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Xcite Energy Share Chat (XEL)



Share Price: 30.25Bid: 30.00Ask: 30.25Change: -1.00 (-3.20%)Faller - Xcite Energy
Spread: 0.25Spread as %: 0.83%Open: 30.50High: 31.00Low: 29.75Yesterday’s Close: 31.25


Share Discussion for Xcite Energy (XEL)


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NSOil
Posts: 56
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (16)
RE: Let's be positive
16 Feb '15
SP - if you feel the need to short based on some differential in your head between POO and the SP be our guests. I think I can speak for most on this board that we are interested in news when it arrives. You may get the positives that you and Mark mentioned thrown back at you if you decide it's time just to emphasise the negatives.
 
MarkESmith
Posts: 419
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (16)
RE: Let's be positive
16 Feb '15
Good afternoon SPKiller. Well, there is an awful lot of negativity on this thread today which is a little surprising considering the industry climate appears to be improving quite markedly by the day? I am trying to ignore the obvious provocation and am instead looking positively at the bigger picture emerging here. The day-to-day share price movement is not something I will be concentrating on too closely, I'll leave that to other commentators.
SPKiller
Posts: 888
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.25
View Thread (16)
RE: Let's be positive
16 Feb '15
Hey Mark,

Funny how you're damned when you point out positives and damned if you point out negatives... strange for a balanced discussion board.

Great work though Mark.

As I said last week, we need be weary of a gap between POO recovery and our SP. I think it's too close to call at the moment. POO up slightly now and XEL down. Don't panic but worth keeping an eye on.
MarkESmith
Posts: 419
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (16)
RE: Let's be positive
16 Feb '15
More good news, Brent is recovering very nicely indeed, currently over $62. Why is this good? Because Edison had forecast that even with Brent at $50 we should be able to borrow $300m based on their so-called 'distressed' estimates. So at $62 the borrowing capacity is theoretically increased quite dramatically.
So if as expected, we can back-end a good proportion of the costs, reduce the front-end cash costs by industry discounting and secure the balance from the debt markets, which should become more relaxed as oil prices rise, then I estimate we should be able to secure a fully funded FDP in the coming months.
Isn't that good news? Let's be more positive as the climate improves.
jambobble
Posts: 67
Off Topic
Opinion:No Opinion
Price:33.00
Too many negative posts today
16 Feb '15
So Mark E Smith your saying the board should follow your lead depending on whether your long or short?
You really are a prize idiot and I sense you will dissappear very soon to be replaced with another with an oh so similar posting style.
Interesting you and SPK both have taken the same approach at the same time
GLA
Jam
onename
Posts: 4
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (2)
RE: $62 now for Brent
16 Feb '15
takahe- I totally agree- as a reader of these bb's rather than a poster, I suppose I am one of their targets- it really is tiresome and i hope that LSE take action at some point.
takahe
Posts: 414
Off Topic
Opinion:No Opinion
Price:33.25
View Thread (2)
$62 now for Brent
16 Feb '15
http://www.livecharts.co.uk/MarketCharts/brent.php

DYOR re financing.
Certain posters here are not to be trusted, given that one of them is a very long time deramper on another forum
MarkESmith
Posts: 419
Off Topic
Opinion:No Opinion
Price:33.25
View Thread (16)
Let's be positive
16 Feb '15
Too many negative posts today, so I'll try to lift the gloomy mood. If you compare this with Afren you'll see we are in a better position despite being years away from production. Why? Because we can pay our interest to the lenders for the foreseeable future as we have at all times 12 months of interest in escrow. Therefor we can ride out the tricky times whereas Afren is having to restructure its share capital to enable lenders to swap debt for equity. This could leave AFR shareholders with a small minority rump of the company. At least we don't have those immediate worries to contend with. Now isn't that something to be cheerful?
marthasson
Posts: 4,044
Off Topic
Opinion:No Opinion
Price:33.50
bubbajoe
16 Feb '15
theres a 1st for everything.........he apparently filters people that answer the trolls back too so be careful :-)
flyman
Posts: 2
Observation
Opinion:No Opinion
Price:33.50
View Thread (2)
RE: Bliss
16 Feb '15
Crikey anyone left? That's an extensive list :)





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