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
  -4.40p -1.64% 263.20p 263.00p 263.40p 270.40p 261.80p 269.00p 721,264 12:44:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 24.7 189.8 33.7 7.8 1,549.95

Cairn Energy Share Discussion Threads

Showing 14701 to 14725 of 14725 messages
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DateSubjectAuthorDiscuss
17/5/2018
11:03
Highest share price since Jan 2014. Can anyone recall when the India tax standoff started?
eipgam
17/5/2018
08:14
Can someone summarise the AGM statement and why we are rocketing?
romeoandjuliet
15/5/2018
12:57
eip - they'll probably win but will the Indians respect the 'treaty' lol?! They don't seem to be respecting many of their own high court tax judgements so I'm not too hopeful about this one. Dyor and all imho of course.
dunderheed
15/5/2018
12:53
Ooops! I missed the AGM statement.... Still singing the same song on India "We remain confident in our position regarding the Indian tax dispute. International arbitration proceedings are well advanced with the final hearing of our claim under the UK-India Bilateral Investment Treaty scheduled for August in The Hague with an outcome expected in Q4 2018."
eipgam
15/5/2018
12:39
eip, I think the next bit of good news will be Senegal? Then India but don't hold out much for that personally!! Plus POO good at the moment?
dunderheed
15/5/2018
12:38
All the 3's, reserved for Saul
dunderheed
15/5/2018
12:29
Looks perky... maybe someone is taking a position ahead of possible news?
eipgam
15/5/2018
10:25
Share price looking strong. Anyone going to agm?
dunderheed
12/5/2018
11:27
Haven't Cairn got some Norway stuff progressing nicely? I think the India thing will go on and on, has India re-paid any of its tax money yet? Didn't Shell and Vod win there but are still yet to see a bean? Just asking I don't know I hasten to add. CNE appear to have some very good explor blocks in Mexico though for spud sometime next year? Looks reasonable value to me and a hold at this price. All imho and dyor of course.
dunderheed
12/5/2018
09:50
Thanks to Alex Newman at the IC - Cairn’s multiplier effect In the long run, Rockhopper’s funding requirements for Sea Lion may be aided by success in its arbitration with Italy, which the oil group believes breached an Energy Charter Treaty when it blocked the development of the Ombrina Mare field. Peculiarly, Cairn Energy (CNE) finds itself in a similar situation. This year, the FTSE 250 constituent should finally receive a judgement on a long-running, high-value tax dispute with India. Cairn believes it has been unfairly affected by India’s decision to block the disposal of a residual 10 per cent stake in Cairn India in 2011, and has a “high level of confidence” in its claim for $1.1bn compensation plus costs. A windfall of this magnitude, equivalent to 115p a share on Numis’s estimation, would have the added bonus of strengthening Cairn’s hand ahead of its FID on its Sangomar Deep (or ‘SNE’) discovery offshore Senegal. Indeed, $800m would cover Cairn’s costs to first oil, expected in 2021 at the earliest. Then again, you would imagine that recent developments in the oil market have only served to strengthen the investment case, regardless of the outcome of the Indian arbitration. With cash starting to flow from Cairn’s working interest in the Catcher and Kraken fields in the North Sea, it may be in a better position to fund SNE-1 than many are assuming. Naturally, Cairn could help itself by farming out or selling a portion of its 40 per cent stake in the project – a possibility Canaccord Genuity believes is likely to face hurdles. Yet with a 10 per cent break-even at $35 oil, SNE-1’s economics are hardly a turn-off. If Brent flatlines at $60, Cairn forecasts an internal rate of return (IRR) of 32 per cent. A 25 per cent IRR at $50 a barrel isn’t to be sniffed at, either. With appraisal activity complete, Cairn and its SNE partners now just need to file an evaluation report, with government approval expected by the end of 2018. Verdict: Positive -----
gersemi
09/5/2018
13:43
Just had a four year high SP
eipgam
20/4/2018
08:41
https://www.financialexpress.com/opinion/why-pm-modi-needs-to-just-say-he-will-honour-cairn-ruling/1135498/
rogerlin
19/4/2018
17:22
Modi was in town yesterday... i wonder if it was discussed?
eipgam
18/4/2018
22:16
Injuns are Injuns!
f1araway
17/4/2018
09:00
Yes I think thats a very realistic assessment of Cairn's Indian tax difficulties rogerlin.
xxnjr1
17/4/2018
08:38
https://www.bloombergquint.com/business/2018/04/15/income-tax-department-seizes-cairn-energys-rs-440-crore-dividend-income With interest and penalties this tax demand is beginning to stack up, if it exceeds the value of Cairn's 4.95% holding in Vedanta and the arbitration goes against Cairn that would not be a good outcome. Cairn have repeatedly said any liability would only be in respect of their position in India, yet Simon Thompson now appears to be saying that they will abide by the result of the arbitration. But the Indian government have not agreed to abide by the result and indeed it seems quite likely that they would not.
rogerlin
17/4/2018
07:51
http://www.npd.no/en/news/Exploration-drilling-results/2018/342-5-S/ Raudasen is dry.
rogerlin
16/4/2018
13:44
Thanks for tax updates... still in the balance, but I favour holding for a positive result. I wonder why the Indian govt needed more time before Hague decision? One would've thought that their case was formed and finalised when they levied the demand in the first place...
eipgam
16/4/2018
07:54
https://economictimes.indiatimes.com/industry/energy/power/we-want-all-to-abide-by-results-of-arbitration-simon-thomson-ceo-cairn/articleshow/63775540.cms
rogerlin
16/4/2018
07:50
... which contrasts with the Agenda column in the Sunday Times which highlighted the the chance of a positive settlement to the Indian tax dispute. Only 4 months to go so if a positive outcome is even a possibility, we should start to see it priced in
frazboy
15/4/2018
20:55
hTTps://www.deccanherald.com/content/670597/income-tax-dept-seizes-rs.html 15/4/18 - The Income Tax Department has seized a further Rs 440 crore of dividend income due to Cairn Energy, to recover a part of the Rs 10,247 crore tax demand it had raised on the British firm using a retrospective tax legislation.....
xxnjr1
10/4/2018
09:59
May be a few more days then as Aker BP well (6507/5-8) completed 27/3, 4 days before 34/2-5 S.
xxnjr1
10/4/2018
08:19
There's a dry well announcement by Aker BP this morning but fortunately a different well! I think all wells have an NPD announcement, things properly organized in Norway. Eventually a full report of the strata encountered and sometimes core pictures appears on the Fact pages well list.
rogerlin
10/4/2018
01:38
News Releases on Well Results can be found at hTTp://www.npd.no/en/news/Exploration-drilling-results/ Not sure if there's one for every exploration well. There do seem to be quite a few dry well announcements in there, so from NPD's perspective, maybe yes?
xxnjr1
09/4/2018
20:06
Do they have to publicise in Norway? If not, immaterial and not worth rns'ing?
dunderheed
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