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 Shares Traded Last Trade
  -2.60 -1.32% 193.70 1,142,987 16:35:28
Bid Price Offer Price High Price Low Price Open Price
193.50 193.90 201.20 191.50 201.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 321.74 -992.75 -153.37 1,142
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:02 O 144 193.681 GBX

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Cairn Energy Daily Update: Cairn Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker CNE. The last closing price for Cairn Energy was 196.30p.
Cairn Energy Plc has a 4 week average price of 191.50p and a 12 week average price of 157.50p.
The 1 year high share price is 216.80p while the 1 year low share price is currently 142p.
There are currently 589,514,291 shares in issue and the average daily traded volume is 1,070,049 shares. The market capitalisation of Cairn Energy Plc is £1,141,889,181.67.
dunderheed: I'm not sure it's going to make that much difference to share price but let's wait and see. Shouldn't be too long now?
frazboy: I agree on Mexico and Sangomar. The targets in Mexico aren’t that big so the company needs a post drill upgrade (as happened at Zama) - from the sales figures bandied around for the Premier sale the metric is roughly $2 per barrel in the ground net. As for Sangomar, those costs are stunningly high - due to the number of wells, water depth and the cost of the FPSO (not leased). Cairn are on the hook for $1.4bn to first oil, that’s enormous. Watching out for an update from the company on a farm out and financing. The share price is still implying a part successful outcome in India. Time will tell!
rogerlin: CNE's presentation gives the Mexican Alom 1 well as 3000m TD, 115m water depth, estimated time 45 days. I think the rig was there on 16th Sept, difficult to follow the rigs as Marine Traffic entries often out of date or just switched off. I think the Ensco 8505 is going to the adjacent Saasken 1 for ENI but the entry hasn't been updated for days. CNE are on Twitter, you would think they could manage spud announcements, especially when they are operator. No wonder the share price doesn't react to the drilling programme, as no-one knows what's going on.
hoper2: I'm a holder and agree CNE is a bit of a coin flip. Overall, I think it's about a 70/30 bet that SNE or India (perhaps both) will come good. It's no certainty, but I think the income from Catcher and Kracken underpin most of the current share price.
rogerlin: There was a trading pause 19th June but seems to be trading now as you say royaloak.
hsfinch: There's a lot of potential here. SNE, Indian arbitration, exploration drilling in Mexico, (subsidised) Norwegian exploration drilling, U.K. exploration drilling, Catcher and Kraken production, frontier exploration in Mauritania, Nicaragua and Côte d'Ivoire. Nothing's changed but the share price performance is woeful. Therefore I'd expect takeover action before the end of year.
lukmanpatel: Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol
dunderheed: Share price reaction today a bit disappointing? Perhaps a bit of short term consolidation in place?
ed 123: Thanks, Frazboy and Dunderheed. Hello, Hoper2. Peel Hunt (260p) may yet revise down but, for the moment, they are in the company of UBS (280p). Jeffries have come down to 165p. I bought back in at around 160p, thinking that level priced in the negatives, and looked good when viewing the 5 year chart. History shows Cairn can quickly rise 20% or so when market sentiment shifts. I have no problem holding for a couple of years, if necessary, so should get first results of Mexico exploration in that time, plus what other progress they (hopefully) make. The shorts will have to buy back at some point, so any unexpected good news could see a good bounce in the share price. Further downside is of course possible - weak stockmarkets, economic slowdown coming in 2019. Brent oil price may slide towards $50? 2018 Has has witnessed strongly contrasting share performances between Cairn and Faroe (acknowledging takeover bid). Who would have thought in January 2018 we'd be looking at equal share prices (153p) in December? Maybe there's a good trade to sell Faroe and buy Cairn, looking for some movement back towards the norm? The above are just my rambling thoughts.
Cairn Energy share price data is direct from the London Stock Exchange
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