting ichina and india to raise rates again to combat ifnlation although a good rainy seasons will affect this as hopefully food yields wlll be good

iremainbullish on comoddities and africa so far but i am looking to move money from unittrusts into equities although again this is more risk and return buti thinkinthecurrent bull market surely equities are on teh tup

sabretoothtigger

CEY was buy on 27th by citi and sell by 3rd Nov ??/ mystery too me

Unless you paid citi thousands you will know maybe a month afterwards their thoughts on a company. The main reason they would publicly back a company is so their clients can sell it easily if they wish but if its good research it'll still be true a while after, its just if they rose alot already then its in the price

are already at all times high

Sure an all time high is a reason to think twice but it can also signal the start of a new move upwards. I know alot of risk traders look for stocks at new highs in case its breaking out, they often dont even consider the news

Running a new high is like going through a red traffic light, either its due to crash because it was an unjustified move or it's a signal its got good reason to carry on at a great pace in that direction

That can apply to markets too.

Going from trusts to equities I think you just mean you are relying less on tracking the market and more on your own value stock picking.

The big danger with India is that its been a nationalised country and industry for a long time and they may overextend themselves in reversing that, alot of their stock is like our RBS, private in theory. They have a history of big resets in prices and then a strong recovery.

The rates rising means a strong currency, Im not sure its a negative and alot of their economy is internal not like china or usa


Plain simple but well made infrastructure I think is the main thing in these 'new' markets, it'll succeed or fail largely on that in the long term regardless of fed policy or prices, etc India railway is mostly government, etc

http://www.allvoices.com/contributed-news/7243031-sea-port-in-brazil-falls-into-the-sea
http://img508.imageshack.us/img508/9926/img12891571036650711896.gif

cloud_dog

CEY are a well managed company, if only some of my other investments were as well managed.

Am a huge fan of CEY (been in since early 2006). With their large resource base and remainig exploration area, and with the plan to increase Au production to 500k oz by 2012 (if memory serves me right) the recent liner problem will be a distant hic-up in the road. Easily see 250p early next year. There I've said it, lets wait and see.

sabretoothtigger wrote: »

Sure an all time high is a reason to think twice but it can also signal the start of a new move upwards. I know alot of risk traders look for stocks at new highs in case its breaking out, they often dont even consider the news

Running a new high is like going through a red traffic light, either its due to crash because it was an unjustified move or it's a signal its got good reason to carry on at a great pace in that direction

Have to admit I am back in to a little bit of indecision again. A lot of stocks / indexes etc are at / near their all time and a fall back from here wouldn't be unexpected or unhealthy. Having said that I think with the recent Fed QE2 that money and IIs money needs to go somewhere. It ain't going to go in to property (maybe the very long-sighted might) and bonds are likely to perform poorly going forward. So, that leaves stocks and commodities.

The psycology of wealth is all important at the moment, and so if the 'people' feel wealthy the Government(s)/economy are percieved to be doing well.

Sabre, would welcome your thoughts on movements. Whilst I think most stocks will continue higher, only because of all that money going somewhere I'm not convinced in the ability of stocks to meet some of next years earnings numbers. Perhaps things will continue up until Q2 next year.