500% gain in the next 3 months XEL 185p to buy

loads to come here just a few profit takers from earlier. I have another share with fantastic prospects but at the moment a U.S hedge fund is relinquishing their stock so there is no rush until institutions have mopped up the stock.

On it's way down this afternoon don't like that

down 1% hardly the end of the world.If you had started with £10k and followed Joeys tips you'd be quids in now

And it touched 282 before it dipped

Think people are getting scared, i was going to buy today but held off, any news?

I was going to go in today too will hold off to see if dip or just on way down
Permanently. May wait for the next one as joey seems to know his onions.

Just seen that its recovered a bit. May go in the morra

Cheers joey

Big drop this am on this down10% at one stage but now 5% down anyone know why or is it just profit taking?

had a great run so the marketmakers inevitably try the old 'treeshake' to gather stock and dispose of margined traders. Still a no brainer to be holding imo of course.

moneytree a stock that you have to be getting on is Cadogan Petroleum (ticker CAD). A U.S hedge fund is disposing at the moment so no real rush but many in the smallcap arena will be all over this once confirmation hedge fund sold out. Guys who gave me the nod reckon long term it will go north of 200p (close to price it floated at). It had a crap management team who have now been cleared and is run by a guy called Ian Baron who took Dragon oil from a 2p share to a £2 bill company. My take is somebody will come in for it very shortly around 50p takeover. Currently 20.25p to buy.

Cheers joey will take a look. What do you make of xel dipping to 2.34?

Worth getting in at that price or has stock had it's run?

let XEL settle for a few days in my opinion, it has now become a day traders stock so extreme volatility will ensue.

Joey is the trader site you?

So the dip isprobablycaused by people taking a profit. I'm going to get 300 shares at
The current price and hope it does not drop too much again.

Like Joey said this is very volatile time! Shouldnt hit below £2.00 imo

on the way up again really is up and down at min.

Its great watching the prices, going to put another 500 in on payday but will split amongst other shares as its quiteiting watching the prices.
I may well lose at this but its a slower loss than betting on football

Another day. I am quite taken by following the ups and downs it's something new to learn.

I'm actually down and had it been lost on the horses or football then it's gone for good but here there is a chance I get it back.

It's giving me the same buzz that gambling did at first.

Cheers for input joey and good luck all today.

I'm actually down and had it been lost on the horses or football then it's gone for good but here there is a chance I get it back.

And therein lies the great danger for someone who looks for a 'buzz'. You're likely to hold onto your losing position indefinitely (after all, it's not 'gone for good', just waiting to be won back), until one day you open the paper and see your shares are absolutely worthless.

Well that's the reason I am using money I can afford to lose.

Why are you following some randomers tips on a stupid forum, mug tree?

Do your own research you bleedin mug.

You deserve to get burnt on this one, simply for being a sheep. I have read through this thread, and there is not one single good piece of research posted so far - yet here you are going balls deep in a share on some rumour from a guy you don't even know?


"Ever wonder why fund managers can't beat the S&P 500? 'Cause they're sheep, and sheep get slaughtered"

It was 184 when he posted it and its 240 now so I would say its done ok in a couple of weeks.I didnt follow on this one but I wish I had

Whippet if you have looked on his blog its record speaks for itself and I think you would agree if you looked at it.

where i can i read his blog

down a couple of % today.Are they worth holding onto?

Shares in these are long term hang on

Jacqui, is three months considered long term in share dealing terms?

No wonder it is easy to make money on here and the financial markets with the huge number of mugs around.

As Warren Buffet says:

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."

For those of you trying to make a quick buck off this "tip", have a quiet word with yourself. You need to rethink why you are investing in the first place.

Some of you are already starting to panic that it has gone down a few % since you bought. Do you not realise that this is the dangers of short term trading? Why exactly are you investing in the first place if you aren't aware of these risks?

There is absolutely no way in hell you can profit consistently from short term trading unless you devote sufficient time to it (and by that you almost need to be doing it as a full time job). Judging from the responses on this thread, none of you are willing to put any of this work in.

The best piece of advice you are going to get is to stick to long term investment in companies with solid business models. Seriously. You only need to put a small bit of work in at the start, and then you just have to play the waiting game. If you are going to try and short term trade stuff then unless you are willing to put the work in, you stand just as good a chance of making money as if you just punted the money on a horse. Especially if you are going to punt the money on an Oil Company of all things.

This is obviously going to fall on deaf ears as being a gambling website, the lot of you are probably compulsive gamblers, but this is just my 2p worth.

whippet all input is good and totally take on board what your saying. An the comments about me doing it for the buzz are correct I either take it seriously or dont bother as its not the sort of thing to play around with.
I will only ever gamble or buy stocks with money that I can afford to lose, obviously id rather not lose it
The bigger business with established trading models are obviously more expensive to buy so what kind of return would you get back on dividends to make it worth buying?

up 3% so far today

uo 10% today now at 2.67 fair play wish i had of followed

Just touched all time high of £2.80 :-)

Here we go!!!

up nicely but was really up n down, is that day traders?

the fun now starting after today's news release. Signed up for a jack up rig for January.... That there oil is flowing bigtime I'd have thought. Truly undervalued share this one, I'm expecting well north of £10 next month or two.

cheers joey.

Wpu;d be happy at £10

hit 299.50 but on way down again but that seems the norm at the min.

Everyone must be in profit now its just when to get out lol

expect 600p within 10 days at XEL. Attention on CAD if you're looking for a possible flyer. All imo/dyor.

I agree with Whippet.

An ideal share to trade,along with the other oilies,infact blinding.

You need to understand.when and why,and use the correct buy /sell signals/indicators

and trade like a robot with NO EMOTIONS ,with discipline it CAN be done.

joeydeacon

would like your thoughts/comments on the current price of XEL and CAD and your predeiction for the next month or so.

big drop today !!!

nice bounce back today after a few rumour mongers/derampers tried to talk it down.

redferrari take a look at this broker note out today re CAD, suggests 600% upside.

http://www.cadoganpetroleum.com/cadogan/investor/reports/2010/2010-11-23/2010-11-23.pdf

"Our suggestion is that Cadogan’s slice of the
Eastern Ukraine’s geology is worth 88.7p/sh on top of an operating value of 25.5p/sh"

CAD long medium long term big gainer.

FAO of ALL

FLOW TESTS are being conducted first week of december

GLA

bought loads of CAD today, strong rumour around that stock of TNK/BP getting involved. I think this could double very quickly on any tie up. Keep your eyes on CADOGAN PETROLEUM (LSE:CAD)

Hey Joey - I've been looking into these - but I'm in New Zealand and I can't do it through the brokers/banks here because they only do selected stocks on foreign exchanges.  Do you reckon any UK based brokers would deal with me given that I obviously don't live in UK?

Try TD Waterhouse +44 161 8196467.

I hope you've all made lots of lolly on XEL, they are up about 75% since I put them up here with (hopefully) more to come. We've been buying CAD on any weakness, this really has potential to make us 4/5 times our stake in our opinion. Keep watching CADOGAN PETROLEUM (LSE:CAD), we think next year these should be close to 100p against current 22p.

Good work Joey, it was nice to see that pull back towards 240, a good sign for strength to come I hope. Sneeky market makers trying to get some more perhaps?! Keep em coming!

wish it would stay over 300 overnight. in small profit but am thinking will get out if it ever hits 310 again.

joeydeacon - a big week ahead with XEL from what i have gleaned off share forums - what price could they hit if everything goes to plan and is some or all of the "good news" already priced in?

all about how much they flow and how marketmakers perceive the news. Marketmakers know many many people sat on huge profits here given the speed of the rise so I'm thinking they may try and force this down on decent news. This is of course where you need a man on the rig but unfortunately I aint got one :-(
Seperately we're expecting very good news at CADOGAN PETROLEUM (lse:CAD) shortly coupled with a presentation to the city on Thursday. Strongly suspect 500% upside is one with this one from around current pricing. As ever dyor/all imo.

depending on flow test results 400p the min required for the well to be commericla is 1200 bpd the best result is 3000 bpd but restricted due to equipment

i think it will come in around 1500 bpd, but would expect 450p on results with a retrace to 400p

yes i have been watching CAD since you 1st mentioned it - up 10% since then I think - is iii a good site to buy sell shares on or hargreaves and landsdown or are they the same thing?

not sure, I use BARX and TDW and also I have an account with a very small local broker whose a bit pricey but gets me excellent prices.

Yes CAD is starting to get going, we should see some very big gains in CAD in 2011.

Don't think flow test is to good judging by late drop

Joey is the brokerman sites yours?

Somehow I dont think Joey is going to tell you Jacqui ;-)

Joey, Are you still optimistic with your pricing of CAD...took a little knock today I see

Cad dropping again and I am wary as well, Everything else Joey has said is spot on I wish I had more money spare :(

xel dropping slowly, was the 333 the peak ?

see that they cannot do the flow test untill weather better.

Anyone got an opinion on the drop?

I am able to still get out for profit but do not wanna jump the gun. any advice?

MT, did you not listen to me the last time?

Do not pay any attention of the day to day prices. They go up and down all the time. You should not be attempting to trade them unless you know what you are doing.

The title of this thread clearly states "3 months". If you weren't willing to hold for that time then you shouldn't have been investing in the first place.

If you believe the underlying fundamentals to be true, then you should be loading up on more shares on any significant dips. So yes, buy more, don't sell.

cheers whippet, I need to stop looking, i think i saw a web site that sends alerts when a share hits a certain price I will look at that.

I am not attempting to trade, just wanted peoples opinion on the stock.

are there any books or websites you would suggest for a newbie?

I do not wanna go mad to start off with but also want a stratagie to start off with rather than random purchases.

This site seems pretty good for the basics: http://www.investopedia.com/university/stockpicking/default.asp

I would definitely urge you to go for long term investments MT. I know you are a bit of a gambler at heart, so want the quick returns. Trust me though, you will come unstuck trying to do short term trades without putting much work in. Better to go for the long term stuff. You only have to put a bit of research in at the start, then just wait for the cash to roll in.

There is a present for you in one of the other threads I've posted in MT. Take some of the money you are going to lose gambling on the football and stick it in there instead. Really low risk, and will return 3x minimum within 2 years.

cheers whippet, I know I need to lose the gamblers instinct on this, was goint to set a small monthly sum to invest and build up some shares over time. I did only use money on xel I can afford to lose its been an experience.

One of the things I have looked at is buying shares in companies that are low but have traded higher, say for instance RBS that over 5 years has traded well over the 42p it now trades at, I know that its a gamble but long term the risk may pay off.

Morning Whippet, When you say MT where do you mean?  (sorry to sound blonde!)

Jacqui

he means money tree

Anyone got any thougths on Encore oil? potential of 350p over the next 6 months me thinks

I am on it already. I seem to make more money from threads like this on betfair, than sports betting or playing poker!

Yes I bought at £1.10, just hoping they are going to move in the right direction in 2011....still interested to hear Joey D's views on CAD

Another drop today on xel, do people know early about the flow test results?

WHAT MAKES YOU THINK 3.50 IN 6 MONTHS?

Drilling Results will be positive MT ;-}

where they drilling?

Told you CAD has enormous potential:

http://ukrainian-energy.com/articles/market_comments/172/

45p drop in one trade for xcite.

perhaps flow test not as good as predicted.

more big drops in xel, well done anyone who got out at the 330's

Got to keep faith with XEL, keep upto date with RNS.
DYOR but have had a dabble in this recently AZEM, good news today.

Around £3.15 now, maybe you should sell up now MONEY TREE? Saving you being so nervous in the future.

And back down to 280.

stopped looking as keeping them long term.

traders dream id imagine.

Where did you get that price from? it closed higher than that?

yahoo.

The problem with punting on oil minnows which are N Sea is that any uncertainty in their value coming from the reserves is dwarfed by the uncertainty in their value from the oil price.

Development costs in mature areas with infrastructure is probably around $50 - $60 per barrel, whereas in remoter parts in the Northern N Sea it might be as high as $80. Therefore the value of the companies varies hugely if the oil price is, say $70 or $100. So buying shares in the likes of XEL or Encore is mostly just a highly geared play on the price of crude.

If you want to take that uncertainty out of the equation you should be looking at Kurdistan (where there is political risk, but huge reserves), or Russia.

The price of oil is pulled downwards by the threat of recession but pulled up by a general demand for real assets rather than paper. The Korean thing probably pushes it up too. Overall I see the price moving up in the mid term, but I would not want to be exposed to the risk of it falling to say, $80 in the short term. Therefore I am mainly investing in the Kurdistan/Russia minnows and avoiding the N Sea for now.

Where do we find lists of companies in those areas?

Great news £5 today?



21 December 2010





Xcite Energy Limited

("Xcite Energy" or the "Company")



Successful Completion of 9/3b-6z Well Flow Test



The Company announces that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed.



The flow rates achieved demonstrate both the commerciality of the Bentley field and the reservoir properties to be above the upper end of modelled expectations.



Key flow test results were:



·    Total flow test of 36 hours including clean-up of 9 hours, with cumulative production to tote tanks of over 2,000 barrels.



·    Multi-rate flow tests were conducted, culminating in a final stabilised flow rate of 2,900 stock tank barrels of oil per day.





Richard Smith, Chief Executive Officer of Xcite Energy, commented:

"This is an outstanding outcome for the Xcite team and for the industry contractors to deliver this successful well test on Bentley. This flow test fully demonstrates the commercial potential of the Bentley field and the long-held belief that Xcite has maintained in this major North Sea asset. We now move on to the first stage production planned for 2011 with an excellent platform."

Might be time for you to bail out, MT.

Trading £4+ already today!!!!

HOLD

great news hey! keep you eyes on CAD now looking for 500% gain there 2011.

very good see hit 431 today nice one joey.

It's not a bad idea to take some profit when share go up. You can always leave some in.

meaningless statement ^^^^^

Why would you take profit if you still believe the fundamentals to be correct? If you are going to take profit at less than your target price then you shouldn't have been investing in the first place.

These shares seem pretty volatile according to the posts on this thread. The potential profit might not be there in a few weeks/months time.

it makes me pull my hair out when i hear statements like "no-one went broke taking a profit" and "buy on the dips" etc etc. its just completely meaningless

It doesn't matter if the potential profit disappears. When you are buying in you need to have a plan as to when you are going to sell. If you don't, then you shouldn't have been putting money in the first place. Where do you draw the line at selling up? Just pluck an arbitrary figure out of the air or when your horoscope tells you to?

The title of this thread clearly states a target price of 700p+ within 3 months. If you are going to follow the advice of a stranger, then at least follow his advice fully. Many people on here were panicking after 1 month when it dipped from 300->200p. Now people are saying to sell up at 430p?

Some of you would be way better off just gambling the money on a horse.

You have assumed he believes the fundamentals to be correct. I doubt that he has a clue about the fundamentals. He is blindly following a post on a forum from someone he has never met.

Sir Denis Eton-Hogg Date Joined: 16 Nov 08
When: 21 Dec 10 16:26 meaningless statement ^^^^^

If I am counting correctly, this was directed towards my post? Which, incidentally, was tongue in cheek as MT does seem, rather, what shall we say, twitchy to intraday price movements. Rather than risk some kind of stress related heart problem, bailing out might have been his best option!

lol no it wasnt. just the one above!

There are several "experts" on others' investments. I wonder how these people get on with their own investments. Do they have any, or do they just enjoy picking holes in others'?