Cairn Energy Share Chat (CNE)

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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
	-5.20p	-2.44%	208.00p	208.00p	208.40p	215.80p	206.60p	213.40p	1,822,316	16:35:17

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	24.7	189.8	33.7	5.9	1,226.16

Cairn Energy Share Discussion Threads

Showing 14951 to 14974 of 14975 messages

Chat Pages: 599 598 597 596 595 594 593 592 591 590 589 588 Older

Date	Subject	Author	Discuss
15/2/2019 17:45	Profit taking. But that arbitration result is coming soon and could take cne to 300p.	hsfinch	Read Full Thread Reply
14/2/2019 11:06	Share price reaction today a bit disappointing? Perhaps a bit of short term consolidation in place?	dunderheed	Read Full Thread Reply
14/2/2019 09:39	Yes apologies thank roger - much appreciated!	dunderheed	Read Full Thread Reply
14/2/2019 09:35	Thanks rogerlin :)	inntolife	Read Full Thread Reply
14/2/2019 09:11	Fair enough fraz - I am just a tight b!!	dunderheed	Read Full Thread Reply
14/2/2019 09:04	Day rate looks okay to me.	frazboy	Read Full Thread Reply
14/2/2019 08:52	Quite bloody expensive? Don't want to sound like an idiot ramper but I do think 2019 could be a very rewarding year for Cairn. I have such respect for them - they just get on and drill - simple.	dunderheed	Read Full Thread Reply
14/2/2019 08:47	https://www.offshoreenergytoday.com/cairn-hires-maersk-drilling-rig-for-offshore-exploration-in-mexico/	rogerlin	Read Full Thread Reply
13/2/2019 10:06	Yes agree I hope this is not traders buying in for news and not allowing for the fact it may not arrive until end of March? Whilst I fully appreciate it can come in any day it may go to the wire as well? Either way I see fair value at this price if Brent can come in at or around $65 for this year? Interesting to see what happens over the next 6-7 weeks?	dunderheed	Read Full Thread Reply
13/2/2019 08:23	This feels like the classic 'minnow getting ready to drill a high impact wild cat' scenario...except that it's a well diversified mid cap e&p company. But the excitement is definitely building to that arbitration result.	hsfinch	Read Full Thread Reply
12/2/2019 14:00	Dunderheed, I thought I read/ heard Dec 18 somewhere too! That's why I loaded up early Dec at 190p only to see this beaten down to 140p within a few weeks. Knew this one would bounce back and have a significant holding here thinking along the same lines of c30-40% gain on a favarouble outcome. All will be revealed within the next 6 weeks. Super excited about this!	valuehunter1	Read Full Thread Reply
12/2/2019 11:58	hsfinch - ah ok thanks matey - don't know why I thought December. Yes if they say Q1 - best to expect March 31st lol! So actually probably will not hear until (hopefully) very early April!! All imho, dyor and best of luck all.	dunderheed	Read Full Thread Reply
12/2/2019 11:49	I heard or read Q1 for Indian arbitration result. That's why I'm saying March. Otherwise I agree. Exciting times.	hsfinch	Read Full Thread Reply
08/2/2019 08:01	I think we'll hear in March. Need to get the SNE farm down show on the road in Q2. And then U.K. Norway Mexico exploration later. It's going to be an exciting year for CNE shareholders.	hsfinch	Read Full Thread Reply
07/2/2019 08:39	I've been buying heavily here with my OPHR proceeds, this is the next one I'm targeting as see the arb outcome as a one off opportunity. Been just over 5 months now since the closing statements, I'm hoping before the end of Feb a decision is made.	valuehunter1	Read Full Thread Reply
07/2/2019 07:55	Yes thanks Dunderheed for those comments. I saw somewhere in an update from FAR that the tribunal usually comes to a conclusion in six months, if they don't start till July that is still a year, speedy of course when compared with the Indian arbitration but nonetheless tedious if it prevents CNE from selling down if that is what they wish to do! E&P is dicey enough without these legal problems.	rogerlin	Read Full Thread Reply
06/2/2019 12:19	Thanks, Dunderheed. Yes, I expect you both to do well here, Hsfinch and Dunderheed. For myself, I am happy with my low risk profit. :-)	ed 123	Read Full Thread Reply
06/2/2019 11:56	Best of luck Ed. I'm holding as per post 3580 - I think the arbitration result is a done deal in Cairn favour (imho and it is just that lol!!). It'll be the extraction of money from the govt. that is the issue (again imho) but Cairn are good deal makers and think there'll be some form of significant compromise?	dunderheed	Read Full Thread Reply
06/2/2019 11:33	Brokers and banks have turned bullish on cne. And it's mainly due to the prospect of arbitration win in India. When they drill an exploration well, chance of success is 20% if you're lucky and NPV impact might be a couple of hundred million dollars also if you're lucky. In the arbitration, chance of success is better than 50% and NPV impact could be a billion. It's a pretty unique situation. When you consider all the other positives, cne looks very attractive indeed. Fill yer boots. IMO.	hsfinch	Read Full Thread Reply
06/2/2019 11:13	Hi Dunderheed. I agree with all your comments about the prospects of Cairn. However, although I very much doubt it, it's possible that the arbitration could against Cairn. Consequently, I have opted for safety and taken my profit. It's likely that I'll buy back into Cairn at some point, as it's been one I've traded from time to time. Good luck to holders.	ed 123	Read Full Thread Reply
06/2/2019 10:55	Ed I am ambivalent here but do have a few thousand invested in small profit. I intend to hold for a couple of months or more (at least) as really Cairn are in a good position imho. I think they will successfully farm down Senegal post fid so don't really see debt as an issue? Then they've got Me'ico which could be massive? Tight fiscal terms but got to be significantly value adding in the event of discovery? They can swing both ways price wise quite wildly though lol!! All imho and dyor. EDIT then there's India arbitration of course which is potentially a big Brucie bonus!! (Which could "drop" anytime now?)	dunderheed	Read Full Thread Reply
06/2/2019 10:40	Yes, they are leaving. Declared shorts at or above 0.5% have fallen from about 4.1% four weeks ago to 2.89% today. Some will doubtless have lost money on their shorts. Interestingly, one (Marshall Wace LLP) has gone against the majority and has been increasing the size of its short over this period. A longer term play by them perhaps? Or, possibly they expect Cairn to lose the arbitration? Who knows? Whatever, the size of their paper loss has been growing and they have been actively adding to the size of that loss.	ed 123	Read Full Thread Reply
06/2/2019 10:17	When is this bloody indian arbitration getting settled? I'm not a chartist but does this look like 2gbp may go then onto 220's quite quickly? R the shorts leaving?	dunderheed	Read Full Thread Reply
02/2/2019 10:30	roger it does appear to imply that. I for one - not legally qualified but have come across a few of these before in my 'travels' cannot see this 'as is' being legally enforceable. There are precedents that would allow FAR to acquire their respective proportion of equity in the divested stake - but why this is difficult - as I understand it - is that this was 'corporate' wrapped in a company vehicle - hence WPL acquired the company and not just the 'asset'. i.e. there could be a legal argument that the incorporation of the asset was 'unfair / prejudicial' and hence perhaps FAR could have acquired their respective portion of this company? To be really honest though - at the end of the day the govt have ratified this deal hence any arbitration can find what it likes - can it not (?) - the govt then tell it to f off and companies can choose whether to invest in such an environment. From my limited uninformed perspective I think FAR are onto a loser here if they think they can buy the whole lot - as this would still require govt approval that they are 'able' operators - but of course they will have very well paid barristers who obviously advise differently and again from my perspective perhaps they 'may' be able to acquire their respective proportion of COP's share - which if found in that manner and legally enforceable will simply lead to an offer from WPL to compensate FAR for this 'loss'? I also think FAR are just chancers, (very good ones lol but they will be burning a lot of bridges by following this action....) All imho of course and as ever dyor!!!	dunderheed	Read Full Thread Reply

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