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thanks for the comfort guys, though even my little brain knows it is flapping a bit for nothing .... interesting comment of yours Mr P re Canadian tax year, and of course the observation about low volume (and very wide individual MM spreads) I made myself yesterday ............ but i'm not brave enough to buy even more!

TSX is the baby partner in XEL's dual listing. The bulls discount the SP falls in Canada when it suits them and talk it up when it rises, quite funny really - remember SOLA's ADRs.

Would you rather be in XEL or AFR?

I hold XEL and looking to add AFR to my ISA but don't want too many risky plays [remainder of ISA are blue chip income generators and whilst not entirely risk free, i got lucky and sold BP before they tanked, they are slightly less risky].
so i am trying to decide if i can live with both or just stick to one? and Which one?
my other risky ISA plays are NYO, RMM, LLOY, & RBS[the latter two bought in the vain hope that the banking system will eventually sort it self out]
Alex

i happily hold both .... any oil stock carries inherent risk for all sorts of reasons ..... i suspect that AFR will be the steadier and it is certainly more open and liquid to trade than XEL

that said, your choice of NYO and RMM (in particular) are very strange indeed if risk causes concern ..... to my mind, i think it's a no-brainer - hold both AFR and XEL and dump either RMM and/or NYO ..... LLOY and RBS will both stay alive, but not a sector i view with any enthusiasm

extraordinary about turn ..... no news that i can see, but in less than say 30 minutes, sp jumps from 335 mid to 354 ...... naughty MMs!

Hmm, wondering if that's the gap filled, certainly got close to 320 early this morning. Difficult in thin markets to be sure, time will tell.

Closed up 9% in Canada, so not far away from 3.70 UK price.

The Canadians have stopped their year end tax selling, AIM holders have stopped their lemming like muppet selling, and the 1st trading day of New Year is now just a half trading day away.

Looking good..........

Nice :)

Happy New Year to all! Here is hoping that 2011 will be one to remember!!!

Yep, it should be for XEL holders, just like 2010 was :) !!

Dear Cynic, what dont you like about NYO ?

almost against my better judgement, i hold a very small stake - basically, NYO is too small for comfort so for me it falls firmly into "spivvy share" land

Well i am hoping for good news from NYO in 2011, spivvy shares can do very well, and some crash and burn.
GLA.

cynners - Reg:NYO. What utter tosh you do spout at times ! A spivvy stock ? .......lf you care to make a side bet via a reputable bank { sic } as to NYO delivering the goods you have found your man .......

gauntlet thrown to your feet cynic......how do you answer Sir.,.

go to NYO

Worth a read :

http://www.ibtimes.com/articles/96738/20110102/oil-natural-gas-crude-futures-2011-outlook.htm

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Nice Write Up :

http://contrarianinvestoruk.blogspot.com/2011/01/xcite-energy-should-prove-highly.html

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RNS Number : 8185Y

Xcite Energy Limited

04 January 2011

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES

TSX-V, LSE-AIM: XEL

31 December 2010

Xcite Energy Limited

("Xcite Energy" or the "Company")

Successful suspension of 9/3b-6z well and rig off hire on Bentley Field

The Company announces that the 9/3b-6z well has been successfully suspended for potential future use as a production well and the Ocean Nomad drilling rig is off hire from the Bentley field location.

In addition to the successful well flow test announced on 21 December 2010, high quality downhole pressure, temperature and sample data has been safely recovered following a 36 hour shut in and build up period after the flow test.

Analysis and interpretation of this data will now commence, with the intention to update the information in the February 2009 Competent Persons Report potentially enabling a reserves report to be issued in due course.

Xcite Energy would like to thank all the business partners that have played a part in the success of this transformational well for the Company.

Not long to wait for a new CPR and a "reserves report".

That will put the fire under the share price of XEL :) Bring it on......