.

Shares tip...one of the plays of the week....

The Arbuthnot Nov 09 note on XEL :


http://www.xcite-energy.com/docs/FINAL%20XciteEnergy271109.pdf


.

Nearly 1 C$ a share in Canada. Closed up 5% at 0.98.

Tick tock.

L2 solid blue.

Now 4 v 2 @ 55/59

ARBT/LIBC/FOXY/CANA all

WINS/SCAP offering

XEL is getting boring...will sell it now.

http://www.oilbarrel.com/oilbarrel_forums.html


18th February 2010
9.30 am - 1.30 pm

The Brewery, Chiswell Street, London EC1Y 4SD

Presenting companies include:

Resaca Exploitation Inc
Dominion Petroleum Ltd
Serica Energy Plc
Chariot Oil and Gas Ltd
Xcite Energy Ltd
DVM International Ltd
For further details please contact Mary Smith at conference[at]oilbarrel.com

Due to overwhelming demand for places at recent conferences we regret that anybody who does not register prior to the event will not be allowed admittance on the day.

due to underwhelming excitement about XEL in the City, you may not miss much!

cynic, if the test well which spuds in a few weeks turns out well, you might find the city clambering over itself to try to get into XEL.

Such is life.............patience is the virtue.

i shall be more than happy to climb in after the event if it's warranted ...... there'll still be plenty of money to be made at far less risk

currently stupidly wide spread (52-55.5), with MMs only offering in batches of 5,000 maximum, and wowee!!!! - a huge volume today of 16,500 shares

Strong again today, I expect continued buying into the spudding of this well. The result could mean quite a strong re-rating for Xcite.

I agree with cynic...the spread does not make it attractive at all.

Yes, but people were saying that at 10p, 20p, 30p, 40p and now at 50p levels.

Tipped in The Times


NEWSPAPER SHARE TIPS (19 JAN 2010):

Newspaper Company Stance Price

The Times Bunzl Buy 639.5p
The Times Asos Hold on 434.5p
The Times Xcite Energy This is worth a punt 56p

http://business.timesonline.co.uk/tol/business/markets/article6993043.ece

From The Times

January 19, 2010

Expect more deals as ‘boring’ Bunzl returns to takeover fray

Nick Hasell: Tempus

RECOMMEND?

Boring it may be, but Bunzl — the distributor of carrier bags, plastic cutlery, protective masks and thousands of other disposable items for gro..............

...........Xcite Energy

Viscous oil need not mean a sluggish share price. Ask Xcite Energy, the AIM-listed explorer that owns the licence to Bentley, one of the North Sea’s biggest undeveloped fields of heavier-grade oil. Its shares rose more than 16-fold last year, making Xcite one of the best half-dozen performers in the London stock market. The oddity is that, on most measures, they still look inexpensive.

The company is best considered a lower-risk developer rather than a wildcat explorer. Conoco discovered Bentley in 1977 but was looking for lighter oil and moved on. However, subsequent improvements in extraction technology and a persistently high oil price have made the field commercially feasible. On independent estimates of 160 million barrels of contingent resources, Xcite ranks as the third-biggest North Sea independent, behind Premier Oil and Dana Petroleum. Critically, at its present stock market value, Xcite is valued at less than $0.50 a barrel, against a peer-group average of between $2 and $3 a barrel.

The difficulty is that Xcite still needs to drill an additional well if it is to meet its target of first oil by summer next year, suggesting that a $40 million fundraising is required. Further, rather than “farming out” the field to an oil major, Xcite, run by former Conoco executives, is pursuing a partnership approach, a common model elsewhere in the world but unusual for the North Sea.

However, the presence of Statoil, of Norway, near by raises the prospect of shared costs — or an eventual bid. At 56p, this is worth a punt.

a major prob of buying XEL is that it is an MM stock only, and thus almost impossible to get decent deals .... further, MMs only offer in lots of 5k max, which is pretty dire

You buy the stock : it goes up : you reap the profit....all this spread talk ....what 4p !.....there are plenty of other stocks with far wider spreads....the drilling is going to happen very soon so the article above seems outdated to say the least !.

pretty simplistic view to say the least ...... other expenses apart, it means sp has to rise +/-8% before you're even level pegging ..... at the other end the scale, something like RIO (about 35.00) usually has a spread of about 1p and is very readily traded

Ridiculous comparison....RIO is 35 or so....the spread is 3.5p and many a time you will do better than that if buying or selling.

but not in XEL! ..... comparison was made to show the loony spread in XEL, which is totally controlled by 4 x MM and no on e else .... i could just easily have taken RBS at +/-34p where the spread is a fraction of a penny ..... or are you going to tell me that is a ridiculous comparison too, for no specified reason

The crazy spreads are on the sub 10p shares : there are quite a few around like three quarters of a penny on VIY the other day....to me the spread on XEL is not bad.