Xcite Energy (xel) opened up 10p first thing this morning on the Rowan Norway rig RNS. But it didnt last long as disapointment grew that the unlikely scenario of a takeover bid wasn't announced. It has moved as low as 368p to buy. I took the opportunity to sell a bit on the spike up and have been buying on this dip. Crazy that the price is down when a major milestone of a production rig being signed has been announced. The CPR is due any time. I'm sure the market makers are gratefully accepting those shares from the those selling below 370p! If there were buyers last week purely on a takeover rumour, they weren't very clever! Wait a couple of weeks, i'm sure holders will be rewarded with nice news,
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