i'm afraid i'll have to disagree with you here......IMO a no vote will mean little change i agree........but i think the SP could become very volatile on a yes vote as shareholders may panic sell because they don't have the knowledge as to what the future holds regarding delays etc i myself won't be selling and may even buy more if it does fall significantly as i agree with sellhigh on the fact that the oil will have to be extracted eventually and i have the patience to wait........some haven't
There are certainly many other company stocks with interests in Scotland exposed to higher risk than XEL that have not had their share price so badly affected. But it's far easier to manipulate AIM.
The oil will be extracted no matter who the tax gets paid to, in what ever currency that is - there are far far more politically unstable regions in the world.
The markets will get hit with a yes vote. Which will have an impact on most stocks, how long that will last is unknown.
I believe both governments would need to act to reassure the markets. But XEL would be no different from any other share.
The only risk is if there is a delay to the approval process, but XELs FDP is 95% agreed, it only need the funding. As these companies are international; banks, contractor etc. I don't see the vote to be an issue.
Another reason why this may have dropped is because there may be quite a lot of Scottish investors who may want to reduce their risk incase of a yes vote.
I for one have reduce risk elsewhere but will be buying more XEL come Friday if it's a no vote.
I think there will be an effect on the markets on Thursday yes but look at how the XEL has performed last few months.The posters on iii have been a disgrace and they say they are holders,maybe they aint and it is just a ploy to drive this down.There are genuine holders though that have been pretty much breeding fear and insecurity for no reason.What effect could a yes or no vote seriously have on a North Sea oiler's business?Nothing at all. The market have enjoyed easy shorts at holder's expense.Dream come true for them.
What no vote?People that have made an issue of this referendum insinuating that it would make a negative impact on the North Sea oilers on a yes vote,while it will make no difference whatsoever no matter what the results are, should give themselves a nice pat on the back and then batter themselves on the head with a brick.You have been your own worst enemy.
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