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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

gibby - 16 May 2011 10:28 - 1654 of 3002

i sincerely hope not!

however considering a buy at <185 - but may wait as sentiment is against xel right now

gibby - 16 May 2011 10:46 - 1655 of 3002

should bounce from here!!

cynic - 16 May 2011 10:47 - 1656 of 3002

why?

gibby - 16 May 2011 11:25 - 1657 of 3002

analysis of l2

in profit now - roll on 195 / 200

gibby - 16 May 2011 11:27 - 1658 of 3002

btw - for at least the last hour most 'sells' were buys - stats skewed with false sells

additionally even according to the simple stats kept by lse, moneyam etc buys now exceeding sells - and lunchtime soon

gibby - 16 May 2011 11:29 - 1659 of 3002

l2 very strong right now

cynic - 16 May 2011 11:37 - 1660 of 3002

L2 gives a better indication, but as i often state, this is an MM-only stock so far too easily open to manipulation

gibby - 16 May 2011 11:46 - 1661 of 3002

agreed - kept my long term shares here but sold todays trade @ 194 - locked in small profit not huge but ok

if it hit sub 185 again prob another trade here today

long term more interested what will be revealed at agm - you could be right about the fr - either way will hang in here - at least they are not drill off the falklands!! thats worth 200p to xel on its own!!

Sequestor - 16 May 2011 12:49 - 1662 of 3002

false sells?

ROTFL!

gibby - 16 May 2011 13:10 - 1663 of 3002

seq - lol! this is very common you must know - where a buy is registered as a sell - very common practise - usually when a buy is achieved below the mid price - i know as have done this myself many times including today - if you are not aware of this then i am surprised - gl

cynic - 16 May 2011 13:14 - 1664 of 3002

gibby - you are of course absolutely right and there may even be a caveat to that effect on that page

hlyeo98 - 16 May 2011 13:32 - 1665 of 3002

It is crumbling. AVOID.

Balerboy - 16 May 2011 13:38 - 1666 of 3002

"Don't panic" buy buy buy

Sequestor - 16 May 2011 13:41 - 1667 of 3002

gibby
mam`s computer " guesses" whether its a buy or a sell depending which side of the
mid-price the trade shows up, there is no conspiracy-ask them.

Ther is no official buy/sell "registration", I thought you would have known that?

Sequestor - 16 May 2011 14:03 - 1668 of 3002

From mam help-----

It should be noted that all trade declarations made by the market do not include a buy or sell indicator and therefore we have to derive this information ourselves. The policy we have adopted is based on the mid price of the stock at the time of the declaration. For Example a trade declared at a price that is higher than the mid price at the time of declaration would be put in the buy column, a trade lower than the mid price would be put in the sell column. A trade which matches the mid price would be considered unknown. Please also note that the market can delay declaration of the trades for up to an hour in which case we will not make any assumptions and place that trade in UNknow column

markymar - 16 May 2011 16:47 - 1669 of 3002

I took some RKH shares off the shelf today to buy a few more of these as i think the price is far to cheap i hope am not wrong.

From iii

Listen up everyone.

I called Xcite Guilford office having not received a response to my e-mail.

I declared who I was to an American/Aussie sounding secretary. She siad she wold pass my call to Claire who takes care of investor relations.

Claires phone rang 4 or 5 times and she picked it up. I explained who I was and my concerns over the current SP and future of the business. Claire stated she was limited in what she was able to tell me and further explained that nobody else was available who could answer my questions.

A 10 minuted conversation has led to the following findings.

Mgt are currently working on a summary report (not a CPR) to explain the RR further and this will be published "sooner rather than later".

The directors "are extremely concerned" over the current SP and "surprised" at where we are so close to the beginning of the "ultimate goal Xcite was created to achieve."

She was not able to answer my question pertaining to management expectations - have they changed or not?

I said "let me rephrase that question" and asked "Is it likely that the report will further clarify managements expectations to shareholders?" She paused and said "yes". She DID NOT quantify if those expectations are up or down on previous but I think we can pretty much all take it to mean that the FSP for Bentley core was misunderstood and we are going to see significant upside to the current resources as the project develops. She agreed when I stated any fundraising at this level would be destructive and went on to say "management do not want this to happen."

We discussed the AGM where I joked with her about putting a tin hat on - She agreed and expects the AGM to be "interesting".

I feel better now and am swinging towards being confident in the respources remaining unchanged.

Hub is perhaps correct. Based on what Claire has revealed this could bounce quite sharply and soon. It does seems things have been hugely mis understood and shorted by the city who have taken great advantage of PI's who were looking for that big jump. It's been a self perpetuated fall.

Alll the best folks, I'M HOLDING AND RUDDY TIGHTLY TOO! Also looking at opening a small SB to take advantage of the fear on here.

Make of my call what you will but I am just as concerned as the next person. I'm curently 200k down across the accounts I control.

DiTra
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halifax - 16 May 2011 16:57 - 1670 of 3002

Marky the fact nobody else was available to answer questions speaks volumes.

hlyeo98 - 16 May 2011 17:08 - 1671 of 3002

I wouldn't put my faith on Claire.

cynic - 16 May 2011 17:21 - 1672 of 3002

i reckon 1653 may well prove to be accurate - we shall see

halifax - 16 May 2011 17:33 - 1673 of 3002

cynic they already have a standby facility of 100m in place to cover cost of first stage production.
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