Member Info for Ant1986

The market has absolutely bashed Cairn this past month - it's now trading at/below cash with zero enterprise value or arbitration award. Even if Cairn did a deal at worse case (£300m) it would blow this share price out the water.

ESG is an angle but I'd suspect most are panic selling and it just won't be what some are fearing.

Looking across the board, it seems the sector took a pretty big hit today. We recovered a little but hopefully we can do better than we have recently. 123p looked like a firm support. Would be good to push back to that 145p area!

Well priced? Haha, that's one way of putting it...

I think, if it gets any cheaper, we should dig behind the sofa and stump up an offer ourselves!

Kraken/catcher is worth another £140m at $73 brent (£495m in total) + cash (£233m) = £728m

We trade at £600m.

Ha-ha, it doesn't usually talk, must have been so surprised.

Company had cash pos of £233m at year end (minus Senegal).

Sale of Kraken and Catcher will add £355m.

Natural Gas has risen 100% since the start of the year.

Indian asset seizures have begun, having already turned down £300m.

New assets bought.

Mexico going well.

My calculator is saying the SP is WRONG! Very WRONG!

Agreed. And the natural gas price is balmy during this trading period - should book a very nice profit!

Unless I'm mistaken, Cairn had $500m cash according to the last financial report?

No idea what is going on with the share price, 180 - 124p in 2/3 months. Valued just above cash?? Games being played!

The India arbitration ruling is just not priced in AT ALL.

I think it's hugely in Cairn's favour, based on recent history.

https://energy.economictimes.indiatimes.com/amp/news/oil-and-gas/1-2-bn-arbitration-award-govt-says-no-formal-proposal-from-cairn-to-settle-dispute/84994964?__twitter_impression=true

To be picky, $ and £ aren't the same.

Regardless, what duration do folks think now? It's been years already but the seizure of assets usually signals the end game according to history?

Agree. And not a want. But I bought down here and think any cash award at £200-300m level + rewards shareholders in at this crazy price.

That's £300m.

I agree with going after more, but regardless, it's not priced in for whatever reason.

I'm trying to convey the share price is not reflecting the India money.

The cash pos + assets could justify this pos. Add £200-300m in cash and it's crazy cheap. Add £1.7bn and well...

The market is currently valuing it at 0p in the £, so anything would reward shareholders.

Nice result this morning.

Sell the debt for £200-300m and move on. That's half the mcap and shareholders can reap from the rest of the assets and futue investments.

This is brutal now. 2019 prices with silver at $25?! Crazy.

Not listed on iweb either - just trying to get that fixed now.