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
  +0.40p +0.19% 216.10p 216.40p 216.70p 216.70p 213.30p 215.00p 1,230,522.00 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -337.8 -61.3 - 1,246.99

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DateSubject
03/12/2016
08:20
Cairn Energy Daily Update: Cairn Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CNE. The last closing price for Cairn Energy was 215.70p.
Cairn Energy has a 4 week average price of 192.96p and a 12 week average price of 195.65p.
The 1 year high share price is 232p while the 1 year low share price is currently 124.70p.
There are currently 577,044,326 shares in issue and the average daily traded volume is 1,512,869 shares. The market capitalisation of Cairn Energy is £1,246,992,788.49.
15/7/2016
07:11
alan@bj: Comment in today Times' Tempus column:- "Cairn Energy's share price was off 3% yesterday, which is odd. The oil explorer is the operator and 40% owner of some very promising assets off Senegal. ConocoPhillips, it's partner, has just sold its stake to Australia's Woodside Petroleum. This should, potentially, see these get to first oil earlier rather than later and puts a firm value on Cairn's stake. Some may have wondered if the Australians would move to take out Cairn as well. Still, it's a positive and a sign that deals are returning to the sector."
14/7/2016
05:54
ohisay: Woodside buyout Conoco's 35% in Senegal for 430m$. Not exactly overwhelming is it? (Woodside estimates that the SNE discovery contains 560 MMbbl of gross recoverable oil (at the 2C level)) So thats 430m$ for 200mboe or 2.15$ a barrel Here's Hartleys on the implications for FAR which is off 10% overnight. Hartleys research FAR (FAR Ltd, flat 8.4cps, m.cap A$375m, Oil, Gas & Consu): Simon Andrew · In sticking with a previously articulated strategy, ConoccoPhillips has agreed to sell its interests in Senegal for total consideration of US$430m (purchase price of US$350m, plus a completion adjustment of US$80m). · Woodside will acquire 100% of the shares in ConocoPhillips Senegal B.V., which holds a 35% working interest in a PSC with the Government of Senegal covering three offshore exploration blocks, Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore. · The PSC contains the SNE and FAN oil discoveries. · Takeaways for FAR include: o At a very simplistic level, the look through value of FAR’s 15% share is 5.7cps (total value of the asset of US$1.229m). o A greater likelihood that a commercial development goes ahead (WPL would not spend that sort of cash if they were not confident on developing it). · The market continues to grapple with the underlying value of FAR’s Senegal project with the capital required to continue to appraise and explore. · We think that on-going drilling success and associated resource upgrade of the SNE field will eventually drive share price appreciation. · The near term catalysts that could move the FAR stock price include a resource upgrade, to incorporate results from the BEL-1 and SNE-4 wells, announcement of the FY17 drilling program, and of course a jump in the price of oil. · We maintain our Speculative Buy recommendation on FAR, and have raised our valuation to 22cps from 16cps.
21/6/2016
18:04
alan@bj: They dumped them last Friday, and the way the share price has dropped today might indicate either Kames or someone else has dumped a load more.
16/3/2016
15:02
eipgam: Considering the news from India yesterday, http://uk.advfn.com/stock-market/london/cairn-energy-CNE/share-news/Cairn-Energy-Says-India-Raised-Its-Tax-Bill/70772334 then todays rise is a surprise. I wonder what happened about 1pm today? Is there something in the budget that helps CNE?
18/8/2015
12:25
bobsidian: In the context of what is happening to the price of oil and the savaging inflicted upon the share prices of other oil exploration companies, the bigger surprise has been just how well the share price of CNE had held up.
08/6/2015
08:53
alan@bj: From Interactive Investor:- With the FTSE 100 (UKX) down 2.5% and the FTSE 350 faring only marginally better, there really has been little to choose from this week. Of those companies that have done well, Paypoint (PAY), up 13%, has already appeared in this feature. Next best performer is Cairn Energy (CNE) - up 9% since Friday last week - and, while we've covered it recently elsewhere, too, there's more to tell about this interesting oil play. Last month, Cairn held a Capital Markets Day (CMD) presentation on its operations in Senegal for analysts and institutional shareholders. Days later, FAR Ltd - Australian oil and gas explorer and Cairn's 15% partner in three blocks offshore Senegal - held a bullish AGM, which got investors excited. This combination highlighted the "potential for low risk appraisal drilling and longer-term resource/reserves growth offshore Senegal", said broker RBC Capital on Monday. "Although the Indian tax dispute remains we anticipate any material developments to take place after the outcome of the drilling campaign. As a result we are taking advantage of recent share price weakness to reinstate our Outperform rating and increase our Price Target to 250p/share [from 220p]." At the CMD, Cairn outlined appraisal drilling plans on the 330 million barrels (mmbbls) SNE oil discovery offshore Senegal that unrisked could add a further 70p per share. As part of a discussion on spotting oil sector M&A activity broker Jefferies also shone the spotlight on Cairn. "We roll forward Cairn due to its early position in the cycle of converting the SNE-1 discovery into 2P reserves," said analyst Mark Wilson. "Assuming Cairn trades at our price target of 222p/share [up from 175p] and converts its current WI [working interest] resources of 40% (i.e., no farm down) the stock would trade at US$11.0/boe for EV/2P reserves." However, using a typical M&A metric range of $15-17/boe and assuming 2P reserves roll forward as the above proforma, Wilson sees Cairn trading at $15/boe if the company were to carry net debt of $500 million. Limit cash burn to its existing cash balance of $869 million, bring UK North Sea production on stream in 2017 and keep an ungeared balance sheet, and that could hit $17/boe at an implied target price of 315p.
11/3/2015
13:04
bones30: > again for you to be correct that the Indian assets are viewed as worthless by the market then the share price would not have dropped today would it , surely you can grasp that? The bill was larger than expected but is due to a retrospective tax change so therefore just as invalid as before but will have unnerved the market. Market always overshoots. As I say though, fundamentals are strong here. This will get sorted out in the international courts and India will have to pay for all the financial inconvenience on top of releasing the asset so that CNE can sell it, I'd imagine. Heck they have stopped them selling it when the oil price was high too, again, more compensation potential. The market may have been pricing in a degree of optimism that they may back down without CNE having to go down this road so again the reason for the drop. Drop way overdone though. > Almost always these kind of shares on this kind of news end at day lows. Sounds like clutching for straws.
11/3/2015
12:52
rugby: again for you to be correct that the Indian assets are viewed as worthless by the market then the share price would not have dropped today would it , surely you can grasp that? The market has sent the share price lower 32p on this news so how can this news already have been priced in??? Surely this drop is adjusting the share price to news and new opinion that views the Indian assets as now worthless? otherwise why drop 30p??? That said the Indian assets are are only worth 20p per share, so i would suggest the market are taking this seriously.
20/2/2015
15:39
jeffcranbounre: On today's ADVFN podcast I chat to Zak Mir, who charts Cairn Energy. To listen to the podcast click here> http://bit.ly/ADVFN0132 In today's podcast: - Tomorrow we start a new podcast, with a difference. It will be covering the basics of investing plus we profile one company per week I intend to invest in. If you subscribe at SharPickers.com I'll send you the odd email featuring resources, my shortlist, portfolio and target prices of the company profiled etc. - Technical Analyst and PR at Materinvestor.co.uk Zak Mir chatting and charting Centrica #CNA Tesco #TSCO Cairn Energy #CNE MX Oil #MXO Tyratech #TYRU Trista Resources #TSTR and SolGold #SOLG Zak on Twitter is @ZaksTradingCafe - The micro and macro news - Plus the broker forecasts   Companies mentioned in the podcast include: Centrica #CNA Kingfisher #KGF Persimmon #PSN Standard Life #SL. Cairn Energy #CNE Nostrum Oil & Gas #NOG NetPlay TV #NPT Tyratech #TYRU Essentra #ESNT Spire Healthcare #SPI Tri-Star Resources #TSTR Bovis Homes #BVS UK Oil & Gas #UKOG MTI Wireless Edge #MWE SolGold #SOLG Crest Nicholson #CRST Man Group #EMG Bank of Georgia #BGEO Tesco #TSCO BP #BP. Royal Bank of Scotland #RBS Diamondcorp #DCP MX Oil #MXO Serco #SRP   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
28/9/2014
22:56
flyingbull: CNE Friday trading summary: Circa 1.6 million shares traded (average circa 1.5 million in recent weeks). Share price slightly down -0.6% at 182.9p. FAN-1 could add c.22p to CNE's share price on risked basis according to a recent internet news article. Presumably c.88p on unrisked basis if chance of commercial success is 25%???
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