Xcite Energy Share News (XEL)

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London afternoon: Triple digit rise for Footsie

Tue, 04th Jan 2011 14:31

Bid speculation is adding froth to a London stock market already playing catch-up with European and US markets that posted strong gains yesterday.Oil giant BPis boosted by reports that rival Shell looked into making a bid for the company in the wake of last year's Gulf of Mexico oil spill, which sent BP's share price plummeting. The higher oil price is also good news for oil stocks. Silver miner Fresnillo, meanwhile, is wanted on the return of rumours that Miexican business magnate Carlos Slim is running the rule over the company prior to launching a bid. Gold miner Randgold Resources is a rare faller, however, as investors lose their appetite for gold's haven qualities. Banks are strong led by Royal Bank of Scotland, which has been given a boost by Exane BNP Paribas upgrading the stock to its 'outperform' rating. Barclays and Lloyds are also going well.In company news, no frills airline easyJet is to exercise its option to take delivery of 15 Airbus A320 aircraft between 2012 and 2014. It has agreed new options over a further 33 A320 aircraft, while 20 of the A319 aircraft which easyJet had contracted to acquire from Airbus have been converted into orders for A320 aircraft.Cairn Energy has agreed a contract to tie-up two drilling vessels for its 2011 exploration programme offshore Greenland. Subject to approval from the government of Greenland, Cairn intends to drill up to four wells in 2011. Cairn has also entered into a stand-by secured revolving debt facility of $900m that will also provide funding for general corporate purposes. Desire Petroleum crashed again as it confirmed drilling at its 25/5-1 well on the Dawn/Jacinta prospect in the North Falkland Basin has reached target depth but failed to find any oil.The rig will now move to Rockhopper Exploration which will drill "one or two wells", subject to regulatory approval, before returning to Desire to drill a well at a location still to be finalised and subject to regulatory approval.Construction and engineering group Costain has been awarded a highways contract by Neath Port Talbot County Borough Council. The £59m contract is to construct 4.5 kilometres of dual carriageway access road from the M4 Junction 38 into Port Talbot and the docks, as well as completing the link to Junction 42 on the M4 and West Wales.Bid target Blacks Leisure saw strong underlying trading through December, with like-for-like sales in its Outdoor stores up by over 10%, though last year's retrenchment meant sales fell overall.Chemring, the military decoy flares and mine detection firm, said its US subsidiary, Non-Intrusive Inspection Technology (NITEK), has won a $38.4m contract from the US Army. Trading during the fourth quarter has been "buoyant" at software solutions developer Delcam which now predicts 2010 profits will top forecasts. Both software licence and maintenance sales for the last three months of the year, typically the group's most active trading period, were ahead of management expectations across all the major markets in Europe, Asia and North America.North Sea oilfields operator Xcite Energy said its 9/3b-6z well on the Bentley field has been successfully suspended for potential future use as a production well.Oil and gas firm President Petroleum saw its share price take a dip after an update on its drilling operations in Louisiana, USA and South Australia.Trading during the fourth quarter has been "buoyant" at software solutions developer Delcam which now predicts 2010 profits will top forecasts.

More News

6 May 2014 10:21

CORRECT: UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

(Correcting AstraZeneca made its statement on Tuesday.) LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Persimmon, up 3

6 May 2014 10:19

UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Persimmon, up 3.6%, and Barratt Developments, up 1.8%. The h

6 May 2014 07:58

Xcite Energy Starts Collaboration Deal With Statoil And Shell

LONDON (Alliance News) - Xcite Energy Ltd Tuesday said it has started a collaboration agreement with Statoil Ltd and Shell UK Ltd, part of Royal Dutch Shell PLC, to share technical and operational information in order for potential joint operations at the Bentley and Bressay fields in UK North Se

14 Apr 2014 09:31

Xcite Extends Equity Line Facility With Esousa

LONDON (Alliance News) - Xcite Energy Ltd Monday said it has extended the term of its existing equity line facility agreement with Esousa Holdings LLC by three years until July 30, 2017 on the same terms and conditions. There is an undrawn facility amount of GBP30.8 million, which can be us

9 Apr 2014 09:35

Xcite Energy Signs MOU For Bentley Oil Field

LONDON (Alliance News) - Xcite Energy Ltd Wednesday said its subsidiary Xcite Energy Resources Ltd has entered into a Memorandum of Understanding with AMEC Group Ltd and Ove Arup & Partners Ltd, which sets out the principles of co-operation for the design and development of Arup's self-installing

7 Apr 2014 08:21

Xcite Energy upgrades facilities at Bentley field

North Sea-focused Xcite Energy has entered into a memorandum of understanding with Teekay Shipping Norway for the supply of a bridge linked Sevan floating storage and offloading (FSO) facility for the life of its flagship Bentley field. AIM-listed Xcite said that the bridge linked Sevan FSO offers

7 Apr 2014 07:30

Xcite Energy Unit In Deal To Build Facility For North Sea Oil Field

LONDON (Alliance News) - Xcite Energy Ltd Monday said its Xcite Energy Resources Ltd subsidiary has signed a memorandum of understanding with Teekay Shipping Norway AS setting out principles of co-operation for the supply of a bridge linked Sevan floating storage and offloading facility for the l

27 Mar 2014 13:48

UK MIDDAY BRIEFING: Regulators Confirm UK Energy Market Review

LONDON (Alliance News) - UK regulators have now confirmed they will investigate whether the country's major energy companies are preventing effective competition in the market, a decision that prompted British Gas parent Centrica to warn that the review could delay crucial investments in new i

27 Mar 2014 13:01

UK WINNERS & LOSERS: Babcock, Tullow Oil Lead Blue-Chip Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

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FTSE 100 - WINNERS

Old Mutual, up 0.5%. The group has agreed to sell Skandia Germany and S

27 Mar 2014 12:19

Xcite Energy Swings To Profit, Improves Balance Sheet, But Shares Slide Further

LONDON (Alliance News) - Xcite Energy Ltd Thursday said it swung to a profit in 2013, stemmed its cash outflows, and will select its preferred partners for its undeveloped oil field in the North Sea this year. The company reported a net profit of GBP6.6 million for 2013, compared with a GBP

26 Feb 2014 11:46

Xcite Energy Updates Reserves Data At The Bentley Field

LONDON (Alliance News) - Xcite Energy Ltd Wednesday updated its reserves data for its undeveloped Bentley Field in the UK North Sea following an independent study by AGR TRACS International Ltd. The oil appraisal and development company said its proven oil reserves based on a 35 year produc

3 Feb 2014 10:58

Xcite Energy Promotes Andrew Fairclough to CFO Role

LONDON (Alliance News) - Xcite Energy Ltd Monday said it has appointed Andrew Fairclough as its chief financial officer with immediate effect, meaning he will take over responsibility for financing strategy from former CFO and current Chief executive Rupert Cole. Fairclough, 44, joined the

24 Jan 2014 10:06

UK BROKER RATING CHANGES: Four Brokers Cut Pearson Price Target

LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:
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FTSE 100
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KEPLER CHEUVREUX STARTS BP WITH 'BUY' - PRICE TARGET 545 PENCE
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KEPLER CHEUVREUX STARTS BG GROUP WITH 'HOLD

24 Jan 2014 08:35

Friday broker round-up UPDATE

Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera

30 Dec 2013 14:17

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Xcite Energy Share News (XEL)

London afternoon: Triple digit rise for Footsie

CORRECT: UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

UK WINNERS & LOSERS: Balfour Beatty Drops 18% On Profit Warning

Xcite Energy Starts Collaboration Deal With Statoil And Shell

Xcite Extends Equity Line Facility With Esousa

Xcite Energy Signs MOU For Bentley Oil Field

Xcite Energy upgrades facilities at Bentley field

Xcite Energy Unit In Deal To Build Facility For North Sea Oil Field

UK MIDDAY BRIEFING: Regulators Confirm UK Energy Market Review

UK WINNERS & LOSERS: Babcock, Tullow Oil Lead Blue-Chip Fallers

Xcite Energy Swings To Profit, Improves Balance Sheet, But Shares Slide Further

Xcite Energy Updates Reserves Data At The Bentley Field

Xcite Energy Promotes Andrew Fairclough to CFO Role

UK BROKER RATING CHANGES: Four Brokers Cut Pearson Price Target

Friday broker round-up UPDATE

Xcite Energy Secures Refinancing With USD80 Million In Unsecured Loan Notes

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Xcite Energy Share News (XEL)

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