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Xcite Energy Share Chat (XEL)



Share Price: 40.75Bid: 40.75Ask: 41.00Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.25Spread as %: 0.61%Open: 41.50High: 42.00Low: 40.25Yesterday’s Close: 40.75


Share Discussion for Xcite Energy (XEL)


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Sellhigh
Posts: 5,674
Off Topic
Opinion:No Opinion
Price:60.00
North Sea M&A activity
16 Sep '14
Companies such as Enquest, Ithaca and Xcite Energy have most or all of their assets in the Scottish North Sea and they have all experienced significant share price losses in the last 2-3 months leading up to mid-September.

The Scottish referendum has been a major contributing factor vis-a-vis those share price falls. In the period from July 30 to September 15 (closing prices): Enquest has seen its share price fall 19% whereas Ithaca Energy’s share price drop was a more modest 5% (although it was a more severe 15% from June 30). At the same time, Xcite Energy has seen its already battered share lose a further 14% during the same period (July 30 to September 15). Xcite’s share price has lost about 47% of its value in the year leading up to September 15 2014 mainly due to delays in plans for developing the Bentley field.

read more

http://www.acquisitionsdaily.com/2014/09/16/scottish-referendum-spark-trigger-north-sea-ma/
 
Ducksoup
Posts: 11,380
Off Topic
Opinion:No Opinion
Price:60.00
View Thread (2)
RE: Wednesday
16 Sep '14
Agree with energy security.Maybe if the airhead Osborne had not increased taxes in the North Sea and causing the investment in the North Sea to come to a standstill couple of years back this would be doing just fine and not where it is.
Sellhigh
Posts: 5,674
Off Topic
Opinion:No Opinion
Price:60.00
Holding better today
16 Sep '14
Other stocks taking the hit.
skierpaul
Posts: 7,094
Off Topic
Opinion:No Opinion
Price:60.00
all
16 Sep '14
All shares seem laclustre ATM, more than normal. Summer period is normally quite but seems national/international events are making investors seek more reliable/safe places maybe. Can't see xel ever hitting the highs of 2011, but maybe I've become super cynical! Atb
wetdream
Posts: 313
Off Topic
Opinion:No Opinion
Price:60.00
The sp will go
15 Sep '14
where SCAP and their friends want it to go, IMHO. They've controlled it for the last couple of years.
c.95% of shares are dormant.
marthasson
Posts: 3,596
Off Topic
Opinion:No Opinion
Price:60.00
ducksoup
15 Sep '14
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
skierpaul
Posts: 7,094
Off Topic
Opinion:No Opinion
Price:60.00
View Thread (2)
Wednesday
15 Sep '14
I wouldn't bet against seeing 55 p on Wednesday at close of trading. Whole market is jittery.this referendum couldn't have come at a worse time with other world affairs. We need energy security asap..
Sellhigh
Posts: 5,674
Off Topic
Opinion:No Opinion
Price:60.00
Markets
15 Sep '14
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.
Ducksoup
Posts: 11,380
Off Topic
Opinion:No Opinion
Price:60.00
View Thread (2)
RE: ducksoup
15 Sep '14
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.
marthasson
Posts: 3,596
Off Topic
Opinion:No Opinion
Price:60.00
View Thread (2)
ducksoup
15 Sep '14
so you don't think ALL uk markets will get a battering on thursday if a yes vote wins ?



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