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Share Name Share Symbol Market Type Share ISIN Share Description
Capricorn Energy Plc LSE:CNE London Ordinary Share GB00BN0SMB92 ORD 21/13P
  Price Change % Change Share Price Shares Traded Last Trade
  2.60 1.09% 242.20 1,091,703 16:35:26
Bid Price Offer Price High Price Low Price Open Price
241.60 242.20 247.00 240.00 240.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 42.22 646.08 133.57 1.6 763
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:20 O 28,261 241.846 GBX

Capricorn Energy (CNE) Latest News

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Capricorn Energy Investors    Capricorn Energy Takeover Rumours

Capricorn Energy (CNE) Discussions and Chat

Capricorn Energy Forums and Chat

Date Time Title Posts
03/2/202316:04CAIRN - 2010 & BEYOND, GREENLAND, INDIA, etc7,524
02/2/202312:31CAPRICORN ENERGY 6
03/9/202208:36CAIRN ENERGY994
11/3/202215:54Capricorn energy14
06/5/202120:21Indian government makes a move to protect overseas assets-

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Capricorn Energy (CNE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-02-03 18:28:21241.8528,26168,348.10O
2023-02-03 17:55:36242.204,65311,269.57O
2023-02-03 17:30:06241.904,65311,255.61O
2023-02-03 17:24:05243.1415,74638,284.98O
2023-02-03 17:14:27243.744,82211,753.19O
View all Capricorn Energy trades in real-time

Capricorn Energy (CNE) Top Chat Posts

Top Posts
Posted at 25/1/2023 17:08 by p6r0
Yes for now, things are very much up in the air. The market dislikes uncertainty hence the drop in share price. However once the new board convene after the GM and flesh out their plans, I feel that things will improve in terms of price.I may even use any weakness to increase my holding whilst the alternative options are being mulled over by the newly elected BOD.
Posted at 24/1/2023 14:50 by anley
"NewMed said it would continue to consider its strategic alternatives, as the prospects for its merger with Capricorn grew dimmer."

That was part of the disclosure announcement which in effect puts that acquisition to sleep - unless CNE gets a much better deal which I doubt.

So CNE is left with income producing assets and cash and I suspect that by early MARCH a new board will have gone through the books enabling them to tell shareholders just what they are going to do.

In the meantime what will happen to the 5 Deltic Energy JV licences - will CNE wish to develop the two promising ones or would the new board wish to carry on with their development.

It is up to Deltic to find out just what may happen to these assets.........????

Posted at 05/1/2023 16:26 by anley
A good pointer and thanks for pointing out the NewMed share price..

There is still lots of meat on the CNE bone for Palliser to do well out of what they want.

Posted at 05/1/2023 12:02 by churchill2
The Capricorn board may have come out fighting but are not getting much support from the NewMed share price. When the deal was struck the price was 890 shekels now currently 750 shekels. Presently Capricorn shareholders are a long way from the 271p that appeared to be on offer initially. It may be the board is planning a revision of the terms but based on the Ill fated Tullow debacle I doubt it. In my opinion it depends on who you can trust to get the best deal for shareholders.
Posted at 31/12/2022 11:28 by churchill2
No contest currently. Based on latest NewMed share price and present exchange rates the offer is 162p plus 79p equals 241p. Where do we go from here?. NewMed back out or Capricorn revise the offer. Capricorn board resigns. Current share price indicates that Palliser appears to be in the driving seat.
Posted at 05/12/2022 12:58 by anley
There will come a time when CNE will have to come clean and tell shareholders just what is going on:

In one corner you have CNE talking to NewMed BUT in the other corner over 10% of shareholder votes against the deal because they feel CNE may be selling out too cheaply.

How long can this go on? I believe it will be early in 2023 when matters become clear.

For me I am interested as to what will happen to the 5 X licences CNE has with Deltic Energy. There is a possibility that 2 licences could be drill ready in 2023 but some shareholders think that CNE should acquire Deltic and work with Shell if the Pensacola area results come up trumps in early 2023.

Posted at 05/11/2022 21:47 by churchill2
Good question. If you read 7403 and 7404 the calculation is there.The problem is that both the NewMed share price and the shekel/pound move on a daily basis. It will be interesting to see how Capricorn intend to overcome this conundrum. The obvious solution would be NewMed pay the 99p in cash. Share price manipulation is not feasible.
Posted at 05/11/2022 07:59 by controlledmadness
Can anyone explain in simple terms what the calculation will be for the adjusted exchange ratio?
Is it just the number of shares issued or does it involve share price and exchange rates and how independent is it on share price manipulation.

Posted at 30/7/2022 10:47 by 888icb
It looks increasingly likely that a big deal is about to be done involving an asset in Kenya that TLW has a large stake in. If this leads to a decent increase in TLW’s share price it will be interesting to see how this is reflected in the CNE share price.
Posted at 06/6/2022 18:44 by tron22
Trading volume was 23 million last Wednesday and 14 million today. The share price should be way higher. At least the new management believes in dividends, unlike the num nuts at cne. Let’s hope we see a share price north of 2.40 very soon. Are we going to lose money when they convert the cne shares over to the new ones? When will this happen?
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