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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
  -2.00p -1.18% 168.00p 167.70p 168.10p 171.40p 168.00p 171.40p 35,565 08:29:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 990.38

Cairn Energy Share Discussion Threads

Showing 14626 to 14650 of 15075 messages
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DateSubjectAuthorDiscuss
13/3/2018
12:10
Presumably then frazboy, they are either (i) disappointed with 35/9-14 and are having a second throw of the dice or (ii) are encouraged by what they found and looking for more...
xxnjr1
13/3/2018
11:42
i think that's correct xxnjr1 - i had in on in the background so didn't pick up the details. i'm hoping to play back the webcast later but as of yet that's not possible on Cairn's website.
frazboy
13/3/2018
11:36
I was half asleep at the time when listening to the webcast. They definitely said the original well (was that 35/9-13 ???) encountered mechanical difficulties, and I think they said they re-spud it (new 35/9-14 ???). They definitely said the 2nd attempt had TD'd, and now they were drilling a sidetrack (35/9-14A ???), but as per usual, couldn't comment further until the operator updated the market. Also see hxxp://www.npd.no/en/news/Drilling-permits/2018/359-14/
xxnjr1
13/3/2018
09:27
http://tradeinsight.co.uk/petro-matad-the-pheonix-is-rising-matd/
jimmyhoffa262
13/3/2018
08:56
Tethys exploration well (35/9-14) has reached TD and operations are continuing on well 35/9-14A This wording sounds like a side track rather than a re-drill?
rogerlin
13/3/2018
08:11
Nothing too exciting in those results. A touch more colour on Kraken, and a modest reserves upgrade on Catcher. Perhaps the cash/Capex position was slightly better than previously flagged. Not expecting a ramp up today given the price action over the last week or so.
frazboy
12/3/2018
20:01
Strong technical action in the share price today, a breakaway gap up, despite being overbought. Results tomorrow should provide interesting reading...
xxx
12/3/2018
11:10
EDL taking off folks get in quick.
datait
12/3/2018
11:08
Thanks Alan.
inntolife
12/3/2018
10:59
Cairn Energy lifted to ‘overweight217; by Morgan Stanley.
alan@bj
05/3/2018
16:35
thanks Rogerlin, much appreciated.
frazboy
05/3/2018
09:14
Looking at the NPD site I think: PL790 Raudasen well 34/2-5S Operator Aker BP (Cairn 25%) Transocean Arctic, started 28.02.2018, so just got going. PL682 Tethys, Operator Spirit (Cairn 30%) is more complicated. Well 35/9-13 was abandoned last year because of technical problems. Well 35/9-14 (Songa Enabler) was started 20.1.18 and now seems to have been plugged on 02.03.2018, and there is a side track 35/9-14A started 04.03.2018. Permit for the side track not yet listed on NPD but one must surely have been issued. Side tracking not always meaning success but it certainly raises hopes!
rogerlin
04/3/2018
09:45
Rogerlin - any update on Tethys or Raudasen?
frazboy
02/3/2018
15:18
Bought back in here today. The macro is looking a bit ugly but this is close to book value according to my home grown slightly pessimistic spreadsheet, although I am assuming an average Brent crude price of $65. My only real concern in the short to medium term is Kraken, according to my interpretation of Cairns production forecast that will do an average of high 30s gross this year. I get cash at year end 2018 to be around $150m with a couple of good years to come from Kraken and Catcher. Fingers crossed...
frazboy
21/2/2018
08:17
Following first oil from Kraken on 23 June 2017, production increased throughout the second half of the year as both production and injection wells performed in line with expectations. The second processing train, which was brought online during November, resulted in gross production rates of over 40,000 Bopd being achieved. Since late December, all DC3 wells have been brought online and operational efficiency has significantly improved. Average gross production in January was over 35,000 Bopd, and has reached 50,000 Bopd with improving operational efficiency as we continue to optimise performance. Following the excellent delivery of the DC3 drilling programme and lower market rates for the remaining subsea campaign, full cycle gross Kraken project capital expenditure was further reduced during 2017. In early 2018, EnQuest agreed renegotiated terms for the drilling rig, reducing both the contract duration and day rates, saving c.$60 million of net cash payments for capital expenditure in 2019. Full cycle gross project capital expenditure has been reduced by approximately $100 million and is now expected to be c.$2.3 billion, more than 25% lower than originally sanctioned. The DC4 well campaign, which was not anticipated to impact 2018 production, is expected to commence in the second half of 2018, with first production in 2019. A scheduled shutdown of approximately two weeks is planned for April, primarily to undertake performance improving work scopes and minor commissioning activities. A further maintenance shutdown of approximately one week is currently planned for September. Update from ENQ.
rogerlin
19/2/2018
03:28
The BP rumour seemed a little strange to me, 40% is not enough for a field of that size to interest them.
xxx
14/2/2018
16:22
http://www.offshore-mag.com/articles/2018/01/first-phase-sne-oil-project-offshore-senegal-to-target-240-mmbbl.html And there's always Mexico.
rogerlin
14/2/2018
09:17
Thanks rogerlin, I think the BP rumour was just that - a friend who is closer to the action on these matters, suggested that the rumour may have been initiated by FAR... I guess one of my concerns is Senegal and the phasing of the development, or rather, that they need 25 wells to develop Phase I, which seems like a lot of wells for a relatively deep water subsea field. To my mind that implies that the breakeven may be a little higher than currently forecast, so, we need oil to stay around or above the current level for it to remain attractive. This is perhaps my number one concern but I am still mildly bullish on oil over the next few years. Agree on Kraken, that does appear to be going okay (although perhaps not as well as some on the LSE board think) - I calculate average production to be in the early forties currently, but on a good day no doubt they've reached 50. Catcher, likewise, things are going well as far as we can tell (although I've not looked at the tanker movements since the first offload - have there been any?). I see no other material concerns/factors in the short to medium term. As things seem to be settling down I'll buy if it gets to my price target.
frazboy
13/2/2018
16:21
https://www.irishtimes.com/news/environment/bill-proposing-ban-to-fossil-fuel-exploration-clears-first-hurdle-in-d%C3%A1il-1.3383861 This may not be positive, but CNE haven't really invested much in Ireland so far. There is the continued uncertainty over the Indian tax dispute. Also in Senegal FAR's insistence on arbitration over pre-emption rights. This is causing uncertainty, maybe what caused BP's rumoured interest to wane? On the plus side, looks like good progress from Kraken and Catcher and money at last coming in. Also the update from Norway looked like good positive stuff, possible exploration upside.
rogerlin
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
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