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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
  +0.80p +0.50% 161.80p 161.70p 161.90p 162.30p 159.50p 162.30p 167,484 09:55:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 953.83

Cairn Energy Share Discussion Threads

Showing 14801 to 14824 of 15075 messages
Chat Pages: 603  602  601  600  599  598  597  596  595  594  593  592  Older
DateSubjectAuthorDiscuss
13/9/2018
20:35
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
17:49
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
17:30
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
17:25
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
17:07
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
15:30
Thanks, xxnjr1. Appreciate your comments. :-)
ed 123
13/9/2018
15:26
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
15:05
Looking weak following the half year report. Any views?
ed 123
12/9/2018
14:17
Barclays Capital today reaffirms its overweight investment rating on Cairn Energy PLC. Target 295p.
alan@bj
12/9/2018
11:42
JP Morgan Cazenove reiterate OVERWEIGHT, raises target price to 306p
aishah
12/9/2018
10:42
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
06:14
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
12:14
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
10:46
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
08:23
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
08:16
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
10/9/2018
11:40
Thanks Roger From the article: Cairn Energy expects results from the International Tribunal at The Hague by the end of 2018.
eipgam
10/9/2018
08:02
Interim results tomorrow
alan@bj
10/9/2018
07:56
https://www.bna.com/indias-tax-battles-n73014476210/ Not new but a good summary.
rogerlin
28/8/2018
08:16
Thank you rogerlin :)
inntolife
28/8/2018
06:54
Azinor Catalyst Limited (“CatalystR21;), the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, is pleased to announce that the 9/14a-16 well on the Agar Plantain Prospect, was spudded at approximately 6:00pm on 24 August 2018 using the Transocean Leader drilling rig. Azinor Catalyst has a 25% operating interest in the sole risked well with Nautical Petroleum, a wholly owned subsidiary of Cairn Energy PLC, (50% WI), and Faroe Petroleum PLC (25% WI subject to regulatory approvals.
rogerlin
23/8/2018
07:56
Ok fair enough.
dunderheed
23/8/2018
07:50
No I don't think it implies anything other than prudent/cautious accounting while the issue rumbles on. The full US$1.3 bn claim remains : para 7.
dogwalker
23/8/2018
07:39
Cheers Roger appreciated. So is this implicit acceptance of reduced expectations? Anyone got opinions on this? Me I always thought they'd win the arbitration but never thought they'd get the money!
dunderheed
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