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Xcite Energy Share Chat (XEL)



Share Price: 66.75Bid: 66.50Ask: 67.00Change: -1.00 (-1.48%)Faller - Xcite Energy
Spread: 0.50Spread as %: 0.75%Open: 67.00High: 71.00Low: 66.25Yesterday’s Close: 67.75



Share Discussion for Xcite Energy (XEL)


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highlandsbull
Posts: 962
Observation
Opinion:No Opinion
Price:66.00
View Thread (2)
RE: Rupert stated that
17 Jun '14
Thought he'd also derided one questioner at the AGM who'd asked about the prospects of further placement(s), are there not more shares going out with this refi?
 
agkglg
Posts: 737
Off Topic
Opinion:No Opinion
Price:66.50
Presentation
17 Jun '14
mainshare
Posts: 797
Off Topic
Opinion:No Opinion
Price:66.50
View Thread (2)
Rupert stated that
17 Jun '14
he wanted the SP at a reasonably low price..so the IP options would be easier to pick up..and when the FDP was complete..ppl would see the true value of the SP?
tuscanraider
Posts: 107
Off Topic
Opinion:No Opinion
Price:66.50
i agree with u
17 Jun '14
I also think there is a lot of chess movements being done here by the bod . In theory the bod are saying pay us top dollar now or pay more later as we are going forward one way or another . Our asset is not only massive for the north sea , it is becoming ever more valuable with the middle east collapsing .
agkglg
Posts: 737
Off Topic
Opinion:No Opinion
Price:66.00
Share Price
17 Jun '14
I wouldnt worry about the SP, i believe alot of PIs believe they can make masses of money overnight as recently happened on MSMN. Its sentiment that has driven the SP down here nothing else. People are too impatient to wait, I know we have been waiting a good while but i believe it could be just around the corner.. We shall soon see.. This is a good price for anyone to buy in at and i know of 5 people over the last two weeks who have put a good chunk in at these levels... Good Luck All
CHAPPI
Posts: 5,765
Off Topic
Opinion:No Opinion
Price:65.25
sellhigh
17 Jun '14
I first thought that, but cancelling the RBL as opposed to increasing it as the BOD claimed they would do made me think again!
hku821
Posts: 1,068
Off Topic
Opinion:No Opinion
Price:65.00
Chappi
17 Jun '14
I think the market any many PI's are nervous that maybe the deal won't be that great for us. The longer it takes the more uncertain we become, maybe we have the strength to negotiate the deal of the century but on the flip side maybe we are between a rock and a hard place.

If we had the upper hand I doubt we'd be at 65p in June 2014. I'm holding but as with most have many concerns the longer this drags on.
Sellhigh
Posts: 5,566
Observation
Opinion:No Opinion
Price:65.00
The Plan -IMO
17 Jun '14
I believe the $140m will be used to service a new RBL agreement circa $300m, the asset loans talked about at the AGM and extended the existing loan $80m by 1 year (as per the original agreement)

Along with the service company agreements XEL will have enough funds to get the FDP signed off

At this stage they will be looking for a farm-in partner

The plan is to get FDP approval by year end, press on with production and pick up a partner within the next 2 years.
jambobble
Posts: 31
Off Topic
Opinion:No Opinion
Price:65.00
Chappi
17 Jun '14
Yes I would really love to know Chappi but we both can only really guess and believe the BOD.....or not.
We have chopped and changed our plans over the years and I truly believe in this great asset, but I think I will not be the only one feeling nervous by this less than transparent deal.
I am hoping that MOUs now gathering dust are acted on soon and we begin to see a firmer understanding of the finances and timescales.
GLA
Jam
The-Lockie
Posts: 838
Question
Opinion:No Opinion
Price:65.00
100p
17 Jun '14
Guess unlikely to see 100p this side of Xmas or new year. Will we get there in next 12 months ?



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