We are at a appoint when the smaller traders become unsure – some charts say this could go lower based on historical data, taking no account of a fundamental change in the company (like the significant upgrade) – I’m sure many will be hedging their bets buying some now and keeping some funds back Charts cannot tell you that a farm-out deal may be released in the next few weeks, along with DECC approval and RBL. Xel are right at the point now where news is likely almost 7 months into farm-out negotiations and almost 6 months into the DECC process. (both nearing the end of their expected term) Financing has always been the mill stone around xel’s neck (like many AIM stocks) –the only real risk to investors will soon be diminished A good finance deal should re-rate this stock immediately and there will be little chance of getting in at these low levels – also you have to consider are they really going to give these shares away much cheaper with the potential re-rate so close.
Things are looking good. Not long now until Statoil own us! Topped up again and again this week! Can't believe how cheap they still are! Christmas bonus comes through next week so will top up again. Merry Christmas and good luck.......
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