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
  -14.20p -6.63% 200.00p 200.20p 200.40p 212.80p 199.60p 210.60p 4,873,613 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 24.7 189.8 33.7 5.7 1,179.00

Cairn Energy Share Discussion Threads

Showing 14826 to 14849 of 14850 messages
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DateSubjectAuthorDiscuss
19/10/2018
08:22
https://www.livemint.com/Companies/GpE4eEO2nhcgaX8byRF3TM/India-set-to-step-up-efforts-to-recover-tax-dues-from-Cairn.html
rogerlin
17/10/2018
18:03
I'd imagine there aren't many places (offshore) it is 'difficult' to drill with a 6th generation drill ship!
dunderheed
17/10/2018
16:55
O/T Namibia seems quite easy to drill with a 6th generation drill ship. Poseidon's rock penetration rates very impressive down there. Prospect "S" 251.5m/day. Cormorant 165.4m/day. Day rates for drill ships have dropped from $600K/day to $175K/day. Given that, it's amazing Ocean Rig willingly got the job done so efficiently without stringing it out a bit.
xxnjr1
17/10/2018
08:30
Yep either infamous technical problems or good discovery?!
dunderheed
17/10/2018
08:28
I see the Ocean Rig Poseidon just drilled a well off Namibia in 10 days, a duster admittedly, lets hope the time taken at Ekland and Agar-Plantain reflect positive outcomes!
rogerlin
16/10/2018
12:41
Ekland has been a longer drill than scheduled rogerlin. About 65 days so far? Agar-Plantain may have another 15 days to go, assuming last re-spud on 23/9 was for the whole works.
xxnjr1
16/10/2018
07:51
Nautical engaging tugs to move the Ensco 101, Ekland done then but not even a tweet about the result.
rogerlin
09/10/2018
16:51
https://itportal.ogauthority.co.uk/web_files/relinqs/nov2015/P1802.pdf Some old stuff about Ekland with diagrams.
rogerlin
05/10/2018
19:11
"We’re currently in two wells, Ekland and Agar Plantain. One operated by Cairn, the Ekland well and we anticipate results for those wells towards the end of this month". That was September, some re-spud delays at Agar Plantain I think but news from Ekland soon?
rogerlin
25/9/2018
09:42
Mexico is the only reason I'm here lol. India - I've written off - they may win but they'll never see the money and actually the costs to date and of chasing have got to be about $5MM now plus mgt time dedicated to this previously and in future plus ongoing third party costs moving forward - start to get really expensive - imho? Senegal - I know people on here see FAR as an irritant - which I think is patronising - but it remains they have got this issue into an arbitration court and this is an achievement in itself and means there is some concept or argument to be debated. I'm sure they can be bought out for say $10MM plus legal costs but again it potentially holds things up and causes an amount/element of uncertainty? N Sea looking ok but I think there are inevitable problems with some of the production that is being 'ignored' at the moment imho? All above imho but I am still confident "Mecico" will be the next Senegal and less 'complicated' although I expect the fiscal terms to be significantly less generous which will hopefully cause a woosh next year lol! Best of luck all.
dunderheed
25/9/2018
08:29
I like this stock. Production, development, low impact exploration, high impact exploration, oil price outlook and the Indian claim make it really interesting at current prices.
hsfinch
24/9/2018
13:37
Hi Rogerlin. I've read that White Industries had to chase this payment for about 10 years but they did eventually receive a payout of A$9,812,077, which was the initial arbitration award plus fees plus interest. Cairn's claim is far bigger than this, so if Cairn does win, (imo) it is virtually certain that India will use a series of legal challenges to either get the award annulled or to seriously delay making any payment. Back to the share price today, at 228p it looks to be getting back into the previous 225-240p channel. The FAR Woodside dispute is a nuisance, though Cairn say the project continues to progress. If that gets sorted, then maybe the share price rises to a new channel? 250-270p? Very hard to predict what any new channel would be when the India arbitration is decided. Win or lose? I think the downside is limited because of the amount that India has already seized. Upside, 100p gain if the the market believes the award would get paid? Who knows? Then 12 months from now, the first of maybe four exploration wells in the highly prospective Mexican Gulf should be underway. Bought some of these in the recent dip. Need to decide whether to hold for the medium term or take the short term profit.
ed 123
19/9/2018
08:48
The growing number of claims being brought by foreign investors against India is a significant factor in explaining why India is now looking to exit its various BITs. More than 10 cases have been brought against India over the past five years. The only concluded case is White Industries v India, where the Tribunal ruled against India and ordered damages in favour of an Australian investor. The case related to excessive judicial delays for the enforcement of an ICC arbitral award. I can't find any information as to whether White Industries ever got paid.
rogerlin
17/9/2018
14:06
Up 4.5p today at 216p. No news that I can see. Algorithm traders turned net to long? Might get back into the 225-245p channel? We'll see.
ed 123
14/9/2018
13:28
Cheers xxnjr1.
dunderheed
14/9/2018
10:44
sorry, and 50% of "farm in" well, although only 25% of rest of block. Agar-Plaintain is a "2 for 1" well in itself:- "A well is planned for 2017 (sic) to appraise the Agar discovery and down-dip potential of the Plantain prospect." more here hTTp://azinorcatalyst.com/wp-content/uploads/2018/01/AZC_Agar-Plantain-Opportunity-Flyer_Jan2018-1.pdf
xxnjr1
14/9/2018
10:31
No probs Dunderheed - I'm quite proficient at mis-remembering things on the TLW BB :-) The other well drilling is Ekland (CNE 45% Operator), which is relatively small beer at 29m bbls gross. finkie - thanks for advice, sometimes I do that too.
xxnjr1
14/9/2018
10:14
Ah sorry 3443, Cairn relatively small holdings for me and it was something I read somewhere and mis-remembered, but to be clear, they are currently drilling two non operated wells at the moment now - with quite high equity? These filler wells, away from the headliners, can really help build up 2p reserves.
dunderheed
14/9/2018
10:12
xxnjr1 - how about doubling down if you believe in CNE long term, i found selling at a loss and re-entering later is hard to execute, you crystalise the loss then sometimes miss the bounce and end up panicking and buying in at a higher price than ever contemplated. If you don't think they are going bust then just buy more at 180p 150p etc???
finkie
14/9/2018
10:10
It seems Azinor are operating the 9/14a-17 well on the Agar Plantain Prospect, which was spud 24/8, expected to take 28 to 38 days to drill and complete. "Catalyst will retain operatorship for the proposed appraisal well with Cairn acquiring an option to take over operatorship in the future with respect to the Agar Plantain project."
xxnjr1
14/9/2018
08:42
Yes and that's what I meant by left side posted earlier. 'Suddenly' operating an exploration well that as far as I was concerned, had never been mentioned b4 but, I've got an old man's failing memory of course lol!!
dunderheed
14/9/2018
08:24
Knew there was one drilling now (a recent farm in from memory). Looks like I'm getting "2 for 1" now :-) I had better study the presentation. This CNE BB is a really nice discussion forum. Informative and level headed. Appreciate the excellent comments various posters have made over the years.
xxnjr1
14/9/2018
08:14
3437, this is the point so what lol!! If the Indian govt ignore Shell and Vodafone what chance does little old Cairn have, especially considering the Indian govt are questioning the jurisdiction of said arbitration!?! Tell you what though, if any little oil and gas company could do it, I'd put me money on Cairn!!
dunderheed
14/9/2018
08:11
Bought a few. If it keeps going down I'll flog them and re-enter later.
xxnjr1
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