.

http://www.scotsman.com/the-scotsman/business/drilling-update-sees-smith-leaves-xcite-energy-on-a-high-note-1-2448301

http://www.investegate.co.uk/Article.aspx?id=201208080700055293J

Tick Tock

Something is cooking by the amount of volume today.
Break out from recent 75 / 79p trend

http://www.spreadbetmagazine.com/blog

Xcite Energy breaks out. SBM Adds to Conviction Buy position
Posted on Monday, August 20, 2012 at 12:15PM

After seemingly being stuck at 77p-78p for weeks with warrants due to be exercised, Xcite Energy has suddenly perked up with a 6% rise to 85p. There’s been plenty of rumours of farm-in’s with BP, Statoil etc and precious little news out from the company on the extended well test in the Bentley Field for over 2 weeks now…

Meanwhile, volume is picking up and something looks to be afoot perhaps? Where volume goes - price generally follows in the AIM oilers.

Take a look at the 2 charts below that illustrate clearly someone getting in this morning. Knowing how leaky the markets are, there is always a reason for such moves and, given the woeful fundamental undervaluation of the stock and the clear chart breakout that indicates a move to 120p we have added to our Conviction Buy position (called at 73p on the 5 Jul 2012) today.

quick snippet - mind yer eye in Xcite today - looks like some news is due with the early price action


http://www.spreadbetmagazine.com/blog/2012/8/22/quick-snippet-mind-yer-eye-in-xcite-today-looks-like-some-ne.html

Having a wee punt on these on the spreads, in at 89.9 target 120.0

Its a weird share this one, heavily messed about with?

.

She is moving up fast again a 4p spike so far

stop to entry for risk free trade.

Should be an update soon, its been 3 weeks since last one

Good to see it break the £1 mark

Tenuous rumour of Statoil taking an interest.

Breaking 100p almost just like that.
at the second attemp is holding well at around 105p

chuckles - 11 Jun 2012 19:47 - 2761 of 2832

Strong buy, bit of patience required

////////

SP in the 80s when I posted, ta da, drum roll.

Good volume so far today

Just pulled them out and dusted them off from the bottom draw. Been a long time this one. :-))

Press comment on XEL rise.

http://www.scotsman.com/business/markets-commodities-call-shots-in-the-city-1-2496016?__utma=159696636.1969776052.1334818458.1346275716.1346309587.10&__utmb=159696636.1.10.1346

Stop to 99.9 to lock in +10

Stop to 109.9 to lock in +20