UK 20:07 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.
Two weeks ago, my colleague Red Evans wrote this speculative piece wondering whether or not Xcite Energy (XEL) stood to lose everything as a result of the Wood Review into North Sea Oil. At the time, I thought Red’s conclusion missed the point of Xcite’s recent shift in strategy. The company clearly laid out a new plan for developing Bentley and the signs in April suggest it means to carry this out. And quickly.
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Comments
N.Murphy
Sounds to me like a case of “jam tomorrow”.
I was reading the forums and people are speculating that the main business being carried out seems the production not of crude but of RNSs!
Having looked at the timeline and what was being claimed 1,2,3,4 years ago, I think I’ll go with GKP instead.
Ben Turney
It could prove to be N.Murphy, but I still like the new approach. I especially like that it appears to be happening.
You could be right about GKP though. That is another of the big favourites I’ve tended to shy away from, but am looking at seriously now