- 22 Oct 2009 11:14
- 20 Jan 2010 07:43
- 75 of 3002
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
- 20 Jan 2010 08:28
- 76 of 3002
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plenty of other stocks with far wider spreads....the drilling is going to happen very soon so the article above seems outdated to say the least !.
- 20 Jan 2010 09:38
- 77 of 3002
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
- 20 Jan 2010 09:52
- 78 of 3002
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.
- 20 Jan 2010 12:45
- 79 of 3002
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
- 20 Jan 2010 15:20
- 80 of 3002
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.
- 21 Jan 2010 00:22
- 81 of 3002
As I said, people were moaning about the spread at 10p, 20p, 30p, 40p and now in the 50p levels.
The same people have missed out on 500% gain, 200% gain, 75% gain etc...
All said and done lots of people know this share has another 500% in it to rise, however they do not want to buy now they want to wait for drill results and fund raising and then get a risk free 100%. Thats why they post the way they do.
Me, I am happy to take the risk and go for another 500%, on top of the 200% already in the bag :)
- 22 Jan 2010 16:04
- 82 of 3002
Good thing I sold the other day. XEL has moved down today to 51p.
- 23 Jan 2010 21:01
- 83 of 3002
bought at 5.35 10-11-08. sold at 33 29-04-09.
am going to "dip my bread in again"
think there might be some more to be had.
- 24 Jan 2010 12:48
- 84 of 3002
If they confirm the find a second time with this next well : 150p at least !.
- 24 Jan 2010 23:55
- 85 of 3002
Yes, 125p to 150p range would be about right until funding was sorted and then upwards to say 250p levels after that with the plans for development being released.
- 25 Jan 2010 17:47
- 86 of 3002
XEL is starting to show weakness. 48p now.
- 25 Jan 2010 23:53
- 87 of 3002
Consolidation after the recent rises thats all. Nothing goes up in a straight line and my holdings are still well over 100% in profit and for this one, I am not selling.
Greed for the upside :)
- 27 Jan 2010 23:16
- 88 of 3002
12% rise in Canada last night, so might be blue for XEL in London too later.
- 28 Jan 2010 05:15
- 89 of 3002
london is bound to open strong (indicating +58) to very strong today, and even TLW my regain some ground! ..... strong in NY followed by big bounce (i think) in F/E ....... question is whether or not the gains can be held
- 28 Jan 2010 07:16
- 90 of 3002
Nice news :
TSX-V, LSE-AIM: XEL
Xcite Energy Limited
("Xcite Energy" or the "Company")
January 28, 2010
Supply and Offtake Agreement with
BP Oil International Limited
Xcite Energy, a developer of heavy oil assets in the UK North Sea, today announces that Xcite Energy Resources Limited ("XER"), the 100% subsidiary of the Company and the 100% owner of the Bentley field, has concluded an agreement with BP Oil International Limited ("BPOI"), a wholly owned subsidiary of BP plc ("BP"), whereby BPOI will provide the offtake services to market and sell the Bentley crude oil in return for an incentive-based fee per barrel.
The offtake fee is directly related to the realised price achieved by BPOI for the Bentley crude oil in relation to the prevailing Brent crude price, incentivising BPOI to maximise the price per barrel achieved for XER by minimising the discount to Brent crude.
In addition, BPOI have undertaken that, subject to certain conditions, when Xcite Energy move to full field development, an associated BP company will procure $20m of financing from a commercial bank for Xcite Energy with credit support from BP, for the purpose of assisting with the full field development of the Bentley field, the terms of which will be negotiated in due course.
Richard Smith, Xcite Energy Chief Executive Officer commented:
"We are delighted to welcome BP Oil International as our offtake partner in the Bentley field. This is a relationship that brings the global resources and expertise of the BP oil trading organisation to manage the marketing and selling of the Bentley crude, together with assistance in financing the work programme as we move towards first oil on the field. This is another watershed for the Company, which underpins the value of Bentley crude through field life and significantly progresses the plan for development."
- 28 Jan 2010 07:17
- 91 of 3002
can't harm sp ...... where is Bentley (too lazy to look) as i note big incentives to develop shetlands fields
- 28 Jan 2010 11:41
- 92 of 3002
Parked next to the Rolls...!......in the North sea not the Shetlands.
- 28 Jan 2010 13:05
- 93 of 3002
I bought a few in mid December , story looks good and today's announcement seems to confirm things are on track.
Onwards and upwards , 80p first target.
- 28 Jan 2010 13:15
- 94 of 3002
My final target is 500p to 700p a share.
So fingers crossed in 18 months time or so :) with a good wind and good fortune and luck with the drill bit.