Bara schreef op 21 mei 2014 14:19:
Xcite Energy price is “attractive” ahead of a Bentley deal, says Cantor
In a note, Wahab said he has long highlighted that Xcite needs to secure a cash rich and technically adept partner – and, because of Bressay, he reckons Statoil and/or Shell would represent logical choices.
“Xcite has confirmed that negotiations are ongoing, albeit at a much slower pace than anticipated, with a potential partner(s),” Wahab said. “The shares have been volatile in recent weeks, with the large retail following buying in expectation of a farm out and then growing frustrated in the absence of any news.
"Nevertheless, we highlight that the underlying fundamentals of the company remain unchanged, and therefore the current share price represents an attractive entry point for investors ahead of an expected transaction.”