Trades and observations from a British contrarian stock investor

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Thursday, January 13, 2011

The tension is killing me on Xcite Energy

Sorry not much to blog about this morning.  So here's a ramble.

Still no RNS from Xcite Energy (XEL). Shares flat as a pancake this morning. A few hours and they'll be presenting at oilbarrel. com conference in London but of course they can't reveal any market sensitive information. So will there a RNS later this morning? If not we will have to have one tomorrow on the rig at the very least and hopefully a lot more. Perhaps the resources upgrade is so massive that the board couldn't get out of bed with their hang overs from the celebration party??!!

Put a few more in my ISA yesterday on the minor price drop. Now a case of watching and waiting.

p.s. Frustrated I can't be at Oilbarrel because of a meeting. Groan!
Posted by Contrarian Investor UK at 8:17 AM
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