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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 Shares Traded Last Trade
  +3.70p +2.01% 187.50p 638,319 09:58:55
Bid Price Offer Price High Price Low Price Open Price
187.30p 187.70p 188.30p 181.70p 182.20p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 24.65 189.83 33.75 5.4 1,105.3

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Cairn Energy (CNE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:58:50187.505891,104.38AT
09:57:50187.701,3302,496.41AT
09:57:50187.708611,616.10AT
09:57:19187.901,1902,236.01AT
09:57:19187.70242454.23AT
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Cairn Energy (CNE) Top Chat Posts

DateSubject
24/1/2019
08:20
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 183.80p.
Cairn Energy has a 4 week average price of 138p and a 12 week average price of 138p.
The 1 year high share price is 270.40p while the 1 year low share price is currently 138p.
There are currently 589,501,791 shares in issue and the average daily traded volume is 1,612,134 shares. The market capitalisation of Cairn Energy is £1,105,315,858.13.
11/1/2019
08:02
ed 123: Share price was strong yesterday and looks like the same is coming today if the opening auction is a good guide. 41k Shares at 180.4p. The buy side of the order book is strong again this morning. Happy days for holders. I'm not sure what's caused the sudden change in sentiment here. Arbitration decision? Trading update? Corporate deal? Rising oil price? Who knows?
02/1/2019
10:22
dunderheed: Wtgr I think mkt has already priced in 'potential' funding issues? The Indian thing will be win by Cairn but they'll never get the money. Senegal funding could be a little problematic and that is what is causing the lull in share price. Mexico is why I am here.
17/12/2018
13:11
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.
17/12/2018
08:58
ed 123: Senegalese government approves Woodside as operator and FEED commences at SNE. FAR holds 15%. It might get through the cash calls from the FEED but will it be able to meet the cash calls when FID is made (middle of next year)? Seems to me that FAR needs to sell out or down or sell some other interests. Cairn will need to decide where it will concentrate. Its share of phase 1 capital cost is estimated at $1.2 billion, spread over 2019 to 2022. That would be a bit of a stretch. FAR with its pre-emption dispute and inadequate (to stay through development) cash reserves casts a shadow here. Cairn's share price would likely benefit if FAR were to sell out of the SNE project.
12/12/2018
07:48
ed 123: Hsfinch. I doubt it. Re: Senegal, they have spoken of possibly selling down by at least 50%. Needs the FAR situation resolving ideally. Obviously it would have been an easier deal with oil at $80 than $60, but the share price has fallen accordingly. The way of the small explorers is to sell on (parts of) discoveries to the bigger oil cos. No reason to think that Cairn will offer up its survival to a roll of the interest rate/oil price dice.
24/9/2018
12:37
ed 123: Hi Rogerlin. I've read that White Industries had to chase this payment for about 10 years but they did eventually receive a payout of A$9,812,077, which was the initial arbitration award plus fees plus interest. Cairn's claim is far bigger than this, so if Cairn does win, (imo) it is virtually certain that India will use a series of legal challenges to either get the award annulled or to seriously delay making any payment. Back to the share price today, at 228p it looks to be getting back into the previous 225-240p channel. The FAR Woodside dispute is a nuisance, though Cairn say the project continues to progress. If that gets sorted, then maybe the share price rises to a new channel? 250-270p? Very hard to predict what any new channel would be when the India arbitration is decided. Win or lose? I think the downside is limited because of the amount that India has already seized. Upside, 100p gain if the the market believes the award would get paid? Who knows? Then 12 months from now, the first of maybe four exploration wells in the highly prospective Mexican Gulf should be underway. Bought some of these in the recent dip. Need to decide whether to hold for the medium term or take the short term profit.
23/8/2018
07:32
rogerlin: https://uk.advfn.com/stock-market/london/cairn-energy-CNE/share-news/Cairn-Energy-PLC-Update-on-Cairns-assets-in-India/77821781 Para 5 of the first section.
16/8/2018
08:02
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
16:24
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.
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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