Member Info for Auson

Whiteace,

Well if I thought something was going lower I would sell.

Whiteace,

Well I don't take that view but if I did I would not still hold here as there would be no point.

Whiteace,

Why two years ? The only reasons we are down here and not in the mid 20s right now is because of uncertainty caused by Krakens performance issues and Cairns impairment sticking the boot in when we are already down. To me I think its obvious they did this for their own share options and future performance related pay. They are also still hopeful of getting money out of the Indian government.

Apparently since inception they converted it to run on gas.

Hi romaron,

On this site it shows as a sell I know the UT is not really a buy or a sell but its the largest we've had for some time 550k vs a number of 35k UTs on previous days, shows there is some appetite between the MMs for something. ENQ1s took a bit of a hit today as well but still well above Dec 18
Have a good weekend all this will come good !

Modestus,

That is correct, strange the stock on loan level was VERY low, I guess they could do it with rolling naked shorts volumes been low so it would be easy. For the shorters with such a low Mcap I just don't see it being them. Could be a preditory buyer circling ?

Good size uncrossing trade which we've not seen for a while 3.5 million shares Hargreaves Landsdown showing as a buy but who knows.

Modestus,

It could be argued that diamonds don't really have a true value. Where as energy will always have value.

Are reducing CAIRN ENERGY PLC WorldQuant, LLC 0.58% -0.11% 13 Mar 2019

Krakenoil,

Today CNE is down 2.4% BlackRock increased their holding on the 13th 8.56% to 8.76%

January,

Have you emailed Investor Relations recently it looks like its time for a market reassuring RNS stating current production, net debt, headroom etc. It could be worded as a DC4 update with a little more colour on the financials and production. There is no way the market cap here should only be 270 million with Brent above $66

mick-b,

He had some good ones too its just the way the cookie crumbles. Regarding my luck I think I'm getting better and that's what is all about for me. But my CEY and ENQ aren't looking too clever right now !

mick-b,

Admin RNS out now. Hope you didn't have any of these. My old man bought a few K he also bought Pat Val and Carillion, I guess it seemed like a good idea at the time. Bless him.

On the 15 March 2018 the SP closed at 25.5 the bond price was £88
On the 24 Dec 18 the SP closed at 18.9 the bond price dropped to £68.20
Today 15 Mar 2019 the SP is 16.2 and the bond price is back up to £82

hitman1a,

$10 is a big discount to Brent I've spoken to I.R. about this and believe there was some detail from Enquest previously that the Kraken crude was well received and the discount to Brent was only in the range of $3 to $5. I guess it depends on the demand at the time.

chilting,

Don't they disconnect the FPSO from the umbilical in a storm for safety ? Meaning zero production until storm has passed.

chilting,

Its got to be odds on they are already doing it.. but they won't notify us until they have finished.
Any tankers on the horizon who are the likely contenders ?

epiphany121,

Isn't 'below the boat' the subsea infrastructure ? I'm thinking they have used technical issues to downgrade the resevoir. Your right I think Enquest could give some more detail on this as the market has clearly chosen to ignore the RNS

hitman1a,

Isn't Kraken water drive ? So the water cut is a result of the FPSO issues not the reservoir ?

romaron,

Did you notice on Cairn the director share awards were calculated at the closing price on the 12th March 167.7p Share price was up to 213p on the 4th March and 203p in Feb
I would think that the impairment calculation could be open to interpretation they could have calculated it before the 31st Dec ready for the results or at any point 31st Dec to 12 March. Or they could have worked it out on their average prediction for Brent for 2019 or even the life of the field. There is also the discount from Brent for Kraken heavy. Only way to know is to email Cairn I.R.
I will work on my troll feeding habits I know its a problem I have.