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 Shares Traded Last Trade
  +2.00p +0.87% 230.60p 363,556 14:29:00
Bid Price Offer Price High Price Low Price Open Price
230.40p 230.60p 231.20p 227.80p 230.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 24.65 189.83 33.75 6.5 1,359.3

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Cairn Energy (CNE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:29:00230.60174401.24AT
13:29:00230.801,1552,665.74AT
13:29:00230.808001,846.40AT
13:27:01231.004761,099.56AT
13:27:01231.008241,903.44AT
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Cairn Energy (CNE) Top Chat Posts

DateSubject
21/8/2018
09:20
Cairn Energy Daily Update: Cairn Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CNE. The last closing price for Cairn Energy was 228.60p.
Cairn Energy has a 4 week average price of 222.80p and a 12 week average price of 211p.
The 1 year high share price is 270.40p while the 1 year low share price is currently 166.60p.
There are currently 589,450,098 shares in issue and the average daily traded volume is 1,511,435 shares. The market capitalisation of Cairn Energy is £1,352,198,524.81.
16/8/2018
09:02
dunderheed: Cairn can afford that funding on it's own - really? The share price don't seem to be saying that surely? FFS for this to be accepted and heard in arbitration is a bloody difficult process in the first place and I personally believe precedent needs to be sought with regard to this kind of transaction? I personally believe the "veil of incorporation" cannot be used to overcome "legal substance and form" which whilst I realise are accounting terms, it is this concept, that I think needs legal testing? All imho and wtfdik? EDIT oh and post number reserved for Saul Goodman.
05/6/2018
17:24
nicky21: Guys you really need to check out COPL currently to buy 0.55p. A potential to be a multi baggar.It tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company. Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset. The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil. When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true. What is holding the share price back presently is NNPC approval. $60m was spent on this asset by the previous operator.the potential for Copl is huge. I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m) Copl management wants it to be a mid tier oil and gas company ie £250m-£500m All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE.
15/5/2018
10:25
dunderheed: Share price looking strong. Anyone going to agm?
12/3/2018
20:01
xxx: Strong technical action in the share price today, a breakaway gap up, despite being overbought. Results tomorrow should provide interesting reading...
08/11/2017
09:07
rogerlin: https://uk.advfn.com/stock-market/london/cairn-energy-CNE/share-news/Cairn-Energy-PLC-Update-on-India-tax-dispute/75683811 That is CNE's last comment I think on this. It doesn't mention specifically in this as far as I can see but they have previously said that any liability would be confined to their Indian subsidiary and so if that is correct the worst outcome could be the loss of the shareholding in Vedanta and past dividends. But these things are always worrying because who knows what these arbitrators will come up with. And if it goes in CNEs favour, will the Indian government not just bog it down again in some further legal process?
22/8/2017
16:12
alan@bj: I should have added that IC's "Value Tip of the Year" was made in January when the share price was 220p.
03/8/2017
15:03
ed 123: Disclosed shorts increased from 0.6% to 2.31% during July. Recent share price performance has underperformed my expectations. It may just be that some investors are cautious, awaiting flow rates from Kraken and Catcher? If both fields produce to expectations, then maybe the share price heads up towards 200p? Notwithstanding the above, my confidence wavered and I sold out. Might return, depending on outlook and share price. Keeping watch for now. GLA
13/4/2017
08:31
frazboy: I find the director sales a bit disappointing - if ST really believed they were going to win the Indian arbitration I think he would have held on to more, despite having shell out for tax and NI. With the slide in the Share price back to the early 200s the underperformance, against Brent, is once again established, talking of which the share price behaviour has been bizarre - it's either computer driven trading or failed expectations that they had done a deal to hive off the CI stake (subject to the arbitration proceedings).
06/4/2017
13:16
ed 123: Hi Frazboy, Royaloak and all. From what I've read Cairn are claiming about £4.4 billion in total from the Indian government and the latter are claiming about £1.5 billion from Cairn and have frozen about £0.5 billion of Cairn owned assets. You may know the history? The Indian government lost its case in the Supreme Court of India and then passed legislation which it said clarified the law but its effect was to retrospectively make companies (including Vodafone and Cairn) liable for tax which the Supreme Court had said was not due. I have been trying to estimate what Cairn's share price of 200p-ish says about the market's expectation of the result of the arbitration. Cairn's market cap is about £1.2 billion. It is valued at about $5/bbl for its reserves and resources. I'm assuming that the 2C will convert to 2P by the end of this year and, on that basis, the market appears to have it about right, imo. So, I guess Cairn holders are playing for exploration upside (especially offshore Senegal) and a positive outcome from the arbitration. The latter could take the value of Cairn up to four times its present value. Downside? Cairn loses and gets a bill of £1.5 billion or about £1.0 billion net of the value of the assets frozen by the Indian government. If that happened, Cairn's share price could drop to around 120p, by my estimates. These are my rough calculations. Any thoughts?
03/2/2017
21:21
gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
Cairn Energy share price data is direct from the London Stock Exchange
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