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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

cynic - 08 Jul 2011 13:12 - 2110 of 3002

unsure of fair value for this one, but given that it's friday and sp has rocketed of late, substantial profit-taking is no real surprise - but are you brave enough to buy?

dreamcatcher - 08 Jul 2011 13:16 - 2111 of 3002

A long wait till the drill. Will the sp rise in the mean time or fall, who knows.

required field - 08 Jul 2011 13:17 - 2112 of 3002

EK is shorting this, but I'm not sure about this either way but have some for the long term view, tucked away, though nowhere near as many as last year....

DD5 - 08 Jul 2011 13:23 - 2113 of 3002

hmm! Think i am going to take a risk on it. Thanks for your comments ;)

dreamcatcher - 08 Jul 2011 13:26 - 2114 of 3002

In the long term the sp could be 10+ could be 2/3 years off. adyor

skinny - 08 Jul 2011 13:37 - 2115 of 3002

In auction. -11.2%

dreamcatcher - 08 Jul 2011 13:45 - 2116 of 3002

I suppose the sp will act like this over the next few months. A good positive climb then a retrace.

required field - 08 Jul 2011 13:46 - 2117 of 3002

Just decided to go long....overdone this drop....

dreamcatcher - 08 Jul 2011 13:49 - 2118 of 3002

Did not think the sp would retrace so much. Lets hope then for a good climb.

required field - 08 Jul 2011 13:51 - 2119 of 3002

Volatile, that's for sure....might steady out just above 200p at some stage...

dreamcatcher - 08 Jul 2011 13:53 - 2120 of 3002

lets hope.

required field - 08 Jul 2011 13:54 - 2121 of 3002

Just the sort of company with this single asset that could be taken over by Centrica or Norwegian Statoil at some stage.....perhaps 250 to 350 pence per share perhaps more as this is at a proven stage just waiting to be developed...

dreamcatcher - 08 Jul 2011 13:58 - 2122 of 3002

I am no expert. If Statoil are interested, what is holding them off. Would they get the company now at a reduced rate?

dreamcatcher - 08 Jul 2011 14:01 - 2123 of 3002

Or a farm in?

required field - 08 Jul 2011 14:02 - 2124 of 3002

I'm convinced that we shall see a 400p price tag on XEL once again, if you were going to buy this then somewhere between now and the end of the year would be the time to pounce....after that the company would probably turn any offer down as too close to production and the buyout would have to be much...much..higher....

dreamcatcher - 08 Jul 2011 14:05 - 2125 of 3002

I still wonder if they are looking for a major partner.

required field - 08 Jul 2011 14:07 - 2126 of 3002

I think that BP are involved with some sort of talks with them.....an offer might come from them....who knows ?...

dreamcatcher - 08 Jul 2011 14:09 - 2127 of 3002

Is 4 not cheap for a takeover ?

dreamcatcher - 08 Jul 2011 14:10 - 2128 of 3002

I was thinking of 7-10 don't laugh.

required field - 08 Jul 2011 14:11 - 2129 of 3002

You have to be realistic......loads of buying now so a rebound back above 200p is on the cards (I hope)...
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