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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
  +0.80p +0.55% 145.70p 145.30p 145.50p 146.70p 142.90p 143.60p 1,689,388 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 858.92

Cairn Energy Share Discussion Threads

Showing 14626 to 14650 of 15125 messages
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DateSubjectAuthorDiscuss
13/2/2018
12:56
i'm not exactly on the cusp of pressing the buy button, but, it's certainly coming back into range. does anyone know of any material concerns (oil price + markets jitters aside) that may be affecting the share? i'm really just fishing for ideas, anything that i may have missed.
frazboy
09/2/2018
08:42
https://www.cairnenergy.com/media/2143/cairn-in-senegal-presentation-23oct2017.pdf Looks like there is some seismic going on over the Rufisque area, see slide 10 of this presentation, the Capitaine prospect (Oceanic Vega et al).
rogerlin
02/2/2018
17:06
Yes, some safety locked in with those hedges, Rogerlin. Skyship, yes, it seemed to be folk trading the downward momentum today. Eventually that will change. 195p Floor would be good. Rumours have gone quiet on the possible sale of (part/all?) of Cairn's Senegal interest. I guess we could see upwards volatility if that re-emerges? Also, as we get closer to August (ie. the arbitration) there may be renewed buying interest in Cairn? Safer than many oilers and >10% off its high, with good news potential, I thought I'd buy some. With hindsight, my timing was poor, but things could look more positive for holders in 6 months. We'll see.
ed 123
02/2/2018
16:56
Watching closely having sold out on the New Year spike after the chart breakout. Posted the chart a few times back in December; but looking now rather uncertain as to future direction. The 200day MA could provide support back at 195p: free stock charts from uk.advfn.com
skyship
02/2/2018
16:36
Having moved into production, Cairn has commenced a hedging programme in order to protect debt capacity and support committed capital programmes. To date, Cairn has hedged 2m barrels of 2018 oil production using collar structures with a weighted average floor price of US$58.4/bbl
rogerlin
02/2/2018
15:23
Hi Frazboy. Yep, was a bit lonely here. At 200p it's about where it was in April last year, when oil was c.$55/bbl. As you suggest, it's that fear of much lower than today's $68 that's unnerved the oil sector today. Oil sector and volatility go hand in hand. Volatility upwards, I like. Volatility downwards, not nice.
ed 123
02/2/2018
15:03
you speaking to yourself Ed? yep, sentiment is gloomy despite the backdrop of high oil prices - it's as if the market has decided that the boom bust cycle is already rapidly heading back to bust.
frazboy
02/2/2018
14:48
Hmmm ... should have held off. Doh! Cairn down 3.3% today.
ed 123
02/2/2018
10:41
Bought back into Cairn this morning. Chartwise, may prove to be a good entry point? We'll see. As regulars will know, a few possible upside events. Further out (2019), Mexican exploration holds significant potential.
ed 123
25/1/2018
08:45
http://www.npd.no/en/news/Drilling-permits/2018/359-14/ Here is chapter and verse.
rogerlin
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
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