.

Do we really care....we all have our goals in life....most on here to make dosh, theres a few who miss the boat or jump ship too soon............lol wonder who i'm refering to...sorry rf.,.

"You have to believe in the company, if you do not you are just a like a virus who jumps into hot stocks and jumps out if they can make a bit of money before anything risky comes along. If you trade like that with no understanding or care about how the company performs it means your opinions are worth nothing, you are simply a trader who cares only about their own profit or loss"

Thats me summed up then because in my experience " understanding or care" in companies in which i choose to invest in has never put money into my pocket, seriously. No room for sentiment in this game i`m afraid.

only a damn fool does not care whether his shares make a profit or loss ..... if you don't buy shares to make money, what the hell do you buy them for? ..... and never should it be forgotten (as many do) that a profit has only been made when it's in the bank ..... buying and selling shares is merely a reflection of one's choices, risk profile (personality) and ultimately one's pain threshold

I purchased at 20p to make a profit on good news with a good flow test.

The flow test news is now not far away, I can wait.

Traders are like parasites, they cling on to moving bodies but are unable to do it on their own..............

you do talk a load of bollocks ..... what is the difference between an investor and a trader? ..... as i asked above, if you aren't buying stocks and shares to make money, what the hell are you buying any for? .... you happen to want to hang onto shares for grim death, regardless of anything .... for myself, i take rather more of a risk by using CFDs as my mode of investment

personally, i'ld much rather be deemed a parasite by a worm, and to sleep easy at nights and to take prudent profits and/or to cut losses than to risk being wiped out as has nearly happened to me a couple of times over many years, all brought about by stupidity and greed

PROS - did the work for you .... i bought my first small batch in march 2010 (see post 140)

"whore's drawers" stock today ..... MMs playing silly buggers (usual caveat proven!) with sp currently 268/274 - ridiculous!

.

This is also what I heard on the Jungle Drums.

From Offshore Hero on iii.

-------------

All in my opinion and complete guesswork.

Right so I was in the pub early this morning - a special knock on the window get you in at an early time.
Sat at my usual seat and over heard the barman say the following to another regular offshore hero.

Pumps are nice and clean and oily. To get this they had to initially flow chemicals into the reservoir which gave a return flow of heavy crude oil through the electrical submersible pumps = success!! Understand what Im saying hear ladies & gentleman??

Now waiting on a big boat coming which is already en route to do the extended flow test, yeah the one that takes 36 hrs. flow this big boat with some heavy crude, which as we know is already flowing!! and bobs yer oily flowing uncle we have an RNS.

What will they need this big boat for? well they aren't flaring it off so they need to put it somewhere while they measure the pressure and how long they can sustain the flow rate for, this boat wont be big enough for what we have, but it is enough to give us a stonking rns he says.

Right time to leave this pub its already 11am and I am steaming.

OH

On line limits say they want sells...... demand is strong.


MAX buy = 5K @ 273.85p

MAX sell = 38K @ 270.55p

cynic, you sold at 253p and you have now missed out on another 17p a share you could have got.

All that missed profit......... why did you sell so early ?

that's quite interesting though i suspect if i placed an order for 10k or even 20k i'ld still get them ..... every MM (10) for this stock always shows lots of just 5k for either bid or offer

(a) i don't care - (b) it's lots of money in the bank - (c) it leaves me some room to top up again if i so desire - (d) i don't have prescient hindsight!

RNS Number : 3600W
Xcite Energy Limited
17 November 2010

?
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES

TSX-V, LSE-AIM: XEL

17 November 2010
Xcite Energy Limited
("Xcite Energy" or the "Company")

Letter of Intent for "Rowan Norway" N-Class Jack-up Rig

Xcite Energy is pleased to announce that its 100% subsidiary, Xcite Energy
Resources Limited ("XER"), has entered into a binding letter of intent ("LOI")
with British American Offshore Limited ("BAOL"), part of Rowan Companies, Inc.
for the N-Class "Rowan Norway", a harsh environment, deep water jack-up unit,
designed and built for simultaneous drilling and production, which is currently
under construction.

The LOI anticipates that XER and BAOL will enter into a definitive agreement
("Agreement") for the rig by 15 December 2010, following which the Rowan Norway
is expected to be available to commence the first stage production ("FSP") on
the Bentley field in the fourth quarter of 2011. The LOI provides for a
termination fee of US$2.5 million payable by XER in the event it does not enter
into the Agreement by this date. The initial commitment period of 240 days will
facilitate the drilling of up to six wells on the Bentley field as part of the
anticipated three year FSP.

At the time of signing the Agreement, XER will be required to demonstrate
financial capability for the first 120 days of the contract commitment in the
amount of US$30 million. In addition, XER will be required to demonstrate
financial capability for the second 120 days of the contract commitment in the
amount of US$30 million by 31 January 2011. XER may reduce the initial
commitment period to 120 days, in which event it will be required to demonstrate
additional financial capability of US$3.6 million for this 120 day period.

As noted in the Company's press release dated 8 November 2010, "9/3b-6z Well
Update", the testing of the horizontal section is progressing on plan and on
schedule, with the test expected to be completed by the end of November.

Richard Smith, Xcite Energy Chief Executive Officer commented:

"This is another significant event for the Company which, following the
anticipated successful completion of the current 9/3b-6 well test programme,
would enable us to move forward and plan the first stage production programme on
the Bentley field. This drilling unit has been designed with good capabilities
and flexibility in mind and we are pleased to be working with Rowan for this
vital phase of the Bentley development programme."

cynic, you could have sold the lot for 279p there and made an extra 26p per share over your 253p sale.

Why did you rush to sell ?

Its all "lost profits" - real ones, not paper ones..........

silly billy! ..... just because i sold some does not mean i have lost confidence in the company .... had that been the case, i would have sold a lot more or even all ..... however, as even you in your rose-tinted glasses should be aware, the market has a nasty habit of sandbagging us all from time to time .... individual companies can of course get an even worse battering - try VOG, CNT, ROK and RKH for starters, of if you're old enough, how about ARM; there's a multitude of others too

Surely you must appreciate you have made your point Prose; but in doing so have given more weight to the much overused maxim/cliche' that trading with hindsight is the easiest and most rewarding way to trade. ,,,a veritable road to riches . ..But unfortunately it doesnt quite work like that. ....lts all too easy to say after the fact ...Would you still be bleating the same mantra had XEL retracted a little.( as it did last week from 258 to 232 .. l think not. ,,,,,,,,,,,,,,,Anyway i am sure Cynners knows his OWN personal financial circumstances and risk tolerance a lot better than you or l ; and will not lose sleep having already crystalized a tidy profit ......You are quite correct,however, in stipulating that mms are currently looking for sellers as opposed to buyers.........and in antipaton of what ? ...i think you know the answer to that only to well.......and good luck to you et al .......

hi TFC ..... enjoyed Acchiardo, but there's another in somewhat similar quirky vein called Memere, though it lacks the pretty waitress with whom to flirt! ..... had an excellent meal too at Boccaccio, though of course in price that is a totally different league! .... have you been La Marende in recent times?

by the way, avoid Beau Rivage Hotel like the plague ..... apart from the fact that it's rather tatty and assuredly not 4*, i had a lot of money stolen from my room .... i still await the management to phone me about it

all going bonkers again ..... one would like to think that someone somewhere has an inside line, but of course it could just be lemmings chasing lemmings

ironically Acchiardo got an awful write up in the times recently/ i was somewhat taken aback as i used to dine their a lot and always enjoyed it. / and wondered perhaps if it had changed hands of late . But good to hear you enjoyed as it is reknowned in equal measure for high standard of cuisine, but- alas- also for being quite pricey. Bad news reg. theft of monies from hotel room . Nothing taints a holiday or soujourn in a place as much as being harrassed by the natives of the old town except having money taken from your own room !! ....Unfortunately Nice not only attracts the super wealthy but some right bizzarre eccentric or criminal types But if you are still in Nice try L'univers De C. Plumail...is M*d but without the need for an overdraft to pay the bill . Cant comment on Memere as have never dined there- but its title is somewhat indicative of fare ....( as cooked by ones mother :-) ...) Also relatively cheap in a town with a wealth of good restaurants is Le Chantecler and Le Bistro d'Antoine ..and for ice cream it has to be Fenocchio Glacier . .....,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,lncidentally are you still in Nice or home now ? ....