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Xcite Energy Share Chat (XEL)


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Blue-Eyes
Posts: 5,576
Off Topic
Opinion:No Opinion
Price:1.575
TN
17 Jan '17
An O&G analyst with 15 years experience agrees

This is well worth a listen, I hadn't heard this before - I think he outlines it as it really is. 4.29 onwards.

http://www.proactiveinvestors.co.uk/companies/stocktube/6001/wh-irelands-brendan-long-talks-hurricane-energy-parkmead-jersey-oil-gas-and-xcite-6001.html

They broke the cardinal E&P rule
Explore via equity
Produce with debt

They broke another
Don't ****h off your Institutional Investors when the quality II's walk away the only replacements you will find will just be seeking to rip your heads off before you try and turn them over.

His most telling comment is that the downside in oil and gas allowed them to make a graceful exit. i.e it gives them a handy excuse to sweep any other failings underneath the POO.

IMO although the EWT was a success being required was the start of the rot.

They could possibly have got around the disappointment re the reserves and sorted that out later as the EPS would have done the job. That was truly the first time that Rupert took on a financial commitment (Rowan Norway) without the means to pay for it - production licence. The bond just followed the WF loan but each time you are perceived to have screwed up the outfit coming in just apply more punitive terms i.e secured over the asset vs unsecured. Global having it written into the agreement that they can short - priors theoretically prohibited
 
honestbob
Posts: 1,172
Off Topic
Opinion:No Opinion
Price:1.575
Re cole
17 Jan '17
Why would you want to aggravate any one or play them like anything
MissAnthrope
Posts: 595
Off Topic
Opinion:No Opinion
Price:1.575
RE: RE: Cole..
17 Jan '17
It seems there will be no investigation of the rampers/ boiler room gang who infested the bulletin boards.
Surely , if they were posting allegedly genuine comments from the bod e.g. " the sp will quadruple,don`listen to bloggers listen to the board ( when the sp was collapsing), the posting of alleged e-mails and comments from advisers etc. they committed exactly the market abuse referred to below in the FSA warning, whether lies or truth?.
It`a all very well to say that people shouldn`t take notice of blather, however the FCA seem to think that posting such abuse can lead to " an unlimited fine".
A veritable industryb, was working on trying to convince punters of jam tomorrow, we at least know what their aliases were, someone also has their real details.




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