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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
  4.30 4.89% 92.30 92.60 93.55 97.85 86.00 88.00 2,535,658 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 402.2 90.1 15.4 5.5 544

Cairn Energy Share Discussion Threads

Showing 14801 to 14824 of 15550 messages
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DateSubjectAuthorDiscuss
14/9/2018
08:11
Bought a few. If it keeps going down I'll flog them and re-enter later.
xxnjr1
14/9/2018
08:09
Apologies I should have put n sea not Norway. I'll go back and edit. Aren't they currently operating one and partner in another currently drilling? Could be wrong of course (!) so apologise in advance!!
dunderheed
14/9/2018
08:09
Successful arbitration outcome ? e.g. IC today.
dogwalker
14/9/2018
07:53
The CNE explanation was open and honest afaics - don't really understand the ENQ version. On the E front, Cairn have a toe hold in the Barents Sea, realistically only one throw of the dice there, but that well has been moved back into 2019. Mexico 7&9 piqued my interest. ENI are good at shallow water exploration. Good to have them on one of the blocks. Given all the negatives just discussed - where do the various £3 broker targets see the upside coming from?
xxnjr1
13/9/2018
23:24
Agree totally re arbitration but to be really honest that's been very obvious since day one hasn't it? I don't see too much upside at the moment unless something 'good' happens in EDIT N_Sea or left side. Is Senegal just mired in 'external' (delaying) politics - how ironic lol! I'm waiting for Mexico - that could be transformational?
dunderheed
13/9/2018
23:17
This is what AB said: "And we haven't seen the injected water finger through. So there's no issue on the subsurface. We've seen that. So far, we have had a couple of wells, but not as unexpected produce some of the condensate water that's in place." And this is what Cairn said: "And then the third one is for a heavy oil field we anticipated early border breakthrough and that's what you've got when you've got a crude which is 100 times more viscous than the water and we were setting out expectations of around 30% water cut and we’re a bit higher than that. We’re about to go through an extensive well testing programme to try and better understand that and just think about where we want to distribute the water within the field. Just now it’s pretty uniformly being injected across the field. Should we distribute more in the north and the south versus the centre? And these are some of the plans that the operator is contemplating in terms of trying to optimise the performance of the field further." AB didn't say anything about connate water, my mistake, but what he means by water of condensate is beyond any engineer's comprehension given the chosen lift technique (HSPs which co-mingle water with oil); the two statements are completely inconsistent. Having said all that, I'm not convinced that's why CNE share price has been marked down - I reckon it's more a realisation that even if they win the arbitration they'll get nowt. If anyone can point me at Enquest's RI prospectus I would be most pleased - I would like to read it. (I've looked on their website and I can't find it)
frazboy
13/9/2018
22:12
I think the 'irritant' of FAR actually is a FAR bigger issue. If all they were was an irritant why hasn't WPL taken operatorship and forged ahead with the deal/development? A little more than irritating I'd say for both Cairn and WPL?
dunderheed
13/9/2018
21:57
Thanks, xxnjr1. :-)
ed 123
13/9/2018
21:35
That seems to be the size of it Ed 123. The first two situations are temporary in nature, or solved. Then there's the water cut. A work in progress. Hopefully they can optimise arrangements to get the best out of the reservoir.
xxnjr1
13/9/2018
18:49
Ta,xxnjr1. Transcript is very useful. I had listened, but didn't retain all that was said. So, if the voidage situation was the dominant cause of the reduced production and they've now got the injectors working fully, then that removes the dominant cause? Bad weather may return but probably not till next winter, and facilites trips may reduce as everthing is better understood/run. Then, they are trying different injection patterns to try to find the optimum one. OK, that's a rosy view, but maybe that's why the two half year reports didn't shout, "big problem" - maybe they see things improving going forward?
ed 123
13/9/2018
18:30
There's actually a transcript of the call here frazboy. Yes Q&A session. hTTps://www.cairnenergy.com/media/2333/cairn-hy18-transcript.pdf See Q4 reply by Paul Mayland
xxnjr1
13/9/2018
18:25
Yes, in their half year reports, Enquest and Cairn didn't seem overly concerned by Kraken's performance, so the "10% higher" Q&A answer was a bit of a surprise. Trying to understand the situation - There was trouble with the water filters, so less water was injected than they would have liked. There was reservoir void problem .... did this result from the reduced water injection? Water cut was higher than originally expected, so am I to take away that the filter problem resulted in an unbalanced injection across the field, with the result that in areas where the water injection was not reduced the water cut increased? Could they have managed this by reducing all working water injection till they got all injectors fully functional - to reduce the imbalance? They say they've got the water injection running correctly now, so does that fully remedy the production or might there be some irreversible coning and an ongoing higher water cut? Any thoughts?
ed 123
13/9/2018
18:07
Xx - was this: ‘The field water cut is about 10% above the plan. That's an average number. In some areas of field it could be higher than 10%’ from the Q&A session? If so I’ll listen tonight - this is not what enquest said! They claimed it was connate water - which raised a rye smile from me (v unlikely)
frazboy
13/9/2018
16:30
Thanks, xxnjr1. Appreciate your comments. :-)
ed 123
13/9/2018
16:26
Not following it too closely as not a holder, but maybe some doubts on Kraken are emerging. The field water cut is about 10% above the plan. That's an average number. In some areas of field it could be higher than 10%. Seem to recall some areas worse than others (as per webcast) but Cairn hoping to manage the situation. Oh, almost forgot, Senegal - the dispute between FAR and (is it) Woodside is a bit of an irritant, as it may hold things up a bit (financing of project, FID timing etc), although Cairn batted away this type of question on the call. Well that's what I took away from the call on the -ve side.
xxnjr1
13/9/2018
16:05
Looking weak following the half year report. Any views?
ed 123
12/9/2018
15:17
Barclays Capital today reaffirms its overweight investment rating on Cairn Energy PLC. Target 295p.
alan@bj
12/9/2018
12:42
JP Morgan Cazenove reiterate OVERWEIGHT, raises target price to 306p
aishah
12/9/2018
11:42
Politicians generally aren't very bright, although they claim to be! Witness all the crackpot decisions they're taking. Witness "price fixing" and calls for higher taxation from a Conservative Govt! A wedded belief that blowing £140bn on HS2 is a necessity being another. Maintaining open borders to ROTW being another. The loons are in charge of the asylum
fangorn2
12/9/2018
07:14
Sorry to say this but the Indian government isn't very bright. Remember when they dissed everyone's bank notes. An arrogant load of upper castes.
johnrxx99
11/9/2018
13:14
I know exactly lol!! They have been saying for ages as well, they do not recognise the jurisdiction of such proceedings I think? Cairn are a bit 'maverick' though - which is part of their investor appeal - so who knows' what they may achieve? All imho of course.
dunderheed
11/9/2018
11:46
https://www.breakingviews.com/considered-view/indias-cairn-energy-fire-sale-is-short-sighted/ Certainly you might think that the Indian tax department's sale of the Vedanta shares while the arbitration is pending doesn't show much respect for the process.
rogerlin
11/9/2018
09:23
Got to admit this is something I've been saying for ages - when the likes of Vod Shell aren't getting money out of India wtf chance does little old Cairn have?
dunderheed
11/9/2018
09:16
In Q4, Cairn expects the Stjerneskudd well (Cairn 30% WI) to spud on PL885 in the Norwegian Sea with Equinor as Operator. Stjerneskudd represents a material prospect of more than 100 mmboe gross with stand-alone potential and significant follow on opportunity in the event of success. Two UKCS wells currently drilling and this Norwegian one for Q4 so some hope of a nice surprise, Stjerneskudd is Sparkler according to Google translate, we could do with a spark here.
rogerlin
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