.

thanks - yep didnt see this coming - was a good day - most of today's good work gone in here unless it bounces beyond 226p for me here - then ok! hope you doing good elsewhere

wow as i wrote that gone into auction - defo bouncing

got it wrong twice here today - 3rd time correct - bouncing!! and put most in third time!! come on 226!!!! and beyond (one hopes!)

sellers going away - shorters closing

just another 3p to break even - a minor miracle!! lol

Well, glad I sold all some time ago at 350p to 400p levels :)

I did the right thing cynic, sold the lot for a big profit and stayed out ever since then.


This from the Sector Watcher over at FT.COM

.................
[It] doesnt look awfully good. Third party consultants TRACS have come up with 2P reserves estimates for the Bentley heavy oilfield of 28m barrels recoverable, with a further contingent resource on a best estimate basis of 87m barrels, i.e. a total of 115m barrels. Previously XEL had been talking about ultimate recoverable reserves of 160m barrels of oil on a P50 basis, ie almost 40% higher, with a P10 estimate of 235m barrels. TRACS have also provided estimated valuations for the reserves which look quite punchy $396m for the 2P case and an additional $961m for the contingent resource, translating into $14/bbl and $11/bbl respectively. These have been done on an NPV10% basis, which I think is too high for a heavy oil development in the North Sea. Typically we would assume an NPV of $11/bbl at a 10% discount rate and $7.5/bbl at 15%. In other words, even if I allow for the entire contingent resource (which is debatable), Id only get to the current market cap using the lower number. Given the risks inherent in heavy oil developments, Id be an outright seller of this.............

prose - well done on getting out at 350 - i did similar levels and lower - never should have got back in today - didnt think it through! out now @ 224 small loss which thankfully gained back = a little more at pace - which is now underperform - hold at best imo


interesting paragraph to take heed of

glad i put my profit into blvn and COV and not into this one for time being.,.

despite being smacked very hard today, i've also almost certainly made plenty here, as i have on the markets in general over the last couple of years ..... on the other hand, and no side intended, i'm glad i'm out of FI stocks; at least XEL looks as though it's got a proven commercial field

if it gets back to 250 might get out altogether.,.

what is it you tell us.......................bank profits.,.

you can sit on the naughty step and think about what you've done!!.,.

i do indeed, and also to cut losses

AOTFS again!
7p spread suggests possible bear squeeze but don't bet on it

this is looking good all of a sudden.,.

it is isnt it!

i must be mad - back in 235!!!

if it tanks i deserve it - doing ok so far though -;

be nice to climb back to around 300 again!!! what a day that would be - l2 looking good

nice to see 250p back.,.

Cynics committed harry carry as he would be in profit again.,.

oh dear - i thought he had been quiet just now!

watching closely here now - pretty standard stuff - must remind myself not to be too greedy!!!