Cairn Energy Share Discussion Threads

[leedslad001] 16/9/2020 11:59

Verdanta just won a 500 million case against India going to be an expensive year for them lol

[dunderheed] 15/9/2020 11:40

Yes exactly. Me, (and it is only a suggestion) I think, that maybe just maybe, they have an inkling of what it will be and they have a finance derivative set up that attributes some value to this - because I personally believe the In'juns will not accept or come up with any cash but, may well offer some form of (transferable) tax incentive to CNE? The mgt of Cairn seem awfully confident that this is all tied up and that there will be, money a coming? I think the previous FD, who created this set up is now at PHAR (MD?!) and has completely mucked things up there as well, lol! Again all IMHO as may have been the chap who set up Bowleven ("lifestyles o&g") company who set up this corporate structure? Again all imho of course. Does anyone know (definitely) who it was that set up this structure - out of interest - because it really mucked things up for CNE cash-flow - but probably inevitably (ironically) saved them spending more money at Senegal / Mexico I suppose?!

[frazboy] 15/9/2020 10:14

Dunderheed - you've got me wondering now!Https://investegate.co.uk/cairn-energy-plc--cne-/rns/india-arbitration-update/202007210700055308T/So, the tribunal will announce the 'award' (publicly, I assume) and the timing is not controlled by Cairn or the Indian government. That's my take.

[dunderheed] 15/9/2020 09:46

I believe judgement has been made has it not? I've got to admit for such a (supposedly) clear cut case it does seem to be drawn out? All imho of course.

[hubshank] 15/9/2020 09:40

Surely they would need to be more specific as to when judgement to be made by. Getting impatient! :-)

[dunderheed] 15/9/2020 09:19

They've had the tribunal ages ago. They are just awaiting judgement now.

[hubshank] 15/9/2020 08:59

If there is a tribunal, then there will be a date for the hearing, and an announcement will follow once an agreement has been made. That date is the all important ingredient.

[frazboy] 15/9/2020 08:48

Surely, the tribunal makes the decision, and then it's publicly announced?

[hubshank] 14/9/2020 17:12

leedslad - and negotiations will take place behind closed doors! Sit and wait then....

[leedslad001] 14/9/2020 15:26

They will have to announce as soon as result

[hubshank] 14/9/2020 14:51

Do you think they might make the announcement with the results on 29th? The only downside of that is the 2 things might be better served independent of each other! Technically British summer time ends at the end of October....

[leedslad001] 11/9/2020 15:55

Should be getting news on India any day now summer nearly over

[frazboy] 08/9/2020 08:38

Share price is strong here, particularly given recent weakness in POO. Kraken and Catcher are performing well (Premier's and Enquests results indicate that production in H1 and probably H2 will at the upper end, or exceeding, forecast), and now the deal has been preempted the biggest uncertainty is India. Any day now, perhaps?

[frazboy] 04/9/2020 10:35

Yesterday's news really - its irrelevant as it's been preempted.

[knowing] 04/9/2020 10:32

Https://www.offshore-energy.biz/no-objection-from-far-to-cairns-sangomar-sale-to-lukoil/

[leedslad001] 03/9/2020 15:58

Heading towards my first target 150 without news

[dunderheed] 02/9/2020 12:02

Exactly and tbh it aint f all to do with CNE now anyway - they got slightly less than I was hoping for but are in a much much better position than "before". I still think they're relatively expensive - but if India comes in - which if you believe mgt will do - then I am sure the FD (who is definitely the best FD they have ever had by a long long mile) will package the "settlement" into some form of saleable "instrument" which will have some value. The interesting thing will be, if it doesn't come in (!) because wtgr to mgt. they have been saying for (how many years...) what a sure thing it is - then if so why on Earth has it taken so long?! To be clear I no longer hold any CNE shares however have "traded" them in the past, I have no trading agendas at all - because imho there are far better opps elsewhere. All imho and DYOR. Best of luck all.

[frazboy] 02/9/2020 11:16

Dunderheed - agree, it's not that Woodside want so much, I expect another FO later which they can control.

[dunderheed] 02/9/2020 09:26

All the previous costs were free. They are (expensive) operators and lo and behold they could find savings in their respective budgets. Seriously what's another 13%, when you can package it together and divest a higher amount later - if the development is so good anyway?

[hsfinch] 02/9/2020 08:21

It's not free. They'd have to cough up 81% of 4.5 billion. It's too much for them. They'd be gambling that they'll be able to farm it out.

[frazboy] 02/9/2020 08:20

I didn't think they would want ~70% but... here we are!

[hsfinch] 02/9/2020 08:19

They won't want 82%. It's just too much.

[dunderheed] 01/9/2020 08:46

Agree but again if its relatively free, why not? They may be (further) incentivised to find capex or other cost savings now as well?

[rogerlin] 01/9/2020 08:37

https://far.live.irmau.com/irm/PDF/f67c5b9c-345f-4489-8b62-340e0128976f/SangomarUpdate FAR's recent update on these things. Perhaps Woodside have enough already?

[dunderheed] 01/9/2020 07:08

Why on Earth wouldn't Woodside pre empt such terms hsf?