Xtract Energy - looking for oil in shale. Feasible and cost effective? Anyone in these at present?

MMs are trying to make an ordely market and not to push it to fast up as there are sellers of the recent placing @ 1.25p

up 9.43% nice and slow

26 million v 4million

ANOTHER STRONG PERFORMANCE THIS MORNING

only 10am and already 17 Million share traded

Very strong day up 24.5%

http://www.proactiveinvestors.co.uk/companies/news/34442/mondays-most-followed-bowleven-desire-petroleum-rockhopper-exploration-g4s-xtract-energy-nautical-petroleum-34442.html

Another company with exposure to North Sea, Xtract Energy (LON:XTR), was one of the most actively discussed UK stocks on bulletin boards, owing to todays 30 percent jump in the share price to 1.88 pence, valuing the business at 28.4 million.

It was speculated that the company was due to release an update with some investors saying that many of the companys investments have the potential to cause a re-rating of Xtracts shares. Others said that the markets are starting to rate Xtract as an oil company and not merely an investment business.

Demand for shares in Xtract could be driven by excitement over Xtracts upcoming drilling campaign in the North Sea.

Back in September, Xtract said it would focus on its North Sea projects, where it plans to drill two wells in Denmark and the Netherlands in the final quarter of the year. The North Sea assets are held by Xtracts subsidiary Elko Energy.

Statoil bid $4.4 billion for Austin-based Brigham Exploration (NasdaqGS: BEXP - news) Shale is starting to get a lot of interest by the big boys.

REACHED EARLIER 2.025P

so far volume of 16m at 9.30am so it looks like we will beat yesterday's of 17m by 10 am

this one keeps coming up on my radar - think i might be a bit late to join the party here!!!

No your not gibby. This could be very big in time.

after almost all buying during 1 1/2 hours and 7M buys, finally have moved up at both sides
Most likley there was a seller and will be a large delayed trade later

---------------
spread 1.95 / 1.98

level 2 of 1 v 2

The volume is not the same as the last past days and MMs are reluctant to move the price higher today, so after such a large rise I decided to take profits at this price, I was in from 1.13p so a 73% return on 8 days or 6 trading days is good enough for me.

The share price has gone well over the Higher Bollinger BAND ( considered as selling sign ) also the Indicator RSI is at overbought

very well done so far as the price has fallen to 1.75 / 1.80p

so buyers are moving in again

Kept mine, big recovery at the end of the trade day, lets hope for 2p soon.

Text book tree shake

1:16 pm by Sergei Balashov

http://www.proactiveinvestors.co.uk/companies/news/34549/wednesday



Investors following Niche noted that another company with oil and gas assets in Turkey, Xtract Energy (LON:XTR), has shot up from 1.25 pence to nearly 2 pence over the past few days.

dreamcatcher
re - Text book tree shake

Do not kid yourself, anything with large rise on a week or so, has its retracement days, and now is still going on.

Everyone has its own strategies naturally but nowdays with a market so volatile and economy in such a disarray, any decent profit one has to take it, there will be more oportunities to buy it cheaper on the very near future.

Everything I said yesterday is coming into reality now, do not forget that those that wanted to get in at higher prices and now buying so can bounce back a bit but the trend is now down short term, till makes full RETRACEMENT, the best is 67.8% and could bounce back after 50%.


Good luck as you said (kept mine ) I most likely will buy again so look for this space if you think like many of my followers my "TIMING" is pretty good. ( kidding )

Niche ( NGP ) is doing well again today, bought some as the volume was rising on the 7th @ 2.475p but it was down the next day, but now rising with volume so looks right, but is also very volatile so soon will be right for profit taking at this rate.

Good advice mm, Very difficult for me when I work to trade them. Did not aim to say you had done the wrong thing. I would sell them and news would come through while at work and not get back in. Lets hope this becomes a very good share to have.
Good luck mm.

Put back yesterdays drop, steady buying.

holding the 11% rise