Cairn Energy Share Chat (CNE)

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

Chat Pages: 594 593 592 591 590 589 588 587 586 585 584 583 Older

Date	Subject	Author	Discuss
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
17/10/2018 08:30	Yep either infamous technical problems or good discovery?!	dunderheed	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
09/10/2018 16:51	https://itportal.ogauthority.co.uk/web_files/relinqs/nov2015/P1802.pdf Some old stuff about Ekland with diagrams.	rogerlin	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
14/9/2018 13:28	Cheers xxnjr1.	dunderheed	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
14/9/2018 08:11	Bought a few. If it keeps going down I'll flog them and re-enter later.	xxnjr1	Read Full Thread Reply

Chat Pages: 594 593 592 591 590 589 588 587 586 585 584 583 Older

Your Recent History

LSE

GKP

Gulf Keyst..

LSE

QPP

Quindell

FTSE

UKX

FTSE 100

LSE

IOF

Iofina

GBPUSD

UK Sterlin..

Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.