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Cairn Energy Share Price (CNE)



Share Price Information for Cairn Energy (CNE)


Share Price: 146.80Bid: 146.70Ask: 146.80Change: -1.90 (-1.28%)Faller - Cairn Energy
Spread: 0.10Spread as %: 0.07%Open: 151.90High: 150.90Low: 146.10Yesterday’s Close: 148.70

Cairn Energy Plc Ord 231/169P

Cairn Energy is listed in the FTSE 250, FTSE All-Share, FTSE 350, FTSE 350 Low Yield
Cairn Energy is part of the Oil & Gas Producers sector






Share Price SpacerPrice
146.80

Share Price SpacerBid
146.70

Share Price SpacerAsk
146.80

Share Price SpacerChange
-1.28%-1.90

Share Price SpacerVolume
544,821

Share Price SpacerOpen
151.90

Share Price SpacerHigh
150.90

Share Price SpacerLow
146.10

Share Price SpacerClose
148.70

Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 576.26m £845.96m 10,000

52 Week High 286.60 52 Week High Date 5-NOV-2013
52 Week Low 146.10 52 Week Low Date 31-OCT-2014

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
358 252,220 292,601 -2.596 -56.54 0.00 0.00




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

31-Oct-14
10:21:15
146.80
500
Sell* 
146.80
147.10
734.00
Trade Type:
Automatic execution

31-Oct-14
10:21:12
146.80
960
Sell* 
146.70
147.10
1,409
Trade Type:
Automatic execution

31-Oct-14
10:19:34
147.04
3,000
Buy* 
146.70
147.10
4,411
Trade Type:
Ordinary
Deletion
Bargain conditions apply


*Buys and Sells are calculated on the difference between the trade price and the current mid price. As such, they can occasionally be incorrect.

View more Cairn Energy trades >>

Directors Deals for Cairn Energy (CNE)
Trade DateActionNotifierPriceCurrencyAmountHolding
26-Sep-14Buy
Trade Notifier Information for Cairn Energy
Alexander Berger held the position of Non-Executive Director at Cairn Energy at the time of this trade.
 Alexander Berger
178.5GBX3,42040008
26-Aug-14Buy
Trade Notifier Information for Cairn Energy
Alexander Berger held the position of Non-Executive Director at Cairn Energy at the time of this trade.
 Alexander Berger
190GBX3,21336588
26-Jun-14Buy
Trade Notifier Information for Cairn Energy
Alexander Berger held the position of Non-Executive Director at Cairn Energy at the time of this trade.
 Alexander Berger
200.9GBX3,03930009
View more Cairn Energy directors dealings >>

Date/Time
Author
Subject
Share Price
Opinion
18 Oct '14
tradernor
RE: Mauritania and Morocco Exposure
163.00
No Opinion

another SA article about several African oil producers: http://seekingalpha.com/article/2566935-how-much-does-it-cost-to-produce-1-barrel-of-oil-african-oil-producers-2013?ifp=0
18 Oct '14
TMpocket
Telegraph article 2014
163.00
Strong Buy

The below article is from Jan 2014 when the share price was around 263.
18 Oct '14
TMpocket
Part 1 http://www.telegraph.co.uk/f
163.00
Strong Buy

Doing some research and found this article very good read if you haven't read it already SHARES in oil explorer Cairn Energy could double this year as it comes to terms with “difficult second album” syndrome. The FTSE 250-listed oil explorer would sympathise with a dilemma usually attributed to rock bands – after more than a decade of drilling triumphs, the company is now trying to repeat its earlier success. The independent Scottish oil and gas explorer has been one of the biggest investment success stories of the past decade. Founded by former rugby player Sir Bill Gammell in 1981, the company built a reputation after a steady number of discoveries across Asia and India. The shares almost quadrupled from lows of 31p in early 2003 to about 120p in late 2008.When the company struck oil onshore in the Mangala area in Rajasthan, north west India, its fortunes were transformed. The shares soared to more than 550p in late 2010, valuing the company at about £6.5bn. Cairn has always focused on oil and gas exploration in frontier regions and eschewed a big role in the running of wells once the oil is flowing. The business model for Cairn is that once oil discoveries are made and developed they are then sold off and the cash returned to shareholders. The company sold a majority stake in Cairn India to Vedanta resources in 2010 and then returned $3.5bn (£2.1bn) to shareholders last year. Frontier exploration is higher risk but also offers higher rewards if successful.
18 Oct '14
TMpocket
Part 2
163.00
Strong Buy

During the coming 12 months the company has one of the busiest drilling programmes in its history. Nine new wells will be drilled this year, with five in frontier regions and four in the North Sea, up from only five wells last year. Investors don’t have long to wait for the first results. Drilling is already under way at Cap Juby Maritime III, offshore Morocco, in which Cairn owns a 38pc interest, and results are expected by early March. Oil has already been found here 20 years ago by Esso, but it was heavy oil. Cairn is using new technology to go deeper and hopefully find higher-quality and more valuable light sweet crude. The more exciting prospects are offshore Senegal and drilling is expected by March or early April, and, finally, some wells offshore Ireland that will be drilled in May. All of these projects, when combined and if successful, could add up to 390p to the shares, according to estimates from house broker JP Morgan Cazenove. Frontier drilling is high risk, though. The odds of discovery are as low as about 1 in 8, says JP Morgan Cazenove. The costs of drilling offshore are also higher, with each well costing up to $80m, compared with about $20m for onshore, according to Cairn. The jewel in the crown could be Greenland. A discovery in the massive Pitu block, offshore north west Greenland, could add anything up to 800p to the shares; however, progress has been slow as Cairn’s drilling partner, Total, is yet to fully back a new well. The attraction of Cairn is that investors have some protection if no oil discoveries are made. The company still has a 10pc stake in Cairn India worth $1bn, and cash on the balance sheet worth $1.25bn. Oil fields in the North Sea bring the total to $2.5bn in assets, or about 256p per share. Another way of looking at it is that investors get all the potential discoveries for free at the moment. Shares in Cairn Energy represent a high-risk option for investors. During the next 12 months it will undoubtedly be a bumpy ride. On balance, though, the risk reward looks favourable from the current price. Cairn has an excellent track record of being one of the best frontier exploration companies in the world. The City is also resolutely positive on Cairn; 18 analysts believe it is a buy, 12 think the shares a hold and there is only one sell recommendation, according to a Bloomberg poll of 31 City analysts. The target price for the shares is also more than 30pc higher, at about 350p. Questor likes these odds. Buy.
15 Oct '14
tradernor
Mauritania and Morocco Exposure
156.20
No Opinion

Given CNE's significant exposure in Mauritania and Morocco, this is a must read analysis from Seeking Alpha about many oil producers in Africa, Middle East and Latin America: http://seekingalpha.com/article/2562065-petroamerica-oil-welcome-to-the-cheapest-oil-producer-worldwide-part-2
15 Oct '14
mono51
oil price decline
153.90
No Opinion

This a short term thing and will turn around once supply is reduced which it will be soon and demand picks up which will also happen but not as quickly. Not good for oil companies etc in the short term but with petrol etc falling this will reduce distribution costs and leave the consumer much better off which should in turn fuel ( excuse the pun!) spending and growth. its an ill wind and all that!!!

Share prices shown are taken at time of message posting.
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Cairn Energy Plc Ord 231/169P home pageWebsite: Cairn Energy Plc Ord 231/169P
Website Description: Cairn Energy PLC



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