||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Cairn Energy Share Discussion Threads
Showing 14326 to 14348 of 14350 messages
|http://www.telegraph.co.uk/business/2016/09/03/finnaust-snaps-up-greenland-mining-projects-from-cairn-energy/should sell 10% of your CNE holding and invest it into #FAM finnaust mining. Acquisition is potentially amazing for this small company. It already has world class Ilmenite asset on Greenland.. now this. if we are lucky.. serious multi bagger shareprice potential for £FAM (Aim listed) I'm a biased large holder. dyor|
|Excellent - thanks.|
|Yes I managed somehow to see it this morning although not a subscriber, but can't now. The gist was that FAR are seeking a extension to the pre-emption timetable, on the grounds that Conoco did not deal properly with them initially, but whether FAR can come up with anything is uncertain. I think the inference was also that CNE were happy to have Woodside as future partners.|
|That's a subscriber-only article, Rogerlin. Any chance you could summarise it in a sentence?|
|Oil came off the boil and some negative press. It will bounce.|
|Why is this share going down past 2 days|
|Ive bought in too. Tipped share to 2.30 at least by many analysts|
|Has anybody ever set up a far thread on this advfn uk board if so what epic code is it under?
I've seen the hot copper board that someone mentioned earlier. Thanks in advance.|
|FirstEnergy Capital: "Cairn has increased its resources estimates at SNE in Senegal from 200-690 mmbbl to 274-906 mmbbl with a 2C Contingent case of 473 mmbbl which is 28 mmbbl above our estimates. Cairn’s 2C Contingent estimates remain well below its partners Far and Woodside (circa 560 mmbbl) and reflect different views on recovery factor. The next steps in Senegal consist of addressing the recovery factor uncertainty with further appraisal activities. Costs continue going down at Kraken and Catcher but also in Senegal where Cairn has reduced expected development capex by 25%...We continue to see Cairn’s shares as not particularly cheap, except if one assumes a swift resolution of the Indian litigation; which we do not want to bet upon."
Taken from Research Tree|
|The average being £2.33.|
|on back of results, there are upgraded broker forecasts too....
Broker Date Rating Previous
Barclays Capital 17/08
JP Morgan Cazenove 17/08
Deutsche Bank 17/08
Canaccord Genuity 16/08
Deutsche Bank 12/08
here is the link from where I have taken above information. hxxp://www.hl.co.uk/shares/shares-search-results/c/cairn-energy-plc-ordinary-231169p/broker-forecasts|
|Highlights in today's report re Senegal, will CAIRN or FAR pre-empt Woodside? Surely a Major must be tempted to buy in if either pre-empts, but they would need agreement in advance.
Senegal Exploration & Appraisal
Ø Drilled six wells in two years; two basin-opening discoveries and four successful appraisal wells
Ø SNE contingent resource upgrade: independently verified current best estimates for gross oil in place on the SNE field of more than 2.7 billion bbls*
Ø Estimated gross recoverable oil resource of 1C 274 mmbbls, 2C 473 mmbbls, 3C 906 mmbbls*
Ø Cairn estimates further Senegal exploration potential of ~500 mmbbls gross mean risked resource
Ø Joint Venture (JV) planning third phase drilling programme commencing in Q4 2016/Q1 2017 with further evaluation of SNE discovery
Ø Rig tender for next phase of appraisal and exploration benefiting from lower cost environment
Ø Conceptual development planning underway to include range of potential options including phased development to capture a potentially large resource base|
|thanks for that|
|Lots of gossip on the Hotcopper FAR thread if you care to read it.|
|does anyone know anything about thecairn / far pre - emption rights re the woodside petroleum purchase of 35% of the Senegal field?I bought more shares in Far hoping they can raise the money to increase their 15% share and then triple the value of it by declaring Senegal commercialand upping the resource estimate.Either that's naive on my part or a complete no brainer?Anyway I would have expected news about now.|
|Numis also upgraded to £2.10 :-D|
|Hubshank: Thanks for your info. I use FT.com to list my portfolio and they give you mean broker forecasts as a matter of routine.|
|£2.20 target price approx 12% upside. Hopefully the weekend press will encourage the price to rise further.
Edit: that is UBS's target price.|