Todays RNS only confirmed what those in the sector already knew. The testing has now been “officially” pronounced.
A snippet from last weeks sector watcher is below;
“A strong result could support the argument for the P10 reserves case of 235 million barrels, which could be worth 600p/share.”
So just how much will XEL be worth on good results well I think at least £4/5
in the initial stage with certainly more to come once production kicks in.
Serious investors should invest for the right reasons. The recent nonsense over an export hose has cost many good people money. Let that be a salutary lesson DO NOT LISTEN TO CHAT BOARDS! Most on there are day-traders masquerading as investors. Base your investments on good solid company research with sector coverage and analysis. And when you feel under-pressure from the demons eating away at your soul to sell look at what Institutional investors are doing with their holdings in the stock. XEL II’s have just sat back and held while the retail punters have been led a merry dance out the door finding themselves having to pay yet again to enter the party!
Yes as foretold has become a watch word for the blog. Research your stock/investments and never base an investment on chat site shite.