Xcite Energy Share Discussion Threads

[gunsofmarscapone] 11/10/2016 10:07

we can conserve capital and make some decisions why not take advantage of the Oil price plunge? I have over the last 12 months!

The next extrinsic risk is though, hydrocarbon alternatives and the forthcoming end of the petroleum age. Its just a question of 'when' but I think there should be a few project sanctions and 2-3 decades of useful sales left at least.

[gunsofmarscapone] 11/10/2016 09:44

Not much point in me harping on as I only traded XEL between mid Nov 2010 and Feb 2011.

The point I am trying to offer is that this is a hugely complex and risky business with the ever present (as we all observed) geopolitical risk of Brent/Wti pricing. The tote tank debacle was pumped up by XEL in many presentations and improperly understood by the PI's including myself although not influencing my opinion that there was hyping and emotion going on which has a utility function in my approach to trading.

After the flow test and in the 21/12/2010 rns summary by your beloved CEO at the time the following statement was burped at the market.


Richard Smith, Chief Executive Officer of Xcite Energy, commented:
"This is an outstanding outcome for the Xcite team and for the industry contractors to deliver this successful well test on Bentley. This flow test fully demonstrates the commercial potential of the Bentley field and the long-held belief that Xcite has maintained in this major North Sea asset. We now move on to the first stage production planned for 2011 with an excellent platform."

You couldnt make it up! But yet they actually did.

My overview is that each has there own approach to puntvestment, mine is "Watch and wait, Smash and grab, Cut and Run", concurrent to incremental drip buying of equities where I think I have a grasp of the fundamentals and where, preferably, better minds or companies have conducted a professional standard of due diligence. Many PI's have achieved a good standard of knowledge re O and G but have been hurt by the recent P.o.o hit and are unable to commit to new investment even given huge leverage by sub $50 oil price. Understandable really but if

[shareho1der] 11/10/2016 09:40

I DID said that 4years ago but people called me a deramper. You can check my posting history on XEL.

[11_percent] 11/10/2016 09:11

You should have been saying that 3 years ago.

[gunsofmarscapone] 11/10/2016 09:07

Sharehol1der your point of view has a very high probability of being the final outcome however,buy to the sound of cannons, sell to the sound of trumpets etc.

The main point is not veing suckered in to the pointless tote tank flow test hype which only occurred due to a broken coupling, an EWT was always going to be REQUIRED by the DECC and as it panned out, was MASSIVELY expensive.

That is what crucified XEL but a resurrection could happen, if not then its cheerio to £500.

[shareho1der] 11/10/2016 07:54

The bondholders will eventually steal this company and left the current shareholders with nothing. I will not advice anyone to put their hard earned money in this.

[ricardoskull] 10/10/2016 14:14

At last you admit what you are carla. LOL

[cyan] 10/10/2016 11:29

Looks like carla1 must have dumped, if he ever held.

[netley lucas] 08/10/2016 01:45

Waterloo

“I will not condemn our people, I am not frightened of them, and I am not ashamed of them. No one will ever make me say our supporters are scum”

Reg Burr

[netley lucas] 08/10/2016 01:39

There's a Girl in the Corner (Robert Smith version)



hic!

[cyan] 07/10/2016 20:24

Best of luck GOM. I see the shares at sub 0.5p after dilution personally. Of course that's if a 'yes' vote. If 'no' its zero.

Look like the penny has dropped with carla1

[cyan] 06/10/2016 08:03

Work it out

Yes, the company itself have done that you ramping buffoon;


The clue to what the company values itself at can be found in this extract from the rns;

"The directors understand that should shareholders not support the Proposed Restructuring at the Shareholder EGM, the Bondholders intend to pursue enforcement action against the Company. On the basis of advice received by the Company and the directors, the directors believe that such enforcement action is unlikely to result in the return of any value to the Company's existing shareholders."

Unlikely there will be a surplus after paying off debts.

So approximately 0.5p per share max 'value' after the enormous dilution .

However one has to wonder if there will be enough to fully pay off the BH's?.

Its all about what the assets can be sold for. The management do not appear overly optimistic.

[carla1] 06/10/2016 07:33

Good morning fellow investors...The resident TROLL is still operating and so worried about our investments . Monitoring here constantly but not holding equity...Work it out

[cyan] 05/10/2016 21:52

GOM Have you viewed this interview?

[carla1] 05/10/2016 19:01

Short term a 10 bagger !!

[shash2] 05/10/2016 18:09

Brilliant Carla what price you expecting ?

[rojer108] 05/10/2016 18:05

This is great news carla

[carla1] 05/10/2016 16:02

Good Afternoon fellow INVESTORS...

A bit of profit taking and the RE-RATING will Continue...

All ABOARD to MULTI-BAG !!

[rojer108] 05/10/2016 13:13

Carla. When is it gonna blow?

[ricardoskull] 05/10/2016 08:36

When will it be £12?? Or is that for the entire company?

[glenbo1] 04/10/2016 10:51

This is going sub 1pA better punt would be IRG very undervalued