2881 days ago
Happy Christmas One and all. This podcast follows on from A-E HERE, F-J HERE, K-O HERE and P to T HERE. Okay I cheat a bit here but with these letters it is tough but, inter alia, I cover: the USM, Uramin - my old pal Jim Mellon's company, United Cacao (CHOC), Worthington (WRN), the three Ex's , Xcite Energy (XEL), Xtract Resources (CTR), Yolo Leisure (YOLO), Zeus Capital and the late lamented Gable (GAH)
2944 days ago
I am even more angry than I was on Monday. Those who have caused this are in no particular order: Reach4Entertainment (R4E), my selfish and lazy ex wife, Roger Lawson, Wishbone Gold (WSBN), Belfort Securities and whoever is responsible for the League Cup quarter final draw, I also cover in detail Avocet Mining (AVM), IGAS, Magnolia Petroloeum (MAGP) and XCite Energy (XEL)
2959 days ago
It is red faces for Sir Richard Branson and for uber pious Richard Reed of Innocent as app firm Sup goes bust but the whole story is just so hilarious, a message on the stupidity of man and his inability to learn from his errors you will wet yourselves. The nature of the demise of this company is the highlight of my week and it will be yours too. Elsewhere I look at Telit Communications (TCM), Ambrian (AMBR), Aureus Energy (AUE) - I await your apologetic update Jo Hart - XCite (XEL) and Gulf Keystone (GKP).
2974 days ago
Well you cannot say that you were not warned. Another day and another former darling of the Bulletin Boards goes up in smoke. XCite Energy (XEL) has given us details of its restructuring. Ou
2990 days ago
Happy birthday Lucian, it looks as if my son is hanging on to avoid joint parties in the future. Theresa May has a new idea on tackling fraud. Suffice to say what she proposes will damage industry and Britain PLC. I have another suggestion - enforce existing rules. Mrs May fails to understand the psyche of most fraudsters but also how useless the fraud busting agencies of the state are. I then move onto bad news for my good friend Jim Mellon at his latest AIM Disaster, Billing Services (BILL), then I cover XCite Energy (XEL) and read throughs at IGAS and Iofina (IOF). 88 Energy (88E), China fraud Zibao (ZBO) and the smelly business at Feedback (FDBK)
2991 days ago
We warned you often enough. When companies have no revenue, are burning cash, have no cash and are drowning in debt, things are not going to end well for shareholders. On the back of an RNS today, mug punters have taken such an almighty rogering that I hear that in Bulletin Board Moron land the shops have already run out of vaseline. So here is a ShareProphets translation service of that RNS (our words in bold).
2999 days ago
In a while I must go asremble a cot. It won't be like a cot of old but is bound to have 85 parts, six types of screw, an Allan Key and instructions designed for a Nobel Prize winner. It is like a heroic task from Greek mythology and I expect to be in a bad mood soon. So for that reason and one other I record early. On the agenda: Cloudtag (CTAG), Gulf Keystone (GKP), Pantheon Resources (PANR), 88 Energy (88E), Vipera (VIP), XCite Energy (XEL) and Strat Aero (AERO) and only en passant the fraudsters at African Potash (AFPO). This podcast is long and detailed.
3020 days ago
Great news - may father is back home from hospital so I head back up to Warwickshire in a couple of days. Thereafter between him and the Mrs entering the final month it will be less of me, Steve Moore is in charge. Bash him if anything goes wrong. In today's podcast I look at City of London (CIN), IGAS (IGAS), XCite Energy (XEL), Wishbone Gold (WSBN), Nyota (NYO) and West African Minerals (WAFM).
3024 days ago
Firstly I have a problem with my box set of "The Omen" and ask for your help. I then discuss in light of today's three legal scoops with documents falling into my paws ( Strat Aero - HERE, Iofina - HERE and Golden Saint Resources - HERE) the 3Xs who help investigative journalists do their job and my encounters with all three on Quindell and other cases. At a company level I look at: Card factory (CARD), Iofina (IOF), Noricum Gold (NMG), Avanti Communications (AVN) and xCite Energy (XEL) and i also discuss why Cloudtag (CTAG) shareholders are like a swarm of wasps and what that means.
3025 days ago
This is my fifth attempt to record a bearcast. I am plagued by idle thieving scousers and that included Doc Holiday today and by a delivery man - is that the Omen Box set or something the Mrs has ordered? I discuss the poisonous legacy of debt Mark Carney leaves everywhere then Nyota (NYO), Trafalgar New Homes (TRAF), Billing Services (BILL) - tough luck my old pal Jim Mellon another debacle - Strat Aero (AER) and XCite Energy (XEL) and than a useless factoid on "The Omen."
3038 days ago
I start with the bad news for whoever owns Fred Olsen. I think look at Octagonal (OCT), Blur (BLUR), much ramped Keras Resources (KRS), XCite Energy (XEL), Magnolia Petroleum (MAGP), 88 Energy (88E), Highlands Natural Resources (HNR), Sareum (SAR) and then a joke IPO called Widecells (WDC), which listed yesterday and is now the subject of a ramp. Feel the stem cells. No actually don't. Just sell.
3039 days ago
I am challenged to comment on Cenkos (CNKS) as an investment in light of todays news on its role in the Quindell fraud (HERE). Okay, I do my best. Then it is on to Techfinancials (TECH), Advanced Oncotherapy (AVO) and some friendly advice for Malcolm Stacey, Gulf Keystone (GKP), XCite Energy (XEL) and then I end with Avanti Communications (AVN) where I hope you understand the historical analogy.
3059 days ago
It seems that Dallas Cowboys News likes my tweets on the matter of its cheerleaders so I talk about them again. Then I move on to ECR Minerals (ECR), Servision (SEV) and the spivs at Belfort Securities, Gulf Keystone (GKP), Rose Petroleum (ROSE), Clarkson (CKSN), XCite Energy (XEL) and TrakM8 (TRAK)
3073 days ago
I am not writing much today as I am 100% fecked off with everyone especially Ben Turney, Jason Drummond and lyin' George Osborne. Instead I finished my olive pruning. I think I am going to quit writing and become a full time olive pruner. I discuss Teathers Financial (TEA), the Brexit vote, Photo-Me (PHTM), Chemring (CHG), Churchill Mining (CHL), xCite Energy (XEL) and dog spreadbetting waste of space London Capital (LCG)
3076 days ago
I am back in from the fields where I have been labouring in 40 degree plus heat. Today I offer a few thoughts on Circassia (CIR) and the risks folks just dont seem to appreciate of a) biotech and b) backing stock selections of star fund managers, in this case Neil Woodford - who incidentally is clearly a very talented chap. I look at Gulf Keystone (GKP), XCite Energy (XEL), China Frauds and then in some detail at Blur (BLUR). For further info on its brain dead dickhead of a PR man Dominic Barretto go HERE
3077 days ago
I start with the murder of Jo Cox MP and the disgusting way EU suporters are using it to lie and smear as you can read HERE. In Greece today it is 40 degrees plus and I am a sweating wreck after a session of olive pruning, braving the snakes which brings me to Phil "InterX" Crawford of Lombard Risk Management (LRM) and the question he has to answer NOW. Elsewhere I look at Highlands Natural Resources (HNR) following up on this piece, C-Dialogues (CDOG), XCite Energy (XEL) - all shout Timber!!!!!! - Scancell (SCLP) and the uber dog Mkango Resources (MKA).
3078 days ago
Well fingers crossed anyway - I cannot claim to be hiding my views! The Mrs flies back to the UK today so normal full work service resumes tonight. Pro tem I have comments on Vast Resources (VAST), Highlands Natural Resources (HNR), PHSC (PHSC), XCite Energy (XEL), Gulf Keystone (GKP), Totally (TLY) and Skil Ports & Logistics (SPL).
3078 days ago
Xcite Energy (XEL) the drowning in debt North Sea wannabee has announced that bondholders are to meet on June 30th - the day the $139 million bonds were due to be repaid - to agree to a rollover. But there is an admission, and for shareholders it meets get out the vaseline...you are going to get shafted badly. Its now official.
3167 days ago
Xcite Energy (XEL) has today announced a new reserves and resources report for its Bentley field. In three months time the company must refinance $125 million of bonds and right now net cash is sub $10 million and falling fast and it has zero revenues. Discussing the economics of a field where Xcite has failed patently to get the farm in partner needed to take it to production is like Hitler worryig about the seating plans for dinner in 1945 as Russian tanks entered Berlin. The only issue now is the scale of the shareholder wipeout. Heck, even respectable and normally cautious brokers such as SP Angel are now openly saying what I have said for an awfully long time, the smell is of toast and it is everywhere.
3182 days ago
In the race to 0p who will win? After today's statement FastJet (FJET) is in the running as is LGO Energy (LGO), PetroCeltic and XCite Energy (XEL) which also had news today. I also look at Plethora (PLE) and the idea of something which is too good to be true. Then I move onto [email protected] - if you have not emailed the greedy useless mother yet PLEASE DO SO NOW. I offer up a suggested form of wording for your email. Warning/ Bad language alert.
3226 days ago
I am not in a good mood. Is this more to do with the reaction to Brokerman Dan's piece here yesterday or an impending trip to the Grim Northern welfare safaris to see the mother in law. Anyhow this podcast contains a lot of bad language. I discuss Daniel's contribution. The market was in a good mood yesterday and thus a number of wholly irrational share price spikes get covered: Mosman Oil & Gas (MSMN), XCite Energy (XEL), Condor Gold (CNR) and especially Highway Capital (HWC) which I cover in detail. I also explain why I remain bearish and comment on Aureus Mining (AUE) which announced a "strategic review" i.e. it is totally fucked.
3227 days ago
I continue the theme of what capitalism really means from yesterday's bonus bearcast on the news that North Sea oil companies want Chancellor George Osborne to use your hard earned cash to bail them out. I explain why the Chancellor needs to ignore this completely even if it means that the North Sea basically goes bust taking a number of listed companies - I mention XCite (XEL) specifically - with it. Sorry, I don't care if Aberdeen becomes a ghost town. Taxpayers from the profitable part of the economy should NEVER subsidise loss making sectors, be they milk farmers, oil companies or the Yorkshire coal miners that the great and much missed Maggie Thatcher quite rightly put on the dole.
3229 days ago
Today's ramp de jour is Marechale (MAC) which I debunk completely. The same rampers were active in Peer TV (PTV) - see earlier - and Glenwick (GWIK). They are scumbags. I laugh at Lenigas Cuba (CUB) have you seen the latest trade? Then it is onto Environmental Recyclying (ENRT), Octagonal (OCT), LGO Energy (TOAST), Greatland Gold (GGP), STM Group (STM), Phorm (PHRM), Quantum Pharma (QP.), XCite Energy (XEL) and Bahamas Petroleum (BPC), both in my 11 oil stocks to go bust list.
3274 days ago
In this podcast I discuss OPEC and the oil price. I think you should have some oil exposure via BP (BP.A) and I am intyerested in a couple of gas plays, notably Ascent (AST). But I remain uber bearish on oil juniors as I have been (correctly) for four years. Among those heading for zero which I discuss are Gulf Keystone (GKP), Xcite Energy (XEL), IGAS (IGAS), Mosman Oil & Gas (MSMN), Northern Petroleum (NOP) and LGO Energy (LGO). And there are others take may not hit zero within a year but which still face share price decimation such as Solo (SOLO) and the Horse Shite/ Horse Hill Gatwick Gusher plays.
3286 days ago
Third quarter numbers from Xcite Energy (XEL) make for grim reading indeed. At 18.5p the company is valued at £57.4 million but it could well be toast within nine months.
4259 days ago
I am not sure that anyone can call the share price of Bulletin Board Darling AIM listed oil stock Xcite Energy (LSE:XEL) correctly. As such I make no comment on today’s results other than to republish a research note from top broker Fox Davies and it is I who underline two phrases which grabs my eye. Clearly high risk/high reward. Over to the broker...
4323 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on Bulletin Board darling Xcite Energy.
AIM oil explorer Xcite Energy (XEL) is a darling of the Bulletin Boards which is normally a good reason not to buy the shares. Indeed the shares have fallen from 395p in January 2011 to 103.25p today (they were 67.5p five months ago) and whilst this is not for the feint hearted, there is a string fundamental case for this £299 million capitalised company. I believe that the shares are worth 181p and are a buy.
4339 days ago
Shares in AIM and Canada-listed Xcite Energy (XEL) hit 395p in January 2011 as it reported on a successful “transformational well” drill on its flagship Bentley oil field in the UK Northern North Sea, 160 kilometres east of the Shetland Isles. However, market disappointment at a 10th May 2011 reserves report on Bentley saw the shares fall from 316.5p to close at 110p just seven weeks later. They hit a low of 67.5p in July 2012 and currently trade at 92.75p – capitalising the company at approaching £270 million. The stock is a darling of the Bulletin Boards. But is it good value?
The company was somewhat bemused by the market reaction to the May 2011 reserves report but the announced resource base was somewhat smaller than many had been expecting and the company’s shares had risen on significant hype in the lead up to the January well announcement
