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Xcite Energy Share Chat (XEL)



Share Price: 44.75Bid: 44.75Ask: 45.25Change: -0.50 (-1.10%)Faller - Xcite Energy
Spread: 0.50Spread as %: 1.12%Open: 44.50High: 44.75Low: 44.25Yesterday’s Close: 45.25


Share Discussion for Xcite Energy (XEL)


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Rivendell666
Posts: 3,878
Observation
Opinion:No Opinion
Price:41.25
View Thread (3)
Stat
29 Oct '14
"""......Statoil, which has sold more than $23billion of assets since 2010, will present new investment plans at the Stavanger-based company’s next capital markets update in February..... """

Do we have to wait until the new man is ensconsed before he bites the bullet of BresBent ??? Let's hope Rupert pre-empts him Fairly Dammed Promptly...........

http://www.energyvoice.com/2014/10/statoil-ceo-says-company-may-cut-investments-asset-sales/
 
Sellhigh
Posts: 5,765
Off Topic
Opinion:No Opinion
Price:41.00
View Thread (4)
RE: Rig cost
29 Oct '14
Xel already own the generators and the gas is taken from the field to power them – so it free of charge
highlandsbull
Posts: 1,273
Observation
Opinion:No Opinion
Price:40.75
View Thread (2)
RE: Rig cost
29 Oct '14
Some do, Statoil for one, balance a portion of their rigs between owned and leased, things go bad and the leased rigs are dropped first.
Rowman_Oohmwrels
Posts: 132
Off Topic
Opinion:No Opinion
Price:41.00
View Thread (4)
RE: Rig cost
29 Oct '14
Highlandsbull, that's just the lease for the rig. How much for fuel and operating costs of that rig ? If you use an arbitrary $20 per barrel cash flow, it would take 15,000 barrels per day to cover $300,000 per day for the rig. How much do you figure for the platform, storage, off take and support vehicles ? In the event that they were able to borrow $700 Million for start up, I believe the payment schedule could be around $50 Million per quarter. Food for thought :)
Ashlar
Posts: 7
Off Topic
Opinion:No Opinion
Price:40.75
View Thread (2)
Rig cost
29 Oct '14
Love how positive feed back is given with a negative twist I did read the post wrong this morning and you are correct the cost may well be 250k a day
But that just endorses my initial question why dose the oil companies not purchase more rigs or buy into companies that do if a JCB was around 25k and you have 400k off round works cost would you hire the plant or delay a project because the kits not available for my months ?
highlandsbull
Posts: 1,273
Observation
Opinion:No Opinion
Price:41.00
View Thread (4)
RE: Rig cost
29 Oct '14
Why don't you check your facts before posting. A ballpark price for a n/b j/u rig is in the region of US$250m, depending on spec. Dayrates are in the range of $215-250k. Check Hercules, Prospector, etc.
highlandsbull
Posts: 1,273
Observation
Opinion:No Opinion
Price:40.75
View Thread (2)
RE: Good News
29 Oct '14
We need to get some benefit from this interminable wait, mixed bag, rig rates may be heading down but so is the oil price. By the way SK seems to have been very quiet the past few months, about time the P&J paid him another visit for an interview, re-excite us as he did what, two years ago..
Ashlar
Posts: 7
Off Topic
Opinion:No Opinion
Price:40.75
Rig cost
29 Oct '14
Ps I understand we can't afford to purchase one with finance available it's a general question broad brushed to the whole industry as most of my oilers seam dependant on rig availability or viability of cost due to this figures as lay mans view it seems counter productive to the industry on a whole
Ashlar
Posts: 7
Off Topic
Opinion:No Opinion
Price:40.75
View Thread (4)
Rig cost
29 Oct '14
Daft question but if a modern rig cost £600 to £700 mill and your spend is £3900 mill if that cost. We're on a site of mine and iits plant hire cost I would purchase the kit and then sell on why pay 600k a day sure someone will explain the reasons
Rivendell666
Posts: 3,878
Observation
Opinion:No Opinion
Price:41.00
View Thread (2)
Good News
29 Oct '14
The global offshore oil rig market's downturn could last into 2016, longer than seen a few months ago as a fall in oil prices exacerbates the dip, the chief executive of Maersk Drilling said . Rig rates have fallen sharply over the past year as energy firms cut exploration spending.......

http://www.rigzone.com/news/article.asp?hpf=1&a_id=135642&utm_source=DailyNewsletter&utm_medium=email&utm_term=2014-10-29&utm_content=&utm_campaign=feature_2

Let's hope Rupert's poker game is on good form.



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