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Xcite Energy Share Chat (XEL)



Share Price: 31.50Bid: 31.00Ask: 32.00Change: -1.00 (-3.08%)Faller - Xcite Energy
Spread: 1.00Spread as %: 3.23%Open: 33.00High: 33.00Low: 31.00Yesterday’s Close: 32.50


Share Discussion for Xcite Energy (XEL)


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MajorEvent
Posts: 906
Off Topic
Opinion:No Opinion
Price:39.50
View Thread (7)
RE: Sorry lads yup
21 May '15
They are also planning to invest $600m in infrastructure this year.

So many variables and it's not easy to put a figure on it but you could just as easily say $5.6 billion offer divided by 633m reserves equates to $9 per barrel
 
MajorEvent
Posts: 906
Off Topic
Opinion:No Opinion
Price:39.50
View Thread (7)
RE: Sorry lads yup
21 May '15
The 663m is not 2P according to their web site it includes condensate. It also states in their interim report that their oil carries a 26% discount to Brent and they only achieved an average price of $40 per barrel in Q1 2015 presumably running at a loss.
marthasson
Posts: 4,532
Off Topic
Opinion:No Opinion
Price:39.50
yanchep
21 May '15
looks like he's been removed
marthasson
Posts: 4,532
Off Topic
Opinion:No Opinion
Price:39.50
mr paranoia
21 May '15
i won't be replying to you anymore......you are a bore.......and i've decided to filter you for the good of the board
ceilingcat
Posts: 586
Premium Chat Member
Answer
Opinion:No Opinion
Price:39.50
View Thread (7)
RE: Sorry lads yup
21 May '15
Market cap minus cash reserves is around $3.72B. 2P reserves are 663M. That's around £3.50. Fudge factor to take into account Dragon are producing, have a dividend, no debt, low opex, gas reserves, 3P resources and exploration assets, and so on.

What do you calculate it to be MajorEvent?
highlandsbull
Posts: 2,393
Observation
Opinion:No Opinion
Price:39.50
View Thread (12)
RE: Global know THIS BENTLEY BEAST
21 May '15
No, it was mainly the drop in the oil price projection to $75 that dropped their target rice. The details are in their report. That's why it's too conservative, with the likes of RDS projecting $90 by then.
X111
Posts: 606
Off Topic
Opinion:No Opinion
Price:39.50
Cmon
21 May '15
Cat,
Waiting for your calc?
MajorEvent
Posts: 906
Off Topic
Opinion:No Opinion
Price:39.50
View Thread (3)
RE: Volume not
21 May '15
I thought the spread has been fairly average in the afternoon. Can you explain why it has been outrageous?
MajorEvent
Posts: 906
Off Topic
Opinion:No Opinion
Price:39.50
View Thread (7)
RE: Sorry lads yup
21 May '15
How do you calculate it to be £3 per barrel?
Yanchep
Posts: 1,146
Off Topic
Opinion:No Opinion
Price:39.50
View Thread (3)
RE: Volume not
21 May '15
SPKiller aka toxicnerve - looks like you logged on under the wrong avatar.





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