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Xcite Energy Share Chat (XEL)



Share Price: 68.00Bid: 67.75Ask: 68.00Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.25Spread as %: 0.37%Open: 68.75High: 69.75Low: 67.25Yesterday’s Close: 68.00


Share Discussion for Xcite Energy (XEL)


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cemoto
Posts: 800
Off Topic
Opinion:No Opinion
Price:60.25
View Thread (2)
North sea oil
31 Mar '14
I'm starting to think north sea oil is being left where it is on purpose,are we waiting for the "cheap and easy" middle east oil to start to run out before anything happens here?
Half tongue in cheek
Half serious
 
highlandsbull
Posts: 681
Observation
Opinion:No Opinion
Price:60.25
Re: CFO
31 Mar '14
Yep, there are a number of tantalizing scenarios one can imagine with XEL from the words and actions of the likes of RC and AF, such as in AF's case why would he accept that cfo job on the basis of being a poisoned chalice. Ditto for RC as to why XEL delayed the production prospect of 2012, and went into the expanded development plan with $700m capital requirements for same if there was any chance of it not going ahead due to lack of funding, or having a viable plan B in place. Baffling in view of the delay of positive news, on time, and the state thereby of the current sp.
ugiebear
Posts: 1,211
Observation
Opinion:No Opinion
Price:60.25
Chappi
31 Mar '14
my thoughts exactly...

ATB
CHAPPI
Posts: 5,618
Observation
Opinion:No Opinion
Price:60.25
View Thread (2)
CFO
31 Mar '14
Ugiebear, I hardly imagine AF would want a failed CFO appointment on his CV after 17 years in the financing industry, he is 44 years old, a long way off from the end of his career. Given the date he took the position he would have a jolly good idea whether taking it would be a good career move one would have thought !

If I were him and had concerns about XEL's future I would have declined the position.
highlandsbull
Posts: 681
Observation
Opinion:No Opinion
Price:60.75
View Thread (2)
RE: P.S....................
31 Mar '14
If there is an increased RBL available, like $3-400m, acceptable to DECC, and it's accessible irrespective of XEL having to jv with a major, with AMEC being accepted as the duty holder then he's got a job to do, tho some clarity as to just what he's helped put in place that's workable now would be good to know.
bonker99
Posts: 12,911
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:61.00
Scub
31 Mar '14
Nice one mate - that could work as a monthly close - big day today ........
ugiebear
Posts: 1,211
Observation
Opinion:No Opinion
Price:61.00
CFO
31 Mar '14
Andrew Fairclough had been with XEL for around 18 months, when he was appointed to CFO of the company just last month.

If the development can't be funded, I suspect the CFO would carry the can. If however a good deal was secured, the CFO would receive most of the plaudits (and an enhanced reputation).

In view of this - is it likely he would have accepted the appointment; if he knew bad news was just around the corner?
CHAPPI
Posts: 5,618
Observation
Opinion:No Opinion
Price:61.25
View Thread (2)
P.S....................
31 Mar '14
"following 17 years' experience in investment banking and corporate finance,"

All I can say about this is that he would probably be at the forefront of any negotiations that have been taking place, so promotion if things had not been progressing well? Nah, not in my opinion anyway
CHAPPI
Posts: 5,618
Observation
Opinion:No Opinion
Price:61.50
View Thread (7)
RE: RC comment
31 Mar '14
With the appointment of AF as our new CFO and given the accompanying statement (below) in the RNS that announced his appointment in Feb, does promotion come with a failing strategy that he would clearly be involved with? I think not myself.

"Andrew has become increasingly involved with the financing strategy and development of the Company."
nhawan
Posts: 322
Off Topic
Opinion:No Opinion
Price:61.00
Bounce coming?
31 Mar '14
Appears to have some buying pressure. Could we see push up again after testing 60p a couple of times today...?



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