UK 20:06 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 rapture that has greeted Xcite Energy’s (XEL) announcement this morning is not too surprising. Release an RNS mentioning Shell and Statoil in the headline and this is bound to get a lot of people salivating at the prospect of that long waited for, yet ever illusive, takeover/farm in. The 20% jump in Xcite’s share price, in the first hour or so of trading, confirms the appetite that still remains for this recently beleaguered stock. But is this enthusiasm misplaced?
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