Xcite Energy updates market on bond restructuring
12th Sep 2016 08:42
(ShareCast News) - AIM-listed Xcite Energy updated investors on the restructuring of its $135m senior secured bonds on Monday after its share price surged at the end of last week. Xcite, which has been in talks with its bondholders since June about a possible restructuring, had set a deadline of 30
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreNew Asos COO picks up £0.5m of shares after results bounce
21st Oct 2014 11:57
Asos'schief operating officer, Nick Beighton, who has been promoted or perhaps demoted from finance director after three profit warnings in the last seven months, increased his skin in the game with a significant share purchase on Wednesday morning after the company unveiled final results. Beighton
Read moreXcite Energy CFO more than doubles stake to 38,000 shares
9th Jul 2014 15:58
In a day of few significant deals, the Chief Financial Officer of oil focused Xcite Energy has significantly increased his stake in the group with the purchase of 38,000 shares. Andrew Fairclough, who took up his role in February, now holds 53,000 shares following the 67p-a-share transaction. A
Read moreXcite Energy secures platform construction deal for Bentley Field
4th Jul 2014 12:11
Xcite Energy has moved a step forward in its plans to develop the Bentley Field in the North Sea with a construction deal now confirmed. The AIM-listed group's wholly-owned subsidiary, Xcite Energy Resources (XER), has entered into Memorandum of Understanding (MoU) with Aibel AS. Aibel, which is e
Read moreWednesday tips round-up: Xcite Energy, Countrywide
7th May 2014 07:09
Large reserve estimates are great, but there is quite a gap between that and actually getting the black stuff out of the ground. Even so, independent North Sea oil explorer Xcite Energy yesterday took one step closer to that goal. The company announced that it will share field-specific information w
Read moreXcite Energy teams up with Statoil and Shell in North Sea
6th May 2014 12:08
Oil explorer Xcite Energy has done a deal to work with Royal Dutch Shell and Norway's Statoil on North Sea oil fields. Xcite's 100% owned subsidiary, Xcite Energy Resources, has agreed to share technical and operational information with Shell and Statoil to allow co-operation between the trio on th
Read moreXcite Energy upgrades facilities at Bentley field
7th Apr 2014 08:21
North Sea-focused Xcite Energy has entered into a memorandum of understanding with Teekay Shipping Norway for the supply of a bridge linked Sevan floating storage and offloading (FSO) facility for the life of its flagship Bentley field. AIM-listed Xcite said that the bridge linked Sevan FSO offers
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreTuesday broker round-up UPDATE
17th Dec 2013 08:14
Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p. Antofagasta: Canaccord Genuity cuts target price from 1110p to 1035p, while staying with its buy recommendation. ASOS: Panmure Gordon increases target price from 5950p to 6126p, while downgrading fr
Read moreXcite Energy slumps as talks with farm-out partners continue
29th Nov 2013 07:22
North Sea-focused oil appraisal and development firm Xcite Energy disappointed investors on Friday after saying that talks with potential farm-out partners and lenders are still ongoing regarding its flagship project, the Bentley oil field. The AIM-listed group has current interests in six blocks i
Read moreThursday tips round-up: RBS, Severn Trent, Xcite Energy
13th Jun 2013 08:36
Shareholders in Royal Bank of Scotland (RBS) face even more uncertainty now that Mr.Hester is abandoning the top job at RBS. Yes, the lender will probably manage to turn a profit this year of 2bn pounds, versus net losses of 24bn pounds during the year he started. However, his successor will need to
Read moreXcite Energy's subsidiary cancels Rowan rig option
31st May 2013 08:16
AIM-listed heavy oil appraisal and development company Xcite Energy has reported that its subsidiaryXcite Energy Resources (XER) has cancelled its option for a jack-up drilling unit from British American Offshore, a subsidiary of Rowan Companies. The rig contract was initially entered into in Febr
Read moreXcite Energy widens first quarter losses
20th May 2013 09:17
Xcite Energy widened its first quarter losses as the oil company was hit by a stronger US dollar against the pound. Net loss in the first three months of the year came to £1.7m, up from a loss of £0.05m the previous year. The company had £20.4m cash at the end of the period, of which £12.3m was he
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
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