Share Name Share Symbol Market Type Share ISIN Share Description
Cairn Energy LSE:CNE London Ordinary Share GB00B74CDH82 ORD 231/169P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.50p -1.57% 218.80p 218.30p 218.50p 224.30p 218.20p 222.90p 1,985,592.00 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -337.8 -61.3 - 1,262.99

Cairn Energy Share Discussion Threads

Showing 14351 to 14373 of 14375 messages
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DateSubjectAuthorDiscuss
17/2/2017
13:45
The market doesn't appear to be too keen on them buying Dongs assets. Has certainly overshadowed the kraken FPSO news story today
frazboy
07/2/2017
12:04
Far eyes 1.5bn barrels off Senegal Resource report firms up potential prospects across several offshore blocks http://www.upstreamonline.com/live/1213113/far-eyes-15bn-barrels-off-senegal
eipgam
07/2/2017
11:48
Deutsche Bank has upgraded Cairn Energy to ‘buy’ from ‘hold’ and nudged the price target up to 275p from 270p following a review of the company’s development portfolio and on its potential to outperform market expectations. The bank said it sees upside potential on Kraken and is positive on the Catcher development, where the wells have so far responded well to water injection testing. In addition, it reckons Cairn can de-risk its Senegal SNE discovery through well interference testing in the summer. “Taken together with a robust balance sheet and an option on the Cairn India tax arbitration, we think Cairn offers investors several potential catalysts for valuation growth this year.” Deutsche noted Cairn has made good progress on its UK developments over the last 12 months, with both projects below budget and on schedule for a 2017 start-up. The Kraken floating production storage and offloading vessel is currently in Rotterdam for inspection and certification and start-up is still guided for the second quarter. Meanwhile, the operator of the Catcher project is also highly incentivised to complete work on the FPSO at the yard ahead of sailing. “Both vessels benefit from a less complex hook-up to the risers using the buoy method, which should limit time lost to bad weather. “As our special report on reservoir performance outlines today, both projects will then rely on secondary recovery through water injection to maximize recovery. We think the risk/reward is attractive, particularly on the Catcher development.” At 1028 GMT, the shares were up 3.7% to 239.40p.
eipgam
07/2/2017
11:40
3 year high (nearly... ADVFN says we have had an intraday of 250p but I can't recall it)
eipgam
07/2/2017
08:15
DRILLING NEWS DUE VERY SOON !!!!!
rickmay
03/2/2017
21:21
Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
gary38
23/1/2017
08:44
Upstream mag also confirms spud.
emptyend
23/1/2017
08:29
http://far.live.irmau.com/irm/PDF/2231_0/SNE5startsdrilling
rogerlin
18/1/2017
13:38
Dunno, a question for Investor Relations perhaps. Whatever, the frozen (or worthless, depending on your point of view) value is worth a lot more in sterling since the Brexit vote.
eipgam
18/1/2017
08:51
"Cairn is currently unable to access the value in its 10% residual shareholding in Cairn India Limited (CIL) valued at US$656m at 31 December 2016, accrued dividend payments due of US$51m". What has actually happened to the dividend payments, has Cairn India just not paid them out or has the Indian government confiscated them?
rogerlin
17/1/2017
11:39
Good update... Still got faith in the India-UK Trade agreement... but it must be getting stretched by now? May tick up over a few days after this update
eipgam
17/1/2017
10:54
longer term chart beginning to look decent again and good update this morning, back in
bountyhunter
16/1/2017
13:14
Stena drillmax rig seems to have left Gran Canaria for Senegal.
rogerlin
12/1/2017
10:59
LOOKING TO BREAK OUT !!! BE QUICK.
rickmay
09/1/2017
08:47
Thanks rogerlin :)
inntolife
07/1/2017
08:57
https://www.bna.com/india-holds-last-n73014449414/ Early resolution of Indian tax issue doesn't however appear very likely.
rogerlin
06/1/2017
08:04
Cairn is one of the IC's Tips for 2017 appearing in today's Magazine.
888icb
05/1/2017
17:18
Positive piece by Investors Chronicle on Cairn today, summarising as follows:- "Shares in Cairn have ticked up since we first tipped the company in the summer (190p, 30 June 2016), thanks to the Opec-orchestrated drop in supply and August's resource upgrade. But that has trailed the 19 per cent increase in the FTSE 350 Oil and Gas index, and still leaves Cairn shares trading at a 25 per cent discount to RBC's tangible net asset value, which assumes a long-term real oil price of $66 a barrel. However, the biggest arguments for owning Cairn are the strong balance sheet and likely upgrade of resources excluded from analysts' sum-of-the-part valuations. Buy."
alan@bj
03/1/2017
14:54
is this a 3 year high? Not been here since jan 2014. Anyone got any thoughts/info about drivers here. Increasing POO is one but how much could a Indian Tax resolution add?
eipgam
22/12/2016
09:43
Nice little rally here, in the face of a dithering oil price.
dogwalker
27/11/2016
10:45
http://far.live.irmau.com/irm/PDF/2228/2017Senegaldrillingprogram
rogerlin
31/10/2016
08:14
http://far.live.irmau.com/irm/PDF/2220/UpdateonproposedConocoPhillipsSenegalassetsale The saga continues.
rogerlin
15/10/2016
19:10
http://aa.com.tr/en/africa/senegal-protest-of-crony-oil-contracts-turns-violent/665417
rogerlin
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