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$700m Gets Xcite Energy To Shangri-La

By Zak Mir | Thursday 13 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I have to admit that I am not a great reader of the financial press, but now and again something catches my eye. Today it was Tempus in The Times which was focusing on Xcite Energy and how it requires $700 million before the Bentley project turns cash positive in 2015. Clearly, if I had the cash I would be writing a cheque for those good people at Xcite immediately.


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