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Xcite Energy Share Chat (XEL)



Share Price: 30.75Bid: 30.00Ask: 30.75Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.75Spread as %: 2.50%Open: 30.00High: 31.00Low: 29.50Yesterday’s Close: 30.75


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marthasson
Posts: 4,024
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24mins later
19 Feb '15
oil back over $58.42.......does that mean momentum has turned ?
 
Rowman_Oohmwrels
Posts: 325
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Price:31.00
Article from January
19 Feb '15
Mentions Statoil plans and problems associated with heavy oil

http://forargyll.com/2015/01/why-north-sea-is-crisis-for-uk/
marthasson
Posts: 4,024
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haha
19 Feb '15
support was at 33.......it just didn't have enough substance.........thats a fact !! :-)
MarkESmith
Posts: 400
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RE: $58.42 support gone
19 Feb '15
What a delightful word 'meme' is, not one I've seen that often. That meme came from the poster ugiebear early this morning I think. It seems to be a topic that invariably rears its head from time to time. Personally I'd take it, like most rumours, with a pinch of salt. If it were true one would expect to see much higher volumes and a huge increase in posting activity. Statoil has a huge workload ahead, massive commitments and as has been said already, we can't wait for them. If they really were interested I'm sure they would have either bought us or farmed into Bentley by now. Maybe one day when everything is up and running they will be more interested?
SPKiller
Posts: 877
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RE: SP
19 Feb '15
Thanks for clearing that up!! lol

I thought I had already said it was a guess. Anyway, we'll see. Do you mind if I call you "martha the tiger", always ready to pounce.

Who was it that said support here was at 33p?

I don't think you pounced on them Martha?
marthasson
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SP
19 Feb '15
momentum is not fact its sentiment and can easily turn the other way.......its swings and roundabouts
SPKiller
Posts: 877
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RE: $58.42 support gone
19 Feb '15
Hello Mark,

Perhaps yes. But I'll predict a fall. It's a flip of a coin but I get the feeling the trading range will be more like $54-57.

Guess work though. I hope you're right.

Interesting all this talk of takeovers.... why did that meme suddenly appear today? Seems I'm not the only one with a wheel :)
SPKiller
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RE: don't get it
19 Feb '15
Yes Marthasson, momentum. And data from the US.

Sorry if I present it as fact, it is of course a guess.
MarkESmith
Posts: 400
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Price:31.25
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RE: $58.42 support gone
19 Feb '15
Good afternoon SPKiller. Yes I'm a little surprised by the momentum of the oil price weakness over the past 48 hours. As I type Brent is currently a shade below $58. I suppose once we get the official US stockpile numbers we may see something of a technical bounce? Sell the fear, buy the news? We'll see.
NSOil
Posts: 54
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Price:31.25
Statoil
19 Feb '15
A comment was made by Cole at the AGM last year in response to a question that suggested it would have been a number of years before anything would take place at Bentley following any farm out with Statoil. I got the impression from it that Bentley might have been placed in the queue after Mariner or Bressay. Definitely a good idea to move on from the farm out in that event. Agree with the view that FDP would probably have to be approved before Statoil would consider a takeover - possibly the type of value in the FDP Cole has referred to rather than having to wait until first oil. The only takeover discussions I could possibly see at this stage would be regarding a low ball offer based on difficult market conditions - perhaps revisit the £2 Statoil were rumoured to have offered.





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