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Xcite Energy Share Chat (XEL)



Share Price: 31.875Bid: 31.25Ask: 32.50Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 1.25Spread as %: 4.00%Open: 32.00High: 32.00Low: 31.875Yesterday’s Close: 31.875



Share Discussion for Xcite Energy (XEL)


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ceilingcat
Posts: 741
Premium Chat Member
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Opinion:No Opinion
Price:32.75
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RE: something or nothing?
25 Jun '15
Jim's right about his extensive project management experience. Spent the last 2 years as an Independent Project Management Professional. He has a lot of recommendations on linkedin for Project Control and EPC.

Strange choice for a NED?
 
ceilingcat
Posts: 741
Premium Chat Member
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Price:32.75
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RE: RE: deals take time...
25 Jun '15
I agree.
ugiebear
Posts: 1,905
Observation
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Price:32.75
View Thread (3)
RE: deals take time...
25 Jun '15
Logic would suggest Statoil (and others), may have also adopted a wait and see policy. Who knows how many are circling Bentley, waiting for someone to make the first move?

Maybe the BOD do...
ceilingcat
Posts: 741
Premium Chat Member
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Opinion:No Opinion
Price:33.25
View Thread (3)
RE: deals take time...
25 Jun '15
Ugiebear perhaps MOL decided to pursue a wait and see policy once they saw where oil prices were heading?

Deals take time, yes for sure, but usually once a takeover or farmout has been announced, for example the Baker-Hughes and BG acquisitions in the last year. Xcite have been trying to do a deal ever since they reported that they had commenced the bentley farm-out process in the 2012 annual results.
ugiebear
Posts: 1,905
Observation
Opinion:No Opinion
Price:33.25
any low ball offer...
25 Jun '15
will trigger a bidding war - which is why no such offer has been made IMO.
ugiebear
Posts: 1,905
Observation
Opinion:No Opinion
Price:33.25
View Thread (3)
deals take time...
25 Jun '15
as evidenced by MOL still pursuing their North Sea acquisition strategy since March last year.

With Bentley being a 'northern north sea asset' in the UK sector that MOL are specifically targeting, and the reservoir properties having been comprehensively analysed, in my view it has to be a potential target for any company looking to increase reserves.

And Statoil, who paid $15 million for the well data (which incidentally made them sit up and change their own long held plans for Bressay), will also be uncomfortably aware of this...
highlandsbull
Posts: 2,587
Observation
Opinion:No Opinion
Price:33.25
View Thread (3)
RE: plus...
25 Jun '15
Sori, typo, NDA's!
beanpole
Posts: 1,004
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Opinion:No Opinion
Price:33.25
Statoil
25 Jun '15
Sure is competition. May shake them into getting off the pot or pooing!
I like today`s positivity guys! Lets keep it up. We cant leave it all up to x111 can we?
romaron
Posts: 443
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Opinion:No Opinion
Price:33.25
View Thread (2)
something or nothing?
25 Jun '15
EnQuest PLC is pleased to announce the appointment of Philip Holland as a Non-Executive Director with effect from 1 August 2015.

Phil has very significant international project management experience in the energy sector, in particular in oil & gas. He held a number of senior positions at the Shell Group, including that of Executive Vice President, Shell Projects and Technology. Prior to Shell, Phil led the management of large scale Oil & Gas projects in a range of international locations for the Bechtel Corporation.

James Buckee, Chairman of EnQuest:
"I am delighted to welcome Phil to EnQuest as a Non-Executive Director. Phil's extensive project management experience in particular makes him a valuable addition to the Board and I look forward to working with him as EnQuest continues to develop and implement its strategy."
highlandsbull
Posts: 2,587
Observation
Opinion:No Opinion
Price:33.25
View Thread (3)
RE: plus...
25 Jun '15
Hooray, these guys have been talking about this for years, high time they pulled their finger out of this dam of money they reportedly have and headed towards Bentley. The rush so far attracted to this marvellous asset, that we are aware of, has been underwhelming to date to say the least. Time for the BoD to expose these FDPs for what that appear to be little better than, toilet paper.





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