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Share Name Share Symbol Market Type Share ISIN Share Description
Cairn Energy Plc 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
  -2.00p -1.22% 162.20p 162.20p 162.40p 165.70p 161.80p 164.10p 461,932 15:59:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 956.00

Cairn Energy Share Discussion Threads

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DateSubjectAuthorDiscuss
24/10/2017
15:32
From The Oil Man blog on Interactive Investor:- The blog comes to you this week from Africa Oil Week in Cape Town, the plan is to watch the presentations and hopefully chat with the speakers and report back what's fit to print. Eric Hathon, exploration director of Cairn Energy (CNE), gave a very positive speech to the conference this morning and I was able to have a one to one meeting with him afterwards. Whilst Cairn haven't changed their numbers at all, and readers will know that I think that the numbers will book a lot higher in due course, it is the language that is being spoken that to me is more positive than before. It is clear now that the appraisal process is now complete with the results from all the wells coming in way better than expected. There is no doubt whatsoever that as the partners go into the development process, all options remain on the agenda. These are what will determine the timings to first oil, but it is a massively profitable, substantial and to quote Woodmack "a world class asset by any standards". The question that most would want to ask and of course I did without expecting an answer, is whether or not Cairn will sell all or part of the Senegal asset. The answer is again, what I had been expecting, the field is fully financed at current oil prices, and lower I suspect and there is no pressure whatsoever to sell up. The second part of the answer is equally predictable, ie if we were to receive a bid that was simply too good to be true, the board would have to consider it for understandable reasons of financial rectitude. It is worth noting that Cairn have a record of giving money back to shareholders so would be comfortable if that scenario played out. All this makes the valuation of Far Limited to be not just difficult to understand, but impossible to justify, whatever happens with all the possibilities open to the partners old and new, at A7c the shares are a steal. Today I am interviewing Cath Norman, so expect another update soon.
alan@bj
24/10/2017
12:03
"Providence and Sosina have signed an Option Agreement (the "Option") with Capricorn Ireland Limited ("Capricorn"), a wholly owned subsidiary of Cairn Energy PLC ("Cairn"). Under the terms of the Option, Capricorn has the right to farm-in to a 20% working interest in LO 16/27 from Providence & Sosina. The Option can be exercised by Capricorn within 60 days of the completion (plugging and abandoning) of the upcoming 53/6-A well on Frontier Exploration Licence 2/14". Total have now completed farm in to 16/27 (Avalon), 2/14 was finished 26th Sept, will be interesting to see if CNE take up their option. There were great hopes for 2/14 Druid/Drombeg, sadly disappointed, but Avalon is a different prospect. Any drill there would be some way off though!
rogerlin
24/10/2017
09:17
Thanks for the recent posts Rogerlin - I'm out currently, due to the push back on the settlement of the Indian fiasco, and nagging doubts over Kraken (contrast the commission dates in the PMO presentation with the information provided by Enquest), but the improving demand backdrop for Oil has certainly lifted the SP, I guess the major incentive for buyers is seeing the Senegalese assets maturing into commerciality.
frazboy
24/10/2017
08:18
http://www.oilreviewafrica.com/exploration/clear-path-to-commerciality-for-senegal-oil
rogerlin
23/10/2017
19:07
https://uk.advfn.com/stock-market/NYSE/HSBC/share-news/Former-HSBC-Executive-Convicted-of-Fraud-for-Front/75918755
eipgam
23/10/2017
18:01
HSBC guilty. Suet
suetballs
23/10/2017
08:08
http://www.premier-oil.com/sites/default/files/presentation/catcher-hook-up-commissioning.pdf
rogerlin
19/10/2017
23:53
Here's more: HTTP://www.zerohedge.com/news/2017-10-19/i-think-we-got-away-it-hsbc-traders-fate-left-jurors-after-damning-phone-recordings- HSBC cheating CNE outouf 8m. Do follow the links in the article. P.S. Sorry guys, but some deserve to know who, like I, held at the time. GL here
olieslim
19/10/2017
08:40
BW Catcher now on site at Catcher field.
rogerlin
16/10/2017
17:48
https://www.youtube.com/watch?v=nfBBlUC7cec Some comments by Cath Norman of FAR re SNE reserves (2 min 17) and arbitration (following on).
rogerlin
06/10/2017
23:27
Maybe their watch is of? or on? of? Cairn was defrauded of millions by HSBC. Read how below. HTTP://www.zerohedge.com/news/2017-10-06/my-watch-hsbc-traders-used-code-words-trigger-front-running-trades "My Watch Is Off": HSBC Traders Used Code Words To Trigger Front-Running Trades Tyler Durden's picture by Tyler Durden Oct 6, 2017 3:50 PM 0 SHARES According to prosecutor Carol Sipperly, former HSBC currency trader Mark Johnson used just four words to trigger a massive, international front-running operation that netted his firm some $8 million in illicit profits: "my watch is off." The bank’s former global head of foreign exchange alerted the traders around the globe via a phone call in December 2011 that was recorded, a prosecutor said Thursday. The gambit was designed to take advantage of a $3.5 billion client order to buy sterling, the U.S. says. After Johnson’s trial recessed for the day, prosecutor Carol Sipperly asked that the jury hear the recordings on Friday, in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of the Atlantic, she said. Johnson was in New York that day, speaking to Stuart Scott, the bank’s former head of currency trading in Europe, who was in London, just before the transaction for its client, Cairn Energy Plc. Prosecutors say Johnson and Scott, along with other traders, bought pounds before the transaction. Johnson is on trial in federal court in Brooklyn, New York, accused of a scheme that produced a $8 million profit for his bank. "We actually have Mark Johnson telling Stuart Scott ‘Tell Ed my watch will be off,’" Sipperly said. "We have communications where the word ‘watch’ is used, and then within seconds, 20 seconds of ‘my watch is off,’ we have all that trading that’s been described. The word is instrumental in getting the information to the traders when it comes to their early front-running trades." Rob Sherman, an HSBC spokesman, and Peter Carr, a Justice Department spokesman, declined to comment. According to the original DOJ complaint, HSBC was selected by Cairn Energy Plc to execute a foreign exchange transaction – which was going to require converting approximately $3.5 billion in sales proceeds into British Pound Sterling – in October 2011. But, before executing that trade, he tipped off a bunch of HSBC traders who loaded up their proprietary accounts with Pounds just before the massive trade sent the currency higher. “As alleged, the defendants placed personal and company profits ahead of their duties of trust and confidentiality owed to their client, and in doing so, defrauded their client of millions of dollars,” stated United States Attorney Capers. “When questioned by their client about the higher price paid for their significant transaction, the defendants wove a web of lies designed to conceal the truth and divert attention away from their fraudulent trades. The charges and arrest announced today reflect our steadfast commitment to hold accountable corporate executives and licensed professionals who use their positions to fraudulently enrich themselves.” “The defendants allegedly betrayed their client’s confidence, and corruptly manipulated the foreign exchange market to benefit themselves and their bank,” said Assistant Attorney General Caldwell. “This case demonstrates the Criminal Division’s commitment to hold corporate executives, including at the world’s largest and most sophisticated institutions, responsible for their crimes.” Of course, we're almost certain that if you pump a couple of beers into any trader on wall street and then ask for their opinion on this particular case you'll quickly be informed that it's just an effort to "criminalize behavior that is normal"...at least on wall street anyway.
olieslim
04/10/2017
09:00
BW Catcher entering the Bay of Biscay.
rogerlin
26/9/2017
01:49
sp rising nicely. suet
suetballs
21/9/2017
17:02
What an absolute disgrace. Who in their right mind would invest in India?
ladywormer
21/9/2017
14:57
The arbitration decision's deferral until August was in yesterday's RNS.
alan@bj
21/9/2017
14:24
D'oh!! hTtp://www.heraldscotland.com/business_hq/company_news/15547538.More_frustration_for_Cairn_Energy_in_India/
eipgam
19/9/2017
10:56
Bought a few this am. Suet
suetballs
11/9/2017
09:38
No surprise there Rogerlin - onwards and upwards
frazboy
11/9/2017
08:55
Kraken's first oil offload in progress. Key will be seeing when the next one will be. 30kbd will required one in around 16 days.
steve73
11/9/2017
08:04
http://uk.advfn.com/stock-market/london/providence-resources-PVR/share-news/PROVIDENCE-RES-Providence-Resources-P-L-C-Oper/75614238 Water at Drombeg, a blow for the prospects in the Porcupine.
rogerlin
09/9/2017
08:20
"final hearings for the tribunal are scheduled for January 2018". That's all I can find, so a month or two later sounds likely!
rogerlin
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
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