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1.1¢ xcd energy limited

Ann: 1.6 Billion bbls Of Prospective Resource, page-29

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Kangaroos67

3,128 Posts.

1040

22/01/20

09:32

Post #: 42506316
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Originally posted by Wise_One: ↑

@jackdean33

It's always important to do your own research & make up your own mind on whether or not you think it's a good buy or not.

When there is large volume / price action there will always be day traders, but that doesn't mean every time its a P&D.

For me, I like XCD for the following reasons:
- Cashed up (so this rise won't be followed by a CR)
- Ridiculously large prospective resource size of 1.6 Billion Barrels of oil
- Very cheap company valuation / mkt cap
- Surrounded by Oil & Gas Giants who may want to farm-in to their project to enable the drilling phase
- 88E is an easy comparison as they have a similar prospective resource size (albeit about 12 months more advanced) and is trading at c. 200m mkt cap (approx 20-bags higher than XCD is at the moment)
- David Wall (MD of 88E) is also the number 1 shareholder in XCD
- Chart has now broken out on record high volume
- There is an overhead gap at 2.8c

This was my investment thesis into this company - I suggest you work one out for yourself & make a decision to buy or not. The decision is yours & its the process which is important - i.e. decide for yourself, don't buy or sell because it's being talked about on threads or not.

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You had me right until you mentioned DW 88E, now I'm not sure I want to be involved anymore....crooked cat

XCD Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: 1.6 Billion bbls Of Prospective Resource, page-29

Top Stories

Helix investor makes partial takeover bid, proposing board changes

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Lendlease sells off US east coast construction operations in latest global divestment push

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

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Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

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