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XEL Share Chat - RSS Feed

Xcite Energy Share Chat (XEL)



Share Price: 41.75Bid: 41.00Ask: 41.75Change: 0.25 (+0.60%)Riser - Xcite Energy
Spread: 0.75Spread as %: 1.83%Open: 41.50High: 42.00Low: 41.50Yesterday’s Close: 41.50


Share Discussion for Xcite Energy (XEL)


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mline
Posts: 740
Off Topic
Opinion:No Opinion
Price:42.00
dazah
Today 08:39
~40p is a great price to get in at yes. It's not such a great price to see when you're long up the yin-yang and have been since the SP had a big figure of 3. And I don't mean 30-something-p.

Anyway - good luck to you - we all hope for / expect a rally from here.
 
kevkan
Posts: 73
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (5)
RE: hello - new investor here
Today 00:23
Watch this one guys made quite a name for himself over on bmn sold out today much to everyones relief, who knows new leaf perhaps
Sellhigh
Posts: 5,673
Off Topic
Opinion:No Opinion
Price:41.50
Oil prices up
Thu 19:44
$87 on reports that the Saudis have reduced supply.
Sellhigh
Posts: 5,673
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (5)
RE: hello - new investor here
Thu 19:28
Well you have got a 90% discount to the oil in the ground valuation of a company that says it could be fully funded and ready to get approval from the government to proceed with production in only a few months.

Sound quite unbelievable when you say it out loud - good luck
dazah
Posts: 242
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (5)
RE: hello - new investor here
Thu 19:23
Well fingers crossed 40k shares, just catching up on the gossip.
Sellhigh
Posts: 5,673
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (5)
RE: hello - new investor here
Thu 19:19
Hell yeah - great price
dazah
Posts: 242
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (5)
hello - new investor here
Thu 19:17
hopefully I've got in a good price!! have I ?
Sellhigh
Posts: 5,673
Off Topic
Opinion:No Opinion
Price:41.50
A Few Events
Thu 19:10
That in my opinion has left XEL languishing at 40p

1. They thought they could drill one well to prove up 250mmbl of oil and go straight to production. But the DECC and Tracs had other ideas hence the requirement for EWT.

2. The precarious financial markets and XEL lack of revenue meant they have to do some share price damaging deals to raise the $240m

The up side was a very successful EWT which demonstrated beyond doubt that Bentley was commercial

The up grade in reserves should have mitigated the share dilution and restored the share price. But others were now in control of the share price.

3. The failure to secure a farm-out agreement by the end if 2013

4. Several years of AIM decline particularly oil companies,

5. A drop in oil prices have exaggerated the above in the last few weeks

The lack of confidence in all AIM stocks to invest long terms means that money will not flow into XEL on a large scale again until they have some significant news. Which IMO is a fully funded FDP

I like XELs plan to fund the FDP and we should see more of this forming over the next few weeks/months, let's hope the share prices tracks the progress made.
highlandsbull
Posts: 1,198
Observation
Opinion:No Opinion
Price:41.50
View Thread (3)
RE: Technically Speaking
Thu 19:06
Just wondering when XER can submit the FDP. The only contractor MOU outstanding now is the driller/rig, after which they will know in principle the main cost parameters to finalise the funding with the lenders, and the plan to complete the FDP.

If as RC has maintained the funding options are known and it's basically a determination of the quantum, once knowing that would they then proceed with the FDP, perhaps having a codicil with the lenders re funds amendment subject to the Autumn budget news. Or, would they wait that budget speech out and submit mid December. DECC won't be concerned about the detailed profitability aspect, just that funding can be demonstrated.

Whatever, it does not seem like any jv partner will show before the FDP is in, one would think in fairness to their proposed partner they would have showed their face and support by now. Unless discreetly Statoil and the NDA's, it's not happened. So if one does plan to come in after the FDP is approved, then the farm in price should also be materially different, perhaps another plus for XEL to get the FDP in asap, on their own.
Sellhigh
Posts: 5,673
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (3)
RE: Technically Speaking
Thu 18:31
3 years ago today XEL had 28mmbl of P2

they now have 257mmbl of P2 and have produced and sold 150,000 barrels of oil following a $250m EWT

The Decc are Technically satisfied with the FDP

They have sold their data to Statoil for $15m who in turn are redesigning their field which shares the same characteristics as Bentley

So of all the criticisms you could give XEL technical ability and achievements in the last 3 years is not one of them.



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