.

It would be terrible if this was not a big success but it looks good to me...not an expert in oil so just guessing but the pay zones to me look incredible.....can this not flow now ?.....I would say it will but ?......

that's a real politician's answer, hedged as one would expect so that if there is disappointment they'll claim "strong buy" was always predicated by a successful flowtest

I was hoping for some views ......sp slipping up....I think that this will be a success...

Here we go again.....rising rapidly.....

here's a view for you ..... thanks to the rise over the last weeks, i was preposterously o'weight in these and banked the very very nice profit on 25% at 253 ..... that technically still leaves me with far too many on the books, but to repeat yet again - i find it very uncomfortable that this is an MM stock only and therefore one cannot have any idea of the order position ..... it is also patently obvious that there is a huge long position built up in these, so come the rateflow announcement, it is very likely indeed that sp will drop back, perhaps significantly, on the news regardless of the quality of it ..... if the news is ace, as we all hope and perhaps expect, just maybe sp will race on up again without the retrenchment ..... do i care that i (will) have missed out on some of that ..... emotionally yes, a bit, but the head tells me that i was absolutely right

Well done cynic.

But I am still in and looking for 500p to 600p levels on good flow tests. Obviously you believe not or you would not sell and say you do not expect a big rise.

But I do expect a big rise on good news and so still in :)

there is such a thing as prudence and plain stupidity and overweaning greed ..... guess into which category your mentality falls

just as a small piece of interest .....
there are 10 x MM but all bid/offer in lumps of 5,000 only - that is standard for this stock
at time of writing ....
bid prices range between 250 and 258
offer prices range between 260 and 266

so cynic do you think Pros estmimates (545) are pie in the sky or that we are in for retrenchment before we potentially see those levels? Your point does make me pause for thought...

if i was that bloody clever i wouldn't be sitting here!
however, almost without exception punters on BBs get over-excited and have crazy ideas about sp prospects - RKH was a classic where certain people (no finger pointing) were touting the prospect of AT LEAST 650/750p - and that was without breaking wind! ..... when i suggested 450 was more realistic (i have no technical knowledge and do no research!), i was roundly booed by said pundits .... i note that sp is currently 305

with regard to XEL, i have no idea at all what flow level is required to justify the current price, let alone 500/600 as touted by a certain person ..... my GUESS is that the current level is sustainable and just may be there is a further 50p to go for in the immediate future - but that always assumes the flowtest is the bees knees and without caveats

it follows that, imo, it is highly likely that sp will indeed retrench after the RNS, but at what level it will be at that time is anyone's guess

thanks cynic - opinion is appreciated! a watchful eye on this one then

Yes cynic, no finger pointing but certain people were proudly saying they sold RKH at 90p as it was too high.

Only to then buy back in higher and then proclaim they sold at 180p and it was too high, only to buy back in higher and proclaim to sell at 230p and it was too high, only to... well, it goes on and on and RKH went to 550p !!

You sold at 253p and you reckon there is 50p more in it, well, I will repost this post on good news and see how right, or wrong you are.......

Already its over 10p up on your 253p sell......

:)

The trouble is when people make wrong calls and sell too early into a rising price they simply say "whoops" later and toddle off.

If you make the wrong call and the price falls back rather than being sensible the people who often say "whoops" start posting all sorts of crap all the time about how they were right to sell early.

So I think its very right to remind the same people that they were so so wrong on the way with these shares and made the wrong call many times :)

For some reason they tend to think that them selling early and missing out is fine and ok, but someone else selling late and missing out is a serious crime........

LOL :)

As the saying goes "If you cannot stand the heat, then get out of the kitchen" and the same goes with stocks, if you cannot handle it, then sell early and take a small profit and toddle off.

If you can handle the heat then the rewards are potentially much greater, but so the risk is higher.

I can handle it.

Others can and some cannot.

On a good flow 2000 to 3000...this will rise...volume of oil in the ground would be large...

DANA had less than 190 million recoverable barrels. If the flow test is good, and given the thicker pay and near 100% gross to net, XEL could have over 200 million recoverable barrels.

Go figure.

banking a good profit can never ever be wrong .... clearly i have touched a very sensitive nerve as it's obviously a lesson you have never learnt ..... i can't remember whether or not i sold some RKH at 90 - quite possibly or even probably .... nor do or did i ever mind getting back in again if the game changes, and who cares if the price is then higher ..... it's a damn sight better than wringing one's hands because one COULD have sold at a whopping profit, but through unforeseen (they always are!) circumstances, all has crumbled away

and i should have added ....
nor biting the bullet (quickly!) when one gets it wrong

can i have a ringside seat at the boxing match pretty please......cyners v pro.....

Must admit i topped up this morning with a few more.,.