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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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highlandsbull
Posts: 2,587
Observation
Opinion:No Opinion
Price:33.00
View Thread (3)
RE: Bentley sub $35
25 Jun '15
Not quite correct, they'd have had three years production by now, and could well have, as per Iona with BP sold production forward, and avoided thereby much of the spot oil price decline. As a worst case scenario 350 days x 3 x 25000 bbls/day x $80/bbl = a gross revenue of $2.1bn by my estimates in that time.

Simpleton calculation, but the opportunity lost seems pretty persuasive from doing nothing to date, which remember is going to be the situation for a further three years during which time the original scheme would not only have been running for said additional time, but production stepped up by further 20000 bbls..
 
ceilingcat
Posts: 742
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (3)
RE: share price
25 Jun '15
Yes, but the problem is you've been hinting that news is around the corner for years. The price has drifted down, despite numerous game changing RNS announcements. Still, you only need to be right once.
ceilingcat
Posts: 742
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (2)
RE: gas import
25 Jun '15
What's your point? They have no choice but to have a gas import pipeline, there simply isn't enough gas to produce enough power through the life of the field. Gas import pipelines are a common and necessary part of north sea infrastructure, as you know, being an industry insider right?

What you'll note is the gas import pipeline in that original diagram heads off south east towards the Vesterled pipeline towards Bruce. The revised plan has a much shorter pipeline planned to tee into the line up from Mariner towards Kraken and Bressay, as per last year's collab agreement.
LEGENDS
Posts: 296
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (3)
share price
25 Jun '15
Back in early 2009, at the height of the credit crunch, XER were only months away from running out of cash.
This serious problem was reflected in the share price-
Date: 02.01.2009 Open: 3.35 Trade high: 3.50 Trade low: 2.50 Close: 3.50

Then came the news-
http://www.xcite-energy.com/investors/regulatory-news/rns-news/2096061
http://www.xcite-energy.com/investors/regulatory-news/rns-news/2106726
http://www.xcite-energy.com/investors/regulatory-news/rns-news/2116142
http://www.xcite-energy.com/investors/regulatory-news/rns-news/2122628
http://www.xcite-energy.com/investors/regulatory-news/rns-news/2142248
http://www.xcite-energy.com/investors/regulatory-news/rns-news/2145391
and so by April we had a 10 bag-
Date: 06.05.2009 Open: 29.50 Trade high: 35.00 Trade low: 28.50 Close: 30.50

What I am hinting at is- when the RNS for the FDP, Finance, (and possibly JV Partner(s), Heavy Oil Hub or full asset sale) is released. Well I don't think I need to say what will happen to the share price.

Late summer is just around the corner.....
ceilingcat
Posts: 742
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (3)
RE: Bentley sub $35
25 Jun '15
What is your source for $73/bbl on Kraken? That completely goes against all the figures I have seen from Enquest for the Kraken field. And if you can't trust Enquests figures vs the analysts, why would you believe Xcite's costs?

Don't disagree on your general point though.
LEGENDS
Posts: 296
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (2)
gas import
25 Jun '15
If you look at the diagram on page 9. The future gas import pipeline was part of the original plan-

http://www.xcite-energy.com/investors/presentations-and-documents/analyst-presentation-2011
LEGENDS
Posts: 296
Off Topic
Opinion:No Opinion
Price:33.00
very high cost first plan
25 Jun '15
LEGENDS
Posts: 296
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (3)
Bentley sub $35
25 Jun '15
If XER were granted FDP IN 2011 and took Bentley into production using the original plan at present POO prices. I would hate to guess what the consequences would have been.

What’s more, analysts estimate that the company’s Kraken heavy oilfield, which is under development in the North Sea, has a projected break even cost of $73 per barrel, making the project uneconomic with oil trading at present levels.

http://www.fool.co.uk/investing/2015/01/19/enquest-plc-jumps-on-cost-cutting-rumour-but-is-it-too-little-too-late/
Topboy1
Posts: 125
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (4)
RE: RE: RE deals take time
25 Jun '15
It also specialises in the production and sale of lubricating oils and bitumens.





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