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
  -2.75 -3.43% 77.40 3,418,171 16:35:07
Bid Price Offer Price High Price Low Price Open Price
77.10 77.30 83.00 76.45 78.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 402.20 90.11 15.44 4.7 456
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:03 O 7,540 77.40 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 80.15p.
Cairn Energy Plc has a 4 week average price of 57.35p and a 12 week average price of 57.35p.
The 1 year high share price is 216.80p while the 1 year low share price is currently 57.35p.
There are currently 589,552,585 shares in issue and the average daily traded volume is 2,798,808 shares. The market capitalisation of Cairn Energy Plc is £454,545,043.04.
dunderheed: Well CNE and WPL could take on their (FAR) share and have even more money to find for this world class development. Something don't smell right here and it isnae my underpants. I'm surprised the share price is as strong as currently holding? We need poaitive Mexico news. All imho of course.
ghhghh: At this share price Cairn is a higher risk (than Shell/BP) call on the oil price. But also higher reward. Will Cairn go bust? No. Will it be a lot higher in 12 months. Yes. Will it go lower before bouncing? Probably Grossly oversold but a falling knife
rogerlin: Some at least of those points are covered in the last update. The main recent development is that the dispute over PE rights in Senegal between Woodside and Far has been settled in Woodside's favour. We now expect CNE to sell down some of its stake as the project is very expensive. Hope also for more positive drilling news from Mexico (Bitol and Ehecatl ongoing).
rogerlin: Bitol couldn't have started till after this. Admittedly a spud announcement would have been nice but CNE don't often do those, perhaps they are just being frugal. The Saasken well is operated by ENI. Nobody expects a major, especially ENI to say anything to please small shareholders of a minority co-venturer and so not hearing from them means nothing, it might even be a plus as dusters seem to finish more quickly these days than in the past.
rogerlin: I wonder if there is more value in the original deep water discovery beyond the shelf. Some companies (notably Total) do not seem put off by deep water drilling at the moment.
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.
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
Cairn Energy share price data is direct from the London Stock Exchange
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