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Xcite Energy Share Chat (XEL)



Share Price: 9.75Bid: 9.51Ask: 10.00Change: 1.50 (+18.18%)Riser - Xcite Energy
Spread: 0.49Spread as %: 5.15%Open: 8.00High: 9.75Low: 7.50Yesterday’s Close: 8.25


Share Discussion for Xcite Energy


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bonker99
Posts: 26,232
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.00
RE: RE: COSL/CNOOC upheavals.
19 Jun '16
Correct re the tax mate imo.

The Chinese are certainly picking up plenty of MXO at the mo ;)
 
ethanhunt
Posts: 610
Off Topic
Opinion:No Opinion
Price:8.00
RE: 8p
19 Jun '16
And what if it goes bust mate . What will we get in a fire sale
mald
Posts: 289
Off Topic
Opinion:No Opinion
Price:8.00
RE: COSL/CNOOC upheavals.
19 Jun '16
Not sure the government is worried who should get the oil out, so long as they get their tax take.
Don't look in that direction [the government] for salvation.
My past experience with Chinese investment in circumstances like these, they take the f ing lot.
Come tomorrow I shall try a dummy sale to see if anyone is mad enough to buy the last of my holding.
Not sure what I will do if there is.
highlandsbull
Posts: 4,621
Observation
Opinion:No Opinion
Price:8.00
RE: COSL/CNOOC upheavals..
19 Jun '16
One might JBond/HMG and filter thru to OGA should know more about internal China politics/business and possible far flung effect on projects such as UK North Sea aspirations and Bentley, important to UKinc but far removed from Beijing issues and their immediate concerns re heads of several major state companies.
bonker99
Posts: 26,232
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.00
RE: 8p
19 Jun '16
The Man is the money guy(s) mate as always - you'll know who they are this year imo ...

No point blaming Rupes, he's simply not in control as The Man works to his own timescale and has to unwind his other positions before reversing the cycle and scooping up plays like this for comedy money ...

Don't try and trade it cos that's not what you do well - what you do well is sit and hold and NOW is the time to play to your own strengths - buy/add/hold at single digits and come back in 3-4 years with triple-digit oil as I've suggested this past week or so and XEL netting $50+pb and work out your targets from there ...

Those big 3-4 year $110 options are going in right now ...
highlandsbull
Posts: 4,621
Observation
Opinion:No Opinion
Price:8.00
RE: COSL/CNOOC upheavals..
19 Jun '16
Perhaps RC needs to make a further trip to Beijing, meet the new guy, if any hope of renewal of interest in Bentley, no doubt the local office was told to hold fire on everything.. shame.

www.offshoreenergytoday.com/new-boss-takes-helm-at-cnooc/
highlandsbull
Posts: 4,621
Observation
Opinion:No Opinion
Price:8.00
COSL/CNOOC upheavals..
19 Jun '16
some more on the management changes ongoing at both companies sure to be having an impact, probably unfairly in the case of the XEL project, and decision making there.

www.offshoreenergytoday.com/cosl-names-new-boss/
highlandsbull
Posts: 4,621
Observation
Opinion:No Opinion
Price:8.00
RE: Wipeout ahead?? Sell now??
19 Jun '16
they deserve it with this calibre of mismanagement, $450m spent, m/c $40 or less, and a supposedly $2.5bn asset, at this rate they will become a business school textbook case of incompetence, all in the time space of seven years or thereabouts.

But actually not entirely true about the company status imo, after Bondholders dispose of Bentley a rump will be left, no doubt still populated by the dream team of RC, SK, and AF, for anyone interested in further investment..
ceilingcat
Posts: 2,176
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.00
RE: Wipeout ahead?? Sell now??
18 Jun '16
With the PIK interest, additional interest payments and 1% fee the bondholders are now owed about $150 million.
Viper1
Posts: 34
Off Topic
Opinion:No Opinion
Price:8.00
View Thread (3)
Looking of your shoulder
18 Jun '16
Beat Up Investor on II writes

"I'm sure RC won't get away Scot free like he thinks ! Imagine always having to look over your shoulder the rest of your life ! Not for me ! Not for all the dirty money in the world !
Xcite possibly the biggest AIM scam of all time !"

I think I might get some of my monies back if I put up a boxing ring at the AGM and charge a few quid for the main event. wink wink etc etc.




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