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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
  -2.50p -1.49% 165.70p 166.30p 166.60p 168.00p 164.70p 167.90p 746,966 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 976.83

Cairn Energy Share Discussion Threads

Showing 14451 to 14475 of 15075 messages
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DateSubjectAuthorDiscuss
28/7/2017
09:30
I understand what you're saying but perhaps an example of such a company would help? Faroe, Premier, Hurricane, Sound, Rockhopper, Bowleven? I've picked those pretty much at random but the only in the list which might follow such a strategy could be Faroe? What other companies did you have in mind?
frazboy
28/7/2017
09:18
Hmmmm .... Yes, but it's also about attitude to risk. I wrote "small to mid-sized" above because the majors are already shifting in that direction. Eg. look at Shell. http://www.telegraph.co.uk/business/2017/07/27/profits-surge-van-beurden-puts-focus-discipline/ They're repositioning to be ok with oil in the 40's, selling assets to maintain the generous dividend, with share buybacks a possibility.
ed 123
28/7/2017
09:00
I doubt that will happen for quite some time - the current trend in the industry is to chase projects with quicker payback times so perhaps 10 or 15 years down the line companies may start to shy away from projects which won't produce until the long term but not now. And even as Western economies cut down on oil consumption other nations will continue to burn HC at similar rates for a good few years yet. Don't get me wrong I hope and I'm sure that some of the more far fetched IEA forecasts for oil consumption will be proved wrong but for now I can't see any oil companies changing the way they do business other than perhaps to be more rigorous in cost control and more pessimistic on future prices in making FIDs. I agree though I'm sure it does have an impact on sentiment but I suppose you have to look at that as an opportunity!
frazboy
27/7/2017
19:59
Ta, Frazboy. :-) Brent up another 40 cents per barrel after London close, so maybe Cairn has a better day tomorrow. The various end dates for selling internal combustion engine cars are in the news again today. Although, they may be c. 20 years away, it knocks sentiment. I wonder when some small and mid-sized oil companies will declare their exploration sides closed, and just run the business to maximise the cash return to investors? There could be some nice income for investors?
ed 123
27/7/2017
18:46
I had been wondering why we had been under-performing the market and i'm sure the India story is some of the explanation but I see that the short positions are increasing Date: 18/05/2017 Price: 209.10 Pos: 0.5 Notifier(s): Canada Pension Plan Investment Board Date: 27/06/2017 Price: 168.91 Pos: 1.01 Notifier(s): RAM ACTIVE INVESTMENTS SA Date: 03/07/2017 Price: 177.20 Pos: 1.51 Notifier(s): Marshall Wace LLP Date: 12/07/2017 Price: 170.30 Pos: 1.61 Notifier(s): Marshall Wace LLP Date: 19/07/2017 Price: 174.10 Pos: 2.11 Notifier(s): BlackRock Institutional Trust Company, National Association Date: 24/07/2017 Price: 171.60 Pos: 2.21 Notifier(s): Marshall Wace LLP This may at least explains some of the trades I'm seeing. Average volumes on a typical day in CNE are 1.75m shares and shorters now have 2.2% (approx 12m shares) so the impact is pretty modest but interesting to note.
frazboy
25/7/2017
23:33
Datait = nuisance spammer. Filtered.
ed 123
25/7/2017
16:18
Solo Oil maybe odd-one-out among the Horse Hill players but analyst sees substantial upside 2017-07-25 12:32:00 Attention will turn back to Horse Hill in due course, meanwhile, investors are also looking to developments in Tanzania. onshore drilling operation More production testing is slated for Horse Hill later this year Among the Horse Hill partners Solo Oil PLC (LON:SOLO) is something of an ‘odd man out’ as the stock has not seen a re-rating. Solo, which also has assets in Tanzania, holds a 6.5% interest in Horse Hill which was the breakthrough in the emerging Kimmeridge oil play in the UK onshore Weald basin. Success at Broadford Bridge and Brockham – two other Kimmeridge projects – has driven other Horse Hill explorers such as UK Oil & Gas Investments PLC (LON:UKOG), Alba Minerals and Doriemus higher. UKOG is up some 750% from May’s placing price of 0.8p, while other Kimmeridge players such as Doriemus, Alba Minerals, and Angus Energy have advanced 100%, 170%, and 200% respectively. Solo, meanwhile, is actually down by around 22% during the past month. Without stakes in either of the other project’s Solo has not seen those direct catalysts, nonetheless, this summer’s results have no doubt de-risked the proposition for the development of Horse Hill. Attention will come back around to Horse Hill in due course, as the partners advance the project through the regulatory system for a planned long term production testing programme which is provisionally slated to get underway in the fourth quarter. Horse Hill is just one of Solo’s assets, though, with the company also partnered in a potentially significant gas project in Tanzania plus a new venture targeting helium resources, also in Tanzania. Altogether, the company’s assets could be worth much more than the present level. Lionel Therond, analyst for Capital Networks, for example, sees the potential for Solo Oil to more than double in value. READ the full Capital Networks note here The analyst, in a note, set out a valuation for the stock which sees the group worth 1.04p per share, albeit the valuation relies on the group’s to-be-developed project. “We believe that the non-producing assets in Ruvuma, Rukwa, Horse Hill and Isle of Wight have a defined path to monetisation,” he said. In Tanzania, Solo is partnered with Aminex which is presently advancing development plans for the Ntorya project after recent appraisal success. Aminex last week told investors that it continues to work with the state’s Tanzania Petroleum Development Corporation (TPDC) to bring arrears fully up to date. Updating on the Ruvuma area, meanwhile, Aminex said it is fully engaged with an updated basin model including a preliminary re-mapping of multiple stratigraphic fairways and updated resource numbers. At the same time, recently appointed consultant Io oil & gas is working on a gas field development plan for the Ntorya field, located in Ruvuma, and this is expected to be ready in September. “The Ruvuma basin modelling study is an important step in optimising the development of the Ntorya gas field and Solo continues to work closely with Aminex on this project,” Solo chairman Neil Ritson said at that time. “We look forward to being able to report the results of the study in the coming quarter." WHY INVEST IN SOLO OIL PLC? READ MORE HERE REGISTER HERE TO BE NOTIFIED OF FUTURE FUM COMPANY ARTICLES Related Articles Range Energy contractor spuds Shewashan-4 well 2016-11-10 15:38:00 Point Loma Resources poised for growth as its plans accelerate Point Loma Resources poised for growth as its plans accelerate 2017-05-24 08:52:00
datait
20/7/2017
07:43
http://www.woodside.com.au/Investors-Media/announcements/Documents/20.07.2017%20Second%20Quarter%202017%20Report.pdf Page 6 re Fan south "did not meet pre-drilling expectations".
rogerlin
15/7/2017
08:32
Yes frazboy thanks for that well informed comment on Kraken. It would be nice too to hear of the sail away for Catcher. PMO's latest comment is "Catcher on schedule for 2017 first oil; FPSO mechanically complete and final commissioning is well advanced prior to sailaway to the North Sea".
rogerlin
14/7/2017
12:42
Thanks, Frazboy. :-)
ed 123
14/7/2017
12:32
Afternoon Ed, I've done a little more research on the well location (using marine traffic (on the rig name), google maps, the seismic sections in the PMO handout etc) and I've come to the conclusion that the well is located more towards the eastern side of the PMO block, so it's unlikely, but not impossible, that this structure spills into our block. However, the block would still appear to be very prospective. I have re-entered here, but I'm holding back from taking a serious stake until we get news on... Kraken. It's almost half of my base valuation for the company - so I'm waiting for news that things are going approximately to plan (for what it's worth I see two technical risks i) 1000m HZ gravel packed wells are quite difficult to gravel pack! ii) i noted that the pumps (not ESPs) they were using had only been used in one other field). So I'm waiting to see how frequently those tankers offload (or for the Enq first half results due in early September). We have a 600k capacity on the FPSO, and i doubt we'll be producing at more than 10k - 20k bopd right now, so there's plenty of time to see the bits of the jigsaw fall into place. No particular thoughts on the OP, the super boom in investment from 5-7 years ago is still making its way through the system and masking the decline at the mature reservoirs. I'm optimistic 18 months out that we will see a higher price.
frazboy
14/7/2017
12:02
Hi all. I bought back in this morning. Had been watching for a while. Thanks again to Alan@bj for clarification of the India tax dispute. Thank also to Rogerlin and Frazboy. As we know, and the share price has fallen with the sector due to the poorer outlook for oil. Maybe the market starts to tighten by year end, though, as some suggest? Senegal is going well but what finally swung it for me was those Mexican blocks. Yes, very early days, and it might come to nothing in Mexico. However, Cairn's blocks look huge and in the right place. If they hit something big (next year perhaps?), then even at $7/bbl post tax and post royalty (Have I go that right?) it could be big for Cairn.
ed 123
14/7/2017
11:19
a little more information on the blocks here: hxxp://www.citlaenergy.com/news/citla-energy-wins-three-blocks-in-mexican-shallow-water-auction_11
frazboy
14/7/2017
11:09
Nice work Rogerlin It's block 9 that's next door which is Operated by Cairn (65% WI). PMO stated in their press annoucement that the structure appeared to be lap into the next licence area ("initial gross original oil in place estimates for the Zama-1 well are in excess of 1 billion barrels, which could extend into a neighbouring block") so even without drilling a wells or spending any serious cash we could see a few pence of accretion. Reasons for optimism if nothing else.
frazboy
14/7/2017
10:34
I thought the licence next to pmos was pemex which is due to be relinquished in august
robizm
14/7/2017
10:32
http://www.premier-oil.com/sites/default/files/presentation/zama-discovery-interim-update_0.pdf Diagram on page 3, not easy to make out the small print but one of Cairn's licences seems fairly adjacent to PMO's block 7.
rogerlin
13/7/2017
23:18
Do you have any information you would like to share chrysaor?
frazboy
13/7/2017
19:16
Kraken? Great question...
chrysaor
13/7/2017
11:20
I still haven't been able to find a map with both CNE's licence and Zama on it but it looks as if they are different block 7's because awarded in different rounds, and I saw a statement that the licence adjacent to Zama was held by Cemex. So likely no direct read through for CNE but perhaps they will issue a diagram some time! I think the tax in Mexico is high and so that will affect the value.
rogerlin
13/7/2017
10:40
I was speaking to a Geologist friend about the PMO discovery last night, I was expressing surprise at the discovery of such a large find in a 'mature' basin in shallow-ish waters near-ish the coast. it doesn't particularly help understand the value of Cairn's Mexico blocks, but he commented that it was to be expected that a NOC would be less than competent in its exploration. Like you I couldn't find good information on the block location, but the setting is similar (depth, distance from shore) so I'm hopeful that CNE will find something worth drilling in a couple of years time. However, it looks like the PMO find has been valued at roughly 1 to 1.5 dollars per bbl *of recoverable* (25% RF * 25% Working Interest * 1.5 bn STOIIP * price) giving a valuation of ~$140m. If you take those numbers at face value then CNE would have to find something pretty bit to be material.
frazboy
12/7/2017
15:10
I think both Zama and one of ENI/CNE's licences are block 7, but can't so far find a diagram to show them. Edit. A start but not entirely helpful as it doesn't show where Zama is. http://www.ogj.com/articles/print/volume-115/issue-6c/general-interest/mexico-awards-10-of-15-shallow-water-blocks-in-latest-bid-round.html
rogerlin
12/7/2017
14:43
https://uk.advfn.com/stock-market/london/providence-resources-PVR/share-news/PROVIDENCE-RES-Southern-Porcupine-Basin-Drillin/75218569 Perhaps hopes for an elephant in the Porcupine.
rogerlin
12/7/2017
13:25
Bit bemused by the spike this morning, perhaps a reaction to the PMO Mexican discovery. I've not researched to see how close their block is to Cairn's block. Or, perhaps just a reaction to the oil inventory data. Or a combo, obviously, but the algo iceberg trades seem to have pulled it back down. I wonder how Enquest are getting on with Kraken...
frazboy
11/7/2017
11:29
Yes, they trade in and out.
ed 123
11/7/2017
11:18
I gave up trying to understand what Blackrock do long ago. Not just with this share, but with several others I've followed. They seem to reduce their holding one week, then increase it the following week, and vice versa.
alan@bj
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