Trades and observations from a British contrarian stock investor

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Tuesday, January 18, 2011

Xcite not that exciting this week

Xcite energy (XEL) is stubbornly stuck at a bid of 355p with a wide spread. Market makers not encouraging trades for now with price bouncing off this support. Given it's the 18th of January and deadline for rig signing is end of the month, news can't be far away. But nevertheless pretty dull. At least Sirius Minerals is still moving up with a director share purchase RNS today to 19p.
Posted by Contrarian Investor UK at 11:25 AM
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