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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 14601 to 14625 of 15075 messages
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DateSubjectAuthorDiscuss
24/1/2018
15:41
RedRossi thanks for that link with the exploration update. It looks as if they are currently drilling Tethys PL682, the NPD site says drill 35/9-13 was from 25.12.17 to 20.1.18, status "junked" and 35/1-14 started 20.1.18, technical issues? A result to look forward to anyway.
rogerlin
24/1/2018
08:38
https://uk.advfn.com/stock-market/london/premier-oil-PMO/share-news/Premier-Oil-PLC-Catcher-operational-update/76538093 Good progress at Catcher.
rogerlin
24/1/2018
07:30
Thank you Roger, Having read the article date 19th Jan 2018 it makes me think that there might be a chance of a win for Carin. I seems that India are trying to close "loop hopes" re tax that were in the original agreements, or maybe I am just a born opptomist. "The new model treaty also has no provision for investors to bring claims against India for any tax-related matters and for disputes arising due to actions taken by local governments. Currently, India is entangled in more than 20 international arbitration cases, and could end up paying billions of dollars in damages if it loses. Companies like Vodafone Group, Cairn Energy and Deutsche Telekom have initiated arbitration proceedings against India seeking to protect their investments against retrospective tax claims and cancellation of contracts."
inntolife
23/1/2018
20:09
https://www.cairnenergy.com/media/2154/uk-norway-analyst-round-table-web-2.pdf Nice update on the Norway / UK exploration wells for 18/19
redrossi
23/1/2018
16:23
http://www.thehindu.com/business/Economy/indias-proposed-investment-treaty-terms-leave-foreign-partners-cold/article22470757.ece I don't think anyone is expecting much here. India have disputed that the bilateral investment treaty covers tax issues, seemingly they wish to agree new treaties that don't cover tax.
rogerlin
23/1/2018
13:13
Cairn is currently unable to access the value in its 5% shareholding in Vedanta Limited, valued at US$1.1billion at 31 December 2017 or accrued dividend payments due of US$104m. So in total, roughly 1.2billion dollars divided by 583,240,000 shares makes the India dispute worth about $2.06 does anyone know if this has been completly discounted?.
inntolife
23/1/2018
11:01
Interesting, thanks.
xxx
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
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