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
  +3.20p +1.64% 197.80p 197.60p 198.00p 199.10p 192.00p 192.00p 184,854 13:11:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.7 -992.7 -153.4 - 1,166

Cairn Energy Share Discussion Threads

Showing 15001 to 15025 of 15300 messages
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DateSubjectAuthorDiscuss
11/3/2019
08:26
"as everyone seemed to be thinking that it didn't matter which way the award went as CNE where not going to get any money out of the Indian government, why the drop or is it just the market makers making money ?" Cairn's prize cash flow assets are Kraken and Catcher - the latter is doing pretty well but is less material, the former is more material and is way below par. And there is no other cash coming in from other assets for the foreseeable. Point being, a good percentage of the share price reflects a successful award from the arbitration.
frazboy
11/3/2019
08:21
Yup, just the market shaking the weak out, this is a complex case but on balance we have a v good chance of winning the case and I think that probability has increased further today as it would be easier to rule against us by now (they have had 6 months to make that call) but to rule in favour, the panel need to make sure the judgement they set is 'internationally enforceable' and sets a precedent and this is what they need the extra time for imho.
valuehunter1
11/3/2019
08:19
that delay - not that there is/was any guarantee of a payout - will make it a little more difficult to fund SNE
frazboy
11/3/2019
08:12
Good grief !!!!! as everyone seemed to be thinking that it didn't matter which way the award went as CNE where not going to get any money out of the Indian government, why the drop or is it just the market makers making money ?
inntolife
11/3/2019
07:12
Looks like more of a wait, lol.
dunderheed
09/3/2019
08:54
Thanks rogerlin......Sall seems like a steady hand and he has even ruled himself out of the next elections in 2024. So he looks a decent sort of bloke.
inntolife
09/3/2019
08:09
https://www.petroleum-economist.com/articles/politics-economics/africa/2019/sall-to-oversee-senegals-journey-to-first-production
rogerlin
08/3/2019
06:23
Maybe just very short term but think there is little in the price for the result simply because people (like myself!) are sceptical that they'll get any money back. However Cairn do surprise at their ingenuity sometimes!
dunderheed
08/3/2019
05:24
If the arbitration goes well, so will we. If it's negative it will tank short term imo.
johnrxx99
07/3/2019
21:56
Ah ok didn't know that thanks. I thought their public pronouncements would have at least been based upon guidance from the tribunal itself? Surely they must give a baseline indication?
dunderheed
07/3/2019
21:19
I think the end of Dec was what they were hoping for, but it's all down to the lawyers and judges. It could be tomorrow or the end of Dec 2019 - the company have no control over it.
hoper2
07/3/2019
17:46
Well at least some form of clarification that it will in fact be end of March. I don't know why but I thought the original decision was expected December last year?
dunderheed
07/3/2019
17:12
Yes, Tuesday 12th for results. Don't reaaly see how they are going to give us anything new on the India situation. It will be expeting news shortly, what else can they say ?
inntolife
07/3/2019
15:28
Yes - well reporting next week so let's see what the India situation is??!
dunderheed
07/3/2019
14:43
It seems I'm in a minority with positive view for CNE at the moment lol!
dunderheed
07/3/2019
09:03
Yes agree - was just thinking exactly the same myself. Hopefully results "expected to goodish" then await the India result? "Should" be a pretty exciting month or two ahead?
dunderheed
07/3/2019
08:57
PMO results today confirming Catcher performing better than expected...good read across for CNE results due next week. Next week could be the week we break out from these ranges as the tax case result gets closer by the day.
valuehunter1
05/3/2019
07:35
True enough. I was really just wondering if I might be able to spot unusual buying patterns. Anyway, lots to like here. Leveraging relative balance sheet strength to do a transformative deal is my real hope.
hsfinch
03/3/2019
20:52
Great, hsfinch, but we don't want people scared off buying, whoever they may be !
dogwalker
03/3/2019
18:07
Friday's move was very interesting. I heard some time ago that arbitration result will be announced at the end of this month. I'd expect strong speculative buying ahead of that. I'd expect insider trading to be part of that buying. But it can't be too obvious can it? I'll be looking at volumes and trading patterns very closely this week.
hsfinch
01/3/2019
16:29
TO SPITSBERGEN current position is 61.8035 N / 4.11217 E on Mar 1, 2019 16:25 UTC. Vessel TO SPITSBERGEN (IMO: 8768517, MMSI: 538004905) is a Drilling Ship built in 2009 and currently sailing under the flag of Marshall Islands. Current destination of TO SPITSBERGEN is PRESTO and the estimated time of arrival (ETA) is Feb 28, 19:00 Looks like it's at Presto now.
rogerlin
01/3/2019
11:34
Ah thanks very much for clarification value!
dunderheed
01/3/2019
10:41
Yup, I think it was one of the valued posters on here who stated by end of March (Finch I think) but not sure how they got to that conclusion...the articles I've read on the net were suggesting decision in Dec/Jan but no new articles around this since. Company said news due in the 'near term' in their last update so for sure this is gonna happen soon. I like this board - good posters and nice and quite and seems like the masses haven't clocked onto the potential oppo here.
valuehunter1
01/3/2019
09:59
Agree value absolutely. I think we could hear any day now but was under the impression from somewhere (maybe even on here?) that they had until the end of March for this decision now? All imho and excuse an old man's memory!!
dunderheed
01/3/2019
09:53
So 1st March and still no news on the tax case...that's a full 6 months in. Surely news due soon now? Been waiting here since early Dec and expecting March to be a transformational month for one of the most solid mid tier British oil company.
valuehunter1
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