.

that`s better L2 is good, maybe we are off?

seq - looks like your short gone wrong

need to read the markets

seq - as i said earlier easy dough hear so simple

Mr S did not have the balls to short, and nor i suspect, has he bought

Stong rebound.....15p profit for anybody who got in 175p...just now..

i don't think you could ever buy at 175, but 180 was certainly available

Shot up.....197p.....blimey...

xmas come early dudes!! you know it makes sense!!

gibby do try to stop being a repetitive bore.

Good rise, as they say buy on the rumour sell on the news, or in this case sell after the AGM?

Good to see it bounce double the buys v sells

i suspect it's just some bear covering ahead of AGM ..... reaction following that may be interesting

The AGM is the key for now, if that loony who (allegedly) saw a 300% rise in the share price is allowed to comment along those lines again, the price will plummet, investors don`t like slicks.

Doing really well now.

Filing of Material Change Report

very confident xel & looking fwd to the agm either way

Mr S .... who/when was that?

At an oilywhatsit meeting a few weeks back, a director told several people that he couldn`t guarantee a ten bagger agan, but trebling was on the cards, it was on AFN so it must be true-lol- the price then was about 350p from memory

fucking idiot! ..... mind you, i haven't bothered with oilbarrel for a couple of years now as i quickly came to the conclusion that it was just a platform for company self-promotion

PS - i assume abuse of (mis)directors is permitted!

Oh its thoroughly encouraged dear boy, I reckon the clown must have knocked a quid off the share price when the muppets realised it was BS, but they believed him for a while

lol

Downgrade from Numis, snippet below, more on the link :

http://ftalphaville.ft.com/blog/2011/05/17/570841/markets-live/

.............Risky relative to other E+Ps. We think Xcite is a riskier proposition than many other E+P stocks. With the RAR now passed, there is a substantial length of time until the next catalyst (first oil from the FSP, 4Q11) and continued uncertainty on the fields
ultimately recoverable resource, in our view.

Valuation. That said, in the meantime we think Xcites share price will be underpinned
by a healthy 28mmbbl reserve base, and the stock remains inexpensive at just 0.57
times NAV versus the E+P peer group at 0.78 times. Our target price has moved from
453p to 225p, and with 17% upside to this target we move our recommendation from
Buy to Add..............

Pro must be wanting the price to go lower so he can buy back in.