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
  +1.10p +0.57% 195.70p 195.50p 195.80p 199.10p 192.00p 192.00p 538,093 15:33:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 1,154

Cairn Energy Share Discussion Threads

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DateSubjectAuthorDiscuss
23/1/2018
09:42
yep, and it's perfectly possible, given the declining/collapsing production in Venezuala that the premium could increase.
frazboy
23/1/2018
09:34
fraz, thanks... maybe I'd read it was a premium to WTI.. that would make more sense.!
steve73
23/1/2018
09:21
if you listen to the conference calls held by the company (Enquest and Cairn) they quote that they were, eventually, targeting a $5 bbl discount. in the last update by Enquest, they said they had narrowed the discount to this figure in their latest sale). to ship across the atlantic costs $1-$2 per barrel of oil
frazboy
23/1/2018
09:11
I recall reading somewhere that the heavier crudes trade at a slight premium to Brent (since energy content is related to mass rather than volume), especially low Sulphur ones like Kraken. And I'm sure they wouldn't bother shipping it across the pond unless it were worth it.
steve73
23/1/2018
09:00
using their numbers you get $52 per bbl ($20m for 386k barrels) for their cargo. assuming there was a discount to Brent of around $5 that gives $57 for Brent, but the question is, which cargo was it? i'm guessing it was the cargo picked up on the 16th October which was ~448k barrels (as calculated from DECC data). if you gross up the number quoted by Cairn in the RNS for the Flowstream contribution you get 445k barrels (25% CNE, 4.5% Flowstream), so the numbers fit perfectly (when you take into account that Brent was trading at ~$58 at the time).
frazboy
23/1/2018
08:48
Pleased to see news on a little hedging, looks like 25% of expected prod. Unclear how much they get for Kraken v Brent, any ideas ?
xxx
23/1/2018
08:20
nothing particularly eye catching in the RNS, although the cash position is slightly better than I had expected. only material news this year will be production updates which will be more detailed if they come from the operators themselves, and perhaps news on the NS drilling? edit: and of course, the outcome of the tax dispute
frazboy
19/1/2018
11:22
http://www.npd.no/en/Licensing-rounds/Licensing-rounds/APA-2017/Ownership-interests-offered-in-APA-2017/ Capricorn have stakes in some licences in Norway in this latest round, PL943 in the Norwegian sea, PL927, 928 and 875B in the North Sea, nothing in the Barent's.
rogerlin
19/1/2018
08:33
https://www.cairnenergy.com/investors/financial-calendar/#Tab2018=1 Update on 23 Jan.
rogerlin
18/1/2018
10:46
Well I’m hoping for a retrace back between the 1.80-2.00 zone for a buy in. Let’s see if it gets there. Might have to wait awhile and might depend on a decent pull back in oil through H1 Did well with the recent sell of CNE near to the recent high though.
bigdazzler
18/1/2018
07:49
Thanks Alan and xxx. I hadn't heard about the downgrade. I guess we will see how the market reacts to next Tuesday's update from CNE. Personally I'm a long term holder.
mick
18/1/2018
00:58
IMV, it broke above 220 for 1st time in 9 months after many tries, leading to selling.We will see how strong from the action in the next few days. I have added minorly... but then my av is around 245!
xxx
17/1/2018
19:44
According to ADVFN's Evening Markets Bulletin today, "Cairn was on the back foot following a downgrade to Neutral from Macquarie.
alan@bj
17/1/2018
19:18
Quite a drop from the 235p a few days ago. Any views on the reason for the drop? My guess is institutional selling. Thanks
mick
16/1/2018
10:25
many thanks
eipgam
16/1/2018
09:18
http://www.thehindubusinessline.com/companies/income-tax-dept-not-to-sell-cairn-energy-shares-to-recover-tax-demand/article9966926.ece Says here the shares have not been sold and CNE has 4.95% of Vedanta, can't immediately find the number of shares! Edit. Vedanta have 270m shares in issue, so 4.95% of that is 13.3m, price today 930p.
rogerlin
16/1/2018
09:10
https://www.cairnenergy.com/news-media/news/2017/india-tax-dispute-clarification/#Tabundefined=1 This isn't the latest update from CNE but here they say dividends of $51m and claim the value of the Cairn India shares at the time they were blocked was $1 billion. That is hypothetical, they were selling out of Cairn India but who knows when they would actually have sold or at what price? I can't see even the most favourable outcome being other than them regaining the present shares in Vedanta at whatever the current price is. I'm afraid I have no idea of the likely outcome. The main positive is that as I understand it Cairn India is a big tax payer in India and Vedanta may be able to persuade government to be a bit more encouraging?
rogerlin
15/1/2018
16:41
Rogerlin... if the case was to be dropped and no tax to pay, what would the impact be? I have forgotten if the cash is in an escrow account awaiting a decision, or what? Your best guess would be most welcome...
eipgam
15/1/2018
09:23
Retrospective legislation is totally crass & recognised as such internationally. Modi really stupid if he doesn't reverse that injustice.
skyship
15/1/2018
08:41
https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/vedanta-urges-govt-to-resolve-retrospective-tax-issues/articleshow/62495796.cms I wonder if there might be some settlement before the tribunal rules in August?
rogerlin
12/1/2018
01:29
Some off us need to see 250...and after 5 years!
xxx
11/1/2018
23:54
Yep I added to my original holding recently and now looks like patience may be rewarded as I start to see a return on investment after holding for most of last year without gain.
melody9999
11/1/2018
10:53
Thanks R... seems like we are in improving territory now
eipgam
11/1/2018
08:35
First oil from the Catcher Area development was successfully delivered on 23 December. The first two production wells from the Catcher field have been cleaned up and tested at rates in excess of 20 kbopd each, in-line with expectations and reflecting initial high productivity. As planned, production will continue to be ramped up in phases over the next few months with first oil from Varadero expected imminently, followed by Burgman. Current production levels are being deliberately constrained at around 20 kbopd which is ahead of plan, while commissioning of the full gas processing modules and the water injection systems on the FPSO are carried out. The first stage in commissioning of the gas systems, flowing gas from the SEGAL pipeline system into and pressurising, the gas import/export line is ongoing. The first export cargo of Catcher oil is expected to be lifted in late January and has been sold at a premium to Brent. Full production from the Catcher Area of 60 kbopd is targeted in the first half of 2018. From PMO's update this morning.
rogerlin
09/1/2018
11:03
Well sold my chunk of CNE so completely out of them at moment. Think oil is topping out short term so good time to enjoy those profits. Made some decent money buying in below £2 and £1.80’s
bigdazzler
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