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Xcite Energy Share Chat (XEL)



Share Price: 11.75Bid: 11.00Ask: 12.50Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 1.50Spread as %: 13.64%Open: 11.00High: 12.00Low: 11.00Yesterday’s Close: 11.75


Share Discussion for Xcite Energy


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highlandsbull
Posts: 4,384
Observation
Opinion:No Opinion
Price:11.75
Question..
Today 00:40
in the event of a Bond default on 30/6 is there any grace period the Bondholders have to give?
 
Topboy1
Posts: 452
Off Topic
Opinion:No Opinion
Price:11.75
Brent
Wed 21:22
is within a squeak to breaking $50. If it does so and closes above this psychological level, we might see it motor on afterwards.
LEGENDS
Posts: 1,205
Off Topic
Opinion:No Opinion
Price:11.75
out today
Wed 20:46
highlandsbull
Posts: 4,384
Observation
Opinion:No Opinion
Price:11.75
RE: Tide definitely turning
Wed 19:52
No I hope not quite LEGENDS yet! just there had to be serious reason going down to expense something like that.
stoddman
Posts: 1,496
Off Topic
Opinion:No Opinion
Price:11.75
Might
Wed 19:51
Might sell a couple of my other bottom drawer performers and stick it in here (must need my head seeing to - lol).
romaron
Posts: 546
Off Topic
Opinion:No Opinion
Price:11.75
RE: Tide definitely turning
Wed 19:46
Careful HB " This may be the reason for XEL to try to employ heavy hitters on the legal side, but that also could be to do with structure of any possible HMG guarantees and/or surety to the Bondholders going forward."

You're entering Legend territory. I think it is a possibility. HMG acting as a guarantor. Not such a big leap from 'export credit guarantees' to what you suggest.
highlandsbull
Posts: 4,384
Observation
Opinion:No Opinion
Price:11.75
RE: Tide definitely turning
Wed 19:31
Of course conversely this closing in date for the Bonds repayment, with the codicil attached, could act as a disincentive to prospective partners particulrly with the FDP not yet in place. Why pay money if in a month's time you find XEL becomes more or less a shell with the main field up for auction by it's new owners.
highlandsbull
Posts: 4,384
Observation
Opinion:No Opinion
Price:11.75
RE: Tide definitely turning
Wed 19:26
I agree, OGA want this project and presumably the surrounding in Quad 9 to succeed.

They have had an input to XEL's lease extension and would very definitely have input if the Bondholders were to consider taking over and trying to market the Bentley lease away from XER. I think the financial cost to XER of what has been done, at DECC insistence also, has a bearing on their thought process re backing to XER. So advice to Bondholders (assuming the is no late show to repay) probably is get your pound of flesh but be reasonable, at least until the current negotiations have run their course in view of the complexity of same. And as mentioned with equity they do have skin in the game already.

The interesting thing will be to see just who they may represent, and whether there is any pressure from anyone in Big Oil to buy out the Bonds, with the codicil that currently comes with it. This may be the reason for XEL to try to employ heavy hitters on the legal side, but that also could be to do with structure of any possible HMG guarantees and/or surety to the Bondholders going forward.
honestbob
Posts: 737
Off Topic
Opinion:No Opinion
Price:11.75
View Thread (2)
december meeting
Wed 18:33
unless you know that for a fact you really shouldn t state it is this just your opinion or is it a fact
Golddigger
Posts: 346
Off Topic
Opinion:No Opinion
Price:11.75
View Thread (6)
Tide definitely turning
Wed 18:33
Some of the posts on here and iii from various posters over the last couple of days have been quality whilst the neg brigades musings are sounding more and more ridiculous. Strato on iii being the most recent, he thinks Bondholders have a gun to Xcite's head..lmfao..for the record there isn't the slightest chance that is happening unless the bondholders want to commit corporate suicide... If you pick a fight with a proxy for the UK government you'll always lose.

GLA




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