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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 14501 to 14524 of 15075 messages
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DateSubjectAuthorDiscuss
08/9/2017
08:28
thanks for the link rogerlin, interesting. Is January still the planned end of the tribunal, or is it a month or two later?
frazboy
08/9/2017
08:18
https://www.ft.com/content/b55df86c-8edd-11e7-a352-e46f43c5825d Thanks Steve that's good news, if we could solve the Indian tax dispute and have a massive find at Drombeg, all would come together nicely here!
rogerlin
08/9/2017
04:37
Good update from ENQ ref Kraken progress yesterday, and for those who've not noticed, PMO starting to get some more interest again as Catcher makes steady progress across the Arabian Sea.
steve73
07/9/2017
20:30
HNR Two wells successfully drilled with abundant oil and gas samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
29/8/2017
08:12
https://uk.advfn.com/stock-market/london/premier-oil-PMO/share-news/Premier-Oil-PLC-BW-Catcher-Sail-Away/75530766
rogerlin
23/8/2017
09:42
...following on from my earlier post I note that there are actually 4 DCs - whereas on my reference material I only see 3. So, with the 4th (presumably smaller than the others in terms of wells) one online they should make the 50k, but, they refer to "approximately" 50,000 in their release, so, I still think that overall production may not be quite as high as liked (I would have liked to see a little in excess of the 50,000). Fingers crossed.
frazboy
23/8/2017
08:17
Update from Enquest this morning which sheds a little more light on yesterday's remarks in the conference - a reasonable amount of detail on Kraken, perhaps the only disappointment is the stabalised rate of 15,000 bopd from DC1. Multiply that by 3 and you don't get 50,000 (edit: and DC1 has 4 producers)
frazboy
22/8/2017
16:12
I should have added that IC's "Value Tip of the Year" was made in January when the share price was 220p.
alan@bj
22/8/2017
16:10
Investors Chronicle update:- Our value tip of the year Cairn Energy (CNE) has had a bumpy ride so far in 2017, but half-year results for the Africa-focused oil and gas explorer were warmly welcomed by the market this morning. The group posted a net profit of $314m, boosted its estimated resources at the SNE field from 473 million barrels of oil (mmbbl) to 563mmbbl, and remains focused on a drilling campaign of 10 wells offshore UK and Norway between now and 2019. We remain buyers of Cairn, which ended the period with net cash of $232m.
alan@bj
22/8/2017
10:39
Yes, perhaps some relief, then exaggerated. Looking again, I see the shares have given back half this morning's gain. Not easy to predict. 3 months to 6 months is easier than intraday. Intraday, to me, has a biggish random element, dependent on some big traders' plays at that precise point in time.
ed 123
22/8/2017
10:30
Other than the improved 1C and 2C for SNE there really wasn't much to get excited about - and even that was, I think, flagged, prior to the results. Perhaps it was just a bit of a relief rally?
frazboy
22/8/2017
10:07
(Crossed with your post, Frazboy.) The market's a funny old thing. I read the results, thought 'to expectations' and sat back. The shares are now up almost 10% and I missed out. Looking for my excuses, it feels like there's more momentum trading these days? Moves being magnified? 'Clever' traders targeting the shorts, perhaps? Did anyone here think the results were better than expected and worth a 10% rise? Of course, the most likely reason is that I misjudged it, plain and simple ......... but it hurts to admit that. :-O Edit:- Your above post is a comfort. Ta.
ed 123
22/8/2017
10:02
Bit surprised at the mark up, it's an upbeat presentation and phone conference but 10%? A few points: 1) Kraken - there are commissioning issues but pumps and wells are okay, operator working to resolve these (heavy oil, keeping heat in system etc) 2) Catcher - there was some mention of an issue at Catcher about 25-30 mins into the call - I need to listen to this again (I wasn't really tuned in at that point) 3) Arbitration issue over Senegal not holding up the development 4) Aggressive NS exploration programme - up to 10 wells in the next few years (!?) 5) Kraken at 10% discount approx to Brent (over LOF) 6) No mention of India - yet! 7) All assets are for sale for the right price (followed remarks about v high Capex in 2019-2020) The conference call is worth listening to, I really don't know the angle the shorts were taking, but they were building up their positions as gloom was gathering over long term oil prices, that's my best guess.
frazboy
22/8/2017
09:49
Ta, Frazboy. Yes, that Kraken audit is an important event. Shares now up about 13p, after a slow start. Shorts had risen recently from 0.5% to 2.3%. Possibly some shorters got better (or less bad?) news than they expected and are now closing? Holders have something to smile about at last.
ed 123
22/8/2017
08:54
Perhaps something worth mentioning... the Vendata/Cairn stake is now worth $825m and they have had $105m of dividends confiscated, and $250m tax rebate withheld from 2010-2011, so the grand total is now $1.13bn - that's a lot of upside, if we believe Simon Thompson's argument that the downside is zero due to the holding company being located in India.
frazboy
22/8/2017
08:47
Ed - check post 3974 on the ENQ board - I don't think any news from Kraken was expected. Largely as expected, 1C number pushed up for SNE, and a phased development with phase 1 targeting the better quality lower reservoir unit, with I kinda like but it did make me wonder if Phase 2 would ever see the light of day.
frazboy
22/8/2017
08:24
Half year results out today. To expectations? Relief for holders that there's no adverse comment on Kraken? If there had been a problem they'd surely have had to announce? Catcher progressing. No mention of the FAR dispute with Woodside. Presumably it's not delaying anything? Might FAR be irritating Woodside, with the aim of wanting Woodside to buy FAR's 15%, and thereby remove the nuisance?
ed 123
11/8/2017
16:22
I figure you two are watching the other BBs, and if so saw the post about FAR trying to offload their stake. No takers for their 15% for $300m (apparently). I've been trying to figure out what their (FAR's) game plan is with respect to the pre-emption rights, perhaps they want simply to delay the process to buy time as they can't stomach the field development. However, as the Edison analysis shows, FAR's valuation looks excessive in comparison with Cairn, so I'm not sure what the market would think if they were to sell out. All speculation. Have a good weekend.
frazboy
07/8/2017
17:03
http://www.far.com.au/wp-content/uploads/2017/03/20170306-FAR-Investor-Update.pdf Maybe it is an elephant Ed 123, it's figured in this presentation by FAR (Slide 14) and in the Cairn April 2017 Investor presentation (Slide 12) as some way north of Sirius so maybe the sands could thicken up there, but the cross sections in both presentations are east to west and so not very helpful (there seem to be quite a lot of sand layers too!). But I don't think they are going to drill any more for a while. CNE will want to conserve cash and Woodside can scarcely be expected to rush about now FAR have started arbitration on pre-emption rights.
rogerlin
07/8/2017
14:22
Ta, Rogerlin. I guess I saw a simplistic view (it looked like a prospective elephant field!).
ed 123
07/8/2017
09:02
Ta, Frazboy and Rogerlin. I'm looking at a map of the block, which shows this SNE north-1 well to be located close to the southern extreme of an aerially large structure. There may be a thicker reservoir and more pay toward the centre of the structure? We can't know till someone returns and drills. Could that be what Thomson is alluding to ... "The SNE North well results are encouraging in terms of further prospectivity and implications for the full block potential offshore Senegal."
ed 123
07/8/2017
08:23
Yep, looks to me to be below expectation due to modest net pay, and the fact that the main target was gas/condensate filled. It wasn't particularly material, unless it had been a humdinger. Next news update will be Dromberg (dry hole expected, and I think priced in) followed by the interims, and hopefully a resource upgrade for SNE
frazboy
07/8/2017
08:19
Thanks frazboy, plenty to digest there! Result from Sirius in. https://uk.advfn.com/stock-market/london/cairn-energy-CNE/share-news/Cairn-Energy-PLC-SNE-North-1-exploration-well/75392159
rogerlin
06/8/2017
15:34
Rogerlin, Ed Not sure if you know but Edison published an update on the Cairn on the 24th July. Look it up, worth a read. Not sure I agree about the beta increasing, Cairn should generate cash over the next couple of years, prior to the serious spend on SNE. And the valuation assigned to D+D has to be taken with a pinch of salt even with hindsight! Some interesting stuff on SNE valuation but I'm not sure about the default discount rate of 12.5% - I would be tempted to default to 10% for the NS assets
frazboy
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