XCD 0.00% 1.1¢ xcd energy limited

is the bottom in?, page-4

  1. 364 Posts.
    Looking at the sell pattern I think you will find a reasonable number of the SI's are either out now or want out.

    I would be surprised if ETE will frac a Niobrara horizontal this year as other shale basins are supposed to be many crews short and a long time behind planned frac schedules and you would expect a slow down during the height of winter. May end up the same as Whiting next door, spudding in Feb/Mar next year. As it seems no-one else is drilling the area the share price may well slide further for lack of local action.

    I note EOG and SSN are selling their Rocky Mountain gas holdings at an expected loss because of continuing poor prices (EOG pulling out of Gulf of Mexico gas too this year for the same reason)to concentrate on the shale oil.

 
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