Xcite Energy Share Discussion Threads

[11_percent] 16/10/2016 16:44

Multibaggerr.

Not yet.

[11_percent] 16/10/2016 14:43

A lot of peeps made a load of cash on the way down.

What happened to Yom.

[cyan] 16/10/2016 14:40

I will call carla1 'it' in future. lol

[11_percent] 16/10/2016 14:38

How do you carla is a he.

[11_percent] 16/10/2016 14:33

The last post was bit of a laugh.

Let's see how many shares we have, and then what price they settle at.

[cyan] 16/10/2016 14:29

I think carla1 is an unreliable price predictor . Was saying XEL was a 50 bagger when the share price was 2p lol;

Another example of fantasy numbers;

carla1 30 Sep '16 - 16:58 - 60479 of 60598 0 0

There is a GAP to close at 8-9p !!
Then who wants 250m B/oil for £200m...
Cheaper than a wildcat Drill...
Loads will want to book those reserves !!!
Bids are IMMINENT !!! 20-30p share !!
=================================================================================

At 5p his possible ten bagger equates to XEL being worth over £1 Billion.

ummmmm

[11_percent] 16/10/2016 14:16

I am with Carla, if this goes to 0.5p, then you have a possible 10 bagger.

[cyan] 16/10/2016 14:09

"cowboys" ? The bondholders are going to be GIVEN around 20 Billion and , imo, they will want to offload ASAP.

[cyan] 16/10/2016 14:05

I know nothing about Turbines and as for individual 'personalities' that counts for little if the finance is not there.

[11_percent] 16/10/2016 14:04

Getting diverted.

It is about the number off shares the Cowboys get, and how much they pay for them.

This is basic share price

They will then go on to multiply that figure by 10.,

As I say, the currrrent share price reflects this.

[11_percent] 16/10/2016 13:59

Ok, but might have been approached.

Perth is a disaster, high H2S.

What about the turbines and JD.

[cyan] 16/10/2016 13:57

"Have you heard go TC and PMG."

I presume that is a reference to Tom Cross at Parkmead Group (PMG).

He has his own problems with the PERTH heavy oil field development, also going no-where fast. His csah resources are puny.

Imo he is irrelevant to XEL's future

[11_percent] 16/10/2016 13:45

Why do you think JD came on board.

[11_percent] 16/10/2016 13:13

Have a look in the lock-up garage, in the lane, behind the Aberdeen Queens Gardens office.

That's where RC stashed the turbines.

AIMO, DYOR.

[cyan] 16/10/2016 12:50

"They are being paid."

Not sure what that infers.

Any way; on this line i will comment;

"It has always been logical, for STL to develop Bressey and Bently together,"

I re-post my LSE comments below. Bressay is going nowhere;

Been researching more of XEL's history. I know plenty have issues with Share Prophets but there were articles which were spot on regarding the risks management took.
These warnings go back 30 months.

The comments regarding Statoil and their putting heavy oil BRESSAY project on ice & cancelling a rig order are not encouraging .
I doubt Statoil are going to be falling over themselves to 'buy' XEL for anything other than peanuts.


published 31.03.14
extract;

"Statoil, like any sensible oil company will only have so much appetite for any particular venture before its strategic risk committee forces them to diversify capital allocation elsewhere. The mothballing of the Bressay project appears to quantify Statoil’s appetite for heavy oil rather succinctly.
From here it is clear that exterior developments during the past 6 months have seen Xcite’s fortunes take a dramatic turn for the worse, and Xcite now seems destined to find itself at the mercy of the vultures. If Xcite fails to integrate into the basin quickly, it appears it and its shareholders could eventually lose everything. "


published 16.06.14
extract;

"However, what remains clear is that CEO Rupert Cole and his fellow directors have exhausted the market’s goodwill towards them. They now either must deliver or this stock faces Armageddon."

hxxp://www.offshoreenergytoday.com/statoil-drops-bressay-platform-order-at-daewoo/

published 28.07.16

[11_percent] 16/10/2016 12:31

They are being paid.

The share price at the moment reflects the fact there will be a YES vote, and the future vale the Cowboys will realise.

AIMmO, DYOR.

[cyan] 16/10/2016 12:25

Just looked across at Shareprophets who have an article on XEL.

The author there appears to have similar feelings as I;

Xcite Energy PLC: Still more than twice Overvalued at 1.5p

[11_percent] 16/10/2016 12:18

The BHs are loded, and can support this.

When I say "going concern". I am talking about, at most, 2 guys in a small office. The running cost being small.

It has always been logical, for STL to develop Bressey and Bently together, but can not see the Cowboys giving it away.

[cyan] 16/10/2016 12:09

I agree "yes" is the most likely outcome.

The clue that the BH's are looking for a fast exit and NOT keep pouring cash into an expensive waiting game is the facility; "UP TO" $10 million.

My reading of that is that is the maximum extra cash they will sink in XEL.

A deal, almost any deal, has to be done in the time that cash gives the company.

Malcy phrased it along the lines of practically being given to Statoil.

Imo those BH's are going to have take a serious haircut.

[11_percent] 16/10/2016 12:01

My gut feel is that "yes" will win, but not certain.

When (if) the BHs take over they would be crazy not to run it as a going concern.
Put in new management, and just wait for the oil price to recover.

I have been slagging this share off for years, but if it does go to 0.5p and is a " going concern" then I will buy a few.

Let's see what happens.

[cyan] 16/10/2016 11:52

Good afternoon 11_percent.

Yes, am on LSE as cyan2. I would have liked just 'cyan' again but that was taken.

Harsh? Not in my opinion. This share has a lot further to fall and ZERO is not off the table yet if 'no' wins.

We know the company itself values the assets at somewhere below £120 million from their RNS.

Post dilution , imo, this share will trade at sub 0.5p.

XEL has to fall into the arms of Statoil.. What is the alternative?
Keep paying the failed managements inflated wages and hope something turns up? Waiting for something to turn up has not worked very well so far.

XEL is now a money pit simply burning cash.
BH's have provided 'up to' $10 million to keep the lights on. After that XEL is no longer a going concern imo