UK 19:04 Saturday, 17 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The more I’ve looked at Xcite Energy (XEL) recently the more I’ve liked this stock. Last week, I wrote an initial positive response to the company’s AGM presentation. Since then, I’ve watched the share price bump along around the 70p mark. Ideally I am hoping for a sub-65p entry level, but I might be pushing my luck with this. Notwithstanding a market wide retreat, it looks like a base is forming, as investors digest details of the company’s new strategy to commercialise Bentley.
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Comments
Harish Subramaniam
I love your sense of humour. Of course you are not being serious; the one thing buying XEL is more likely to do than anything else is lose you money. The entry point for me is 35p.
Don Diamante
Too early to get excited, in my opinion.
cheers
DD
Fi
Who is “Red Evans”?
Ben Turney
@harish – out of interest, why 35p? – I’m genuinely interested
@Don – yes maybe, which is why I am happy to start averaging in
@Fi – a contributor here
Fi
Thank you for the information. You need to be more specific as I can report him to the directors for negative comments he has made. It is not allowed to make negative comments. This is called “market abuse”. The company is under relentless attack by shorters derampers marketmakers liars and other criminals which is why the share price is below £10. If you have any more knowledge you better come clean and tell me what you know. I warn you I am not easily fooled. I am well known on ADVFN.
Simon SeIf
> I am well known on ADVFN.
Would you like us to inform these people what it is that you are well known for, Fiona? :-)
investor2010
Fi, you are quite wrong to say negative comments are not allowed!! You seem to believe only ramps are allowed. In fact, fair comment, positive and negative, is fully lawful, and is not market abuse. You seem to inhabit a legal twilight zone, where BoD statements (eg in the quarterly results in December 2013) that the farm-out negotiations are proceeding well, are OK – despite the fact the farm-out was not proceeding well – but anyone who noticed that and commented it is guilty of “market abuse”!
Ben Turney
@Fi – I am sorry to say, but that is an absolutely ridiculous thing to say. Of course negative commentary is allowed and Red’s piece (even though I didn’t agree with it) was speculative. If you are seriously suggesting that it is Red’s fault where the share price is, you need to think again.
Also Xcite at £10?!!!!
Although I remain bullish on the medium term prospects, that is an extremely ambitious target.
@investor2010 – I need to go back and read those comments. If what you say is accurate, I plan to write about that.