.

formerly it was arguably so, but as i wrote earlier, at some point risk/reward tilts the other way

Also the time period for the drill. We all know what happens with long periods with no news.

Could this finally be the bottom for AIM oil stocks?
Wednesday, June 22, 2011 at 8:32AM
Many of the most heavily owned oil and gas names in AIM have been decimated in the last 3 months. Xcite Energy, Chariot Oil and Gas, Encore to name a few.

Encore Oil's share rose 8.5 percent yesterday to 60p after director share buys totalling 263,000 shares at an average price of 56.5p. The shares have fallen from 140p on some mixed drilling news from the North Sea over the last couple of months.

Xcite Energy shares hit a low of 128p yesterday which on valuation grounds makes no sense. The core area of the Bentley field is estimated to be worth $1.35 billion or over 5 a share according to the official Reserves Report issued in May. The "hot money" has flowed out of XEL into the likes of Rockhopper, and undoubtedly it will return when news of DECC approval is obtained during the summer.

Some good buying opportunities out there for sure and I have topped up on Xcite and bought into Encore.

the above may cheer you up markymar ?

dreamcatcher XEL have a long way to go before i break even my 2 ISAs which cost 20,400 are sitting as i speak at 8,881p

Without going in to much detail as i sold the rest of the shares i held at a huge loss about 4 weeks a go and chucked every thing in to RKH which has gone up since.

RKH is in the middle of its flow test news i would like to think Friday or Monday.

Its the worst start i have ever had,its a matter of sitting tight with the ISAs till they start pumping the oil out.

RKH i pray for good news as i bloody need some XEL is worth on paper 3.50 its half price at moment.

Thats my winge over for today.

Good luck

Casting their eye across the North Sea players offering upside potential, the Morgan Stanley analysts plump for Valiant Petroleum (LON:VPP) and Xcite Energy (LON:XEL) as top picks.

Both companies offer attractive valuations combined with near-term production growth and potentially transformational exploration catalysts, they say.

The broker currently has an overweight stance on Xcite, with a 315 pence price target, and for Valiant, it rates the stock as over-weight with a price target of 765 pence

but XEL keeps falling... total disaster.

can't you read the writing on the wall?

How are these not going to be a 1 by the end of next week. At the moment only going one way.

Difficult to believe the prices of some of these stocks now......just ridiculous....some form of rebound has to come but when ?....I'm just stuck in here and if I have to wait for an autumn turnaround : so be it....

Crazy price

arguably so, but these are at best very twitchy times and there is no news imminent to encourage buying - therefore south the only direction for now

To me : looking like a great bargain at this price.....things will not always be so bad....

Quite so but how long.....3 month -6.... a take over.....when

XEL closed at 99p in Canada

out of pocket now......oh dear.,.

Same here. If it goes to 50p Im in

Bb
oh dear indeed.you seem rather flipant about losing money.and holding.
this is serious so wake up.
get real.stop hanging on to the losers.add to the winners.
sure it may rally from here but it should have been sold long ago.
just my opinion as always
regards
jkd

Looking interesting to even me now.

If it gets down to the 50p to 65p level come late July/August I might get tempted to buy back into XEL again.