Cairn Energy Share Discussion Threads

[oilslick1] 27/11/2020 18:56

Does anyone know what a ‘type 28 trade’ is? I see that 1.2 million shares have changed hands at £1.61 and was struck at 4.35 pm. I don’t know if it is significant.

[hubshank] 27/11/2020 18:39

Yes just seen that....

[leedslad001] 27/11/2020 17:00

1 million buy in auction mark up Monday morning

[dunderheed] 24/11/2020 14:08

Mate I haven't a clue about that. I personally still cannot "see" it - but the "mgt" seem very very very confident - which makes me think some kind of "tax" related deal will be made and then packaged up and sold off for some wonga? Or, if they fail in the arbitration - all the "mgt" are for the chop lol! All imho of course.

[leedslad001] 24/11/2020 13:59

I'm looking for 3.50 with our Indian money in the bank :-)

[dunderheed] 24/11/2020 13:54

Leeds - do you not think they may have been over valued then? Mkt. expecting better divestment - also pricing in India stuff which should have been sorted (what?) about ten years go!!

[dunderheed] 24/11/2020 13:52

Oh christ on a bike - just thought - hopefully not people getting all excited about a possible acquisition and then finding out its PHAR - what a wet fart that would be? Just commenting because PHAR share price "re-valuing" quite a bit at the moment as well? Ohhhh mummy.... All imho of course.

[leedslad001] 24/11/2020 13:51

Disagree they were trading 2.00 -2.50 pre Covid now they are in a better position financially with the disposal so no reason for them to bee 2.00 now without news

[dunderheed] 24/11/2020 13:49

Absolutely CNE well over valued on cash flow / profit multiples / EV at the moment - or WHATEVER IMHO. This has to be India related. CNE sold Senegal probably at the worst time possible in last few years - but again IMHO did the right thing by selling at a (potentially) fair potential loss - but releasing them from a very high capex operator who seems to be running this for the good of Head Office Australia - bwtfdik? So its not upside from that transaction completing IMHO? Exciting times - well would be for me - if I were a holder lol!

[frazboy] 24/11/2020 13:42

I'm with Dunderheed. The share price is pricing in (increasingly) good news from the arbitration - the cash flow impact of the oil price due to the vaccine isn't the cause of the share price rise.

[leedslad001] 24/11/2020 12:48

It's just the oil price rising and the vaccine

[dunderheed] 24/11/2020 12:35

Wow - certainly looking like something has leaked?

[leedslad001] 24/11/2020 12:00

On our way to 2.00 without news

[oilslick1] 20/11/2020 13:22

‘Now is the winter of our discontent’

[chess123] 19/11/2020 16:34

Looking forward to friday, sad to see the drop today, thought could start moving to 170 it is shares after all.

[chess123] 19/11/2020 14:27

Oilers all been hammered today, yet oil price is up, still no news.

[leedslad001] 19/11/2020 11:42

Happy to have pull backs makes the moves higher more sustainable

[chess123] 19/11/2020 09:30

What a Difference a Day makes, at least we are still in the high 150s notvthe low 130s .

[leedslad001] 18/11/2020 16:07

When we get our Indian money lol

[hubshank] 18/11/2020 16:06

Would somebody mind clarifying..... 40p special dividend is being awarded and mention of a second dividend. What is that one for? Many thanks.

[chess123] 18/11/2020 14:44

Agreed Hubshank: then we will see the share price at 200p should be great news, my own feeling is Indian government have thrown the towel in, they want and need investment and won't get it otherwise.

[hubshank] 18/11/2020 14:29

There has to be an announcement due....

[leedslad001] 18/11/2020 14:27

If you look back over the weeks at trading it always moves up more when US market opens

[chess123] 18/11/2020 14:16

I can see the share price 180p by Friday even without news, as it was at 134 a week ago , now 163p be interesting were we end up at 1630.

[hubshank] 18/11/2020 14:11

200 day moving average is 220 - assume that is the bench mark plus special dividends whatever they might be. We know there is at least 40p to come....