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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

required field - 22 Nov 2010 08:59 - 682 of 3002

Cynic,...if they confirm a large amount of commercial oil....with a value in excess of a billion pounds.....is the sp going to drop ?...I would hope not...might be worth topping up.....I can see that the sp has slipped this morning....

required field - 22 Nov 2010 09:09 - 683 of 3002

Blimey...that was a sharp rebound...did not even have time for a top up........

cynic - 22 Nov 2010 09:14 - 684 of 3002

what rebound? ...... sp was 266/267 a second ago

required field - 22 Nov 2010 09:15 - 685 of 3002

was at 260 for a minute or so....then up to 269....

required field - 22 Nov 2010 09:18 - 686 of 3002

I spoke too soon.....volatile today....it seems....

Proselenes - 22 Nov 2010 10:03 - 687 of 3002

Operational problems - nothing major - however, flow test still expected to be complete around end of the month.

cynic - 22 Nov 2010 10:06 - 688 of 3002

in that respect you're right ..... meanwhile, not such a dumb move to have banked some profits!

Proselenes - 22 Nov 2010 10:08 - 689 of 3002

cynic, you banked at 253p and the price went up to 300p to sell.

Its still way over 253p - so its not a good move as yet....... its been a bad move as waiting 24 hours would have got you over 40p a share more.

cynic - 22 Nov 2010 10:08 - 690 of 3002

i did indeed, and also twice as many at 281, though still remain significantly o'weight in the stock

============

one way traffic here at the moment, and 240/245 not looking quite so fanciful

Proselenes - 22 Nov 2010 10:58 - 691 of 3002

Some panic selling today it seems, but makes an ideal top up point for buyers :)

Slight operational problem, nothing serious but pushes the flow test back a few days.

Expect it to start around Friday if not before is what the rumours say.

cynic - 22 Nov 2010 11:03 - 692 of 3002

with MMs controlling all, it's virtually impossible to determine the strength of the selling pressure ..... i'll certainly consider buying more if sp does indeed fall back to that 240/245 band, but shall be equally happy (or even happier) if there is a strong rebound before then

markymar - 22 Nov 2010 11:07 - 693 of 3002

Iv just jumped and bought a few more 3v1 may see a bounce....i hope

required field - 22 Nov 2010 11:29 - 694 of 3002

Ditto

Proselenes - 22 Nov 2010 14:12 - 695 of 3002

Well, results of the flow test will be around 1st of Dec now, all being well. Not very long to wait is it.......

halifax - 22 Nov 2010 14:31 - 696 of 3002

unfortunately delays always generate uncertainty.

Proselenes - 23 Nov 2010 00:19 - 697 of 3002

As Buffett says, when there is blood on the streets and everyone is selling, that is the time to be buying.

I did today as well :) This time next week the price will be up near 300p again awaiting results..... easy money.

cynic - 23 Nov 2010 07:19 - 698 of 3002

easy money is only easy money when it's been made with hindsight and has been put in the bank! ..... meanwhile, do not be surprised to see sp tumble again today

required field - 23 Nov 2010 08:07 - 699 of 3002

Why is this dropping like a stone ?....wish I waited a bit longer to buy a few more....

cynic - 23 Nov 2010 08:11 - 700 of 3002

doh! ..... read the news!!!! ..... try N/S Korea + Irish problems ...... just bought a few at 237, so fingers x'ed

required field - 23 Nov 2010 08:34 - 701 of 3002

239,244,254....for me in reverse.....if this is a success....those prices will look fab.....so far the pay zones and drilling have been great all the way through the campaign.....chances out of 10 for flowing....I 'd like to think about 7.5.....views welcome....
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