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
  3.90 2.79% 143.90 144.80 145.00 148.30 141.60 143.30 2,370,899 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 402.2 90.1 15.4 9.0 848

Cairn Energy Share Discussion Threads

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hxxp:// Article seems to suggest Aug 2018 for the hearing.
New Delhi, Nov 20: The income tax department will not sell the attached shares of Cairn Energy to recover a Rs. 10,247-crore retrospective tax demand as it fears that replenishing them in case of an international arbitration going against it will be difficult, a senior official said. Maybe CNE will be able to sell these instead one day!
Cairn denying blandly in the Herald today:
jim digriz
I know this is like an old record but I am still hearing that Cairn are in the process of selling around 30% of their stake in their offshore Senegal discovery. My latest gossip, and that is all that it is, suggests that BP will buy that stake and the operatorship of the project. This may make Far Ltd and Woodside to a lesser extent look very smart but who knows, time will tell I may be completely wrong. Malcy 17th Nov.
In the UK, the Premier-operated Catcher project remains on schedule for first oil during December. More detail on this in PMO's update today, this should be good news for CNE but at the moment we just seem to follow Brent.
quite large falls from the 220p level last week uncertainty never helps a stock price thats for sure, until this is behind them hard to see progress on share price
Olieslim, thanks for posting that, interesting,I wonder if HSBC has refunded the takings. FSA watcher, that is not even a possible outcome. You may as well have said Cairn to be eaten by martians.
09:07 That is CNE's last comment I think on this. It doesn't mention specifically in this as far as I can see but they have previously said that any liability would be confined to their Indian subsidiary and so if that is correct the worst outcome could be the loss of the shareholding in Vedanta and past dividends. But these things are always worrying because who knows what these arbitrators will come up with. And if it goes in CNEs favour, will the Indian government not just bog it down again in some further legal process?
Absolute rubbish
cairn gonna get smoked by indians on tax bill so they gotta get cash somewheres to pay it cairn worth 75p after they pay indian tax
Haven't we all?
Malcy has been seriously wrong in the past...
"For what it’s worth I am as convinced as ever, if not more so that Cairn is seriously considering selling all or part of its 40% stake in the project, indeed this may already be underway. The reason I say this is that whilst Cairn is still the operator it has in its gift, or whoever buys that stake, the significant possibility of passing on that to any potential buyer. Should that buyer be a super major then, perhaps with the Far 15% stake added to it would give a majority in JV decisions, if I was advising them, with so much interest in the region I would consider it to be a value that would go once the operatorship transferred to woodside as currently envisaged. To give an idea of potential upside for Far, I understand that Cairn would only sell if the offer was just too good to be unturndownable". Malcy's blog this week, actually about FAR. I am not sure if it is correct that CNE can control the operatorship, I think COP had the right to take it over and could presumably sell that right to Woodside or whoever?
looking a bit perkier. Due to POO? or something else?
Looks good here but prefer pmo
You do wonder what FAR's game plan is. To delay development, whilst they find a buyer?
19:18 It is FAR who have filed for arbitration re pre-emption rights. This will take at least a year and can only delay the development of SNE. If CNE can get a decent offer here they should take it at once IMHO.
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.
"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!
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