Member Info for EmeraldCarrots

"Spike to £2.80 is equally silly".
Well, we will see.
A billion $ is a lot of money by any stretch.
Then with it we should I think get an update on Egypt etc...
Plus maybe news on selling catcher and Kraken as in we are doe for compansation if the price of oil over $60 in 2021, 2022 etc... Well, it ain;y been anywhere near $60 for ages, more like $75 to $82.
Plus shares spike up (and down) usually a lot lot more than folks expect.
Spike to £2.80 is not out of the question........ 20% chance maybe.
All IMHO.

to confirm we are just waiting now for the Indian Govenment cheque after submitting the documentation they requested and the sp is down to £1.91 !! OK the USA shares are down but it's mad as far as I can see. If she drops much more I'll be buying more i think.
All IMHO.

I sold BP 'cos of this! May have been a mistake but we will see.
Both BP. and Shell have massive investments in Russia (more fool them?).
https://edition.cnn.com/2022/01/10/us/five-things-january-10-trnd/index.html

Will be interesting. I can't see USA giving anything, so what will Putin do if that is the case??
All IMHO.

Johnnytaffia.
Not a joke. The oil is there as we know. The sea is less hostile than the North sea.
The problem is simply that Argentina's generals in the 80's decided to get popularity they would invade (even though Brits had been there for over 100 years).
The actual getting the oil to market IMHO is ONLY hampered by the percieved threat from Argentina. I don't see why the Oil Co's could not pay Argentina a small % as a gesture of goodwill as they obviously need the cash.
All IMHO.

in the Falklands then? Bold step but the oil is there.

The Labour party suggesting this means IMHO the Conservative party won't do it even if it's just bacause the Labour party suggested it! What a joke. Labour has done all the Oil Co's a massive favour if you ask me.
All IMHO.

I can't see the Conservative Government applying any tax suggested by the Labour party.
Simples.

surprised me is how much shares spike down on very bad news and how much they spike up on very good news. If you can hit the sweet spot you can do very well, but it's extremely difficult.
Assuming CNE get the $1 billion compensation money from the Indian Government it will be extremely interesting to see what the sp spikes up to.
All IMHO.

thecumbrian.
In reply to your post.
$1 billion is about £735,916,400. That divided by shares in issue (497,510,037) is about £1.50 per share.
What is completely unknown is how much of this shall we say expected money is actually built in to the existing share price.
No-one can possibly know exactly how much, and I would have thought if your guess is within 10% you would be lucky.
All you can do is go on experience.
I'm no expert but if more than 50% is included even now I would be surprised.
Current sp £1.95. £1.95 plus 75p (50%) is £2.70p, strangely enough.
All of these posts about this seem to be giving us more idea of where the sp may end up.
Food for thought.
Do your own research.
All IMHO.

34adsaddsa:-
It's not going up to £2.80. You need to chill out.
--------------------------------
That is a brave and possibly illegal statement!
Based on what if I may ask?

That is a brave and possibly illegal statement!
Based on what if I may ask?

assuming we get the Indian Govenment compensation money RNS to say the money is in our bank. Remember this is spike up guess.
I would expect an Update on Egypt before or with the announcement. People seem to be assuming the Egypt investment is not going to be a plus, more of a too early to say. No doubt we will find out. Good news on this front could of course affect where the sp ends up, assuming we get the Indian Government compensation money.
All IMHO.

where the sp will end up, assuming the Indian Govenment money arrives.
Let's try not to get annoyed with each other though! LOL!
What about the sale of our interests in Catcher and Cracken?
From RNS of 2nd November 2021:-
"Additional, uncapped contingent consideration will be payable to Cairn when Brent exceeds US$52/bbl on average in any of the five years 2021 to 2025. Assuming production is in line with Cairn forecasts, this contingent consideration is expected to generate approximately a further US$100 million at US$60/bbl Brent prices, US$175 million at US$70/bbl Brent prices, and US$240 million at US$80/bbl Brent prices.".
With the way the oil price has been are we not in for some MAJOR money here???
Megla. Do your calculations take account of this adisional money?
All IMHO.

***CORRECTION***.
Sorry, my mistake.
"Payment of the tax refund would enable a proposed return to shareholders of up to US$700m, via a special dividend of US$500m and a share buyback programme of up to US$200m. "
£500 million is about £367,958,200.
£367,958,037 divided by shares in issue 497,510,037 = 74p per share.
PLUS the share buyback DO NOT FORGET!

See here:-
https://www.investegate.co.uk/cairn-energy-plc--cne-/rns/half-year-report-announcement/202109070700049105K/

All IMHO.

shares in issue is 497,510,037.
£500,000,000 divided by 497,510,037 = £1.00 per share.
Of course the sp will fall after the record date.
My average price is £1.54.
Looking good.
All IMHO.

Not something I usually follow but is MKS market cap getting close to FTSE 100 territory now? As we know some big players only buy FTSE 100 so would be a big boost.
All IMHO.

Or £1.956 even. I maybe turning dixlexic if that is ow u speel ut.

maybe you should not dither!!
All IMHO.

Thursday 13th.

on the current value of CNE?
I find it amazing so few have posted what they think/know.
I have seen a site that says "enterprise value" £824m which is described as the theoretical takeover price of CNE. However is it up to date, is it correct??
If true then my £2.50 to £3.00 projected sp spike on news could be low.
Again I'll stick with the £2.50 to £3.00 to hopefully be on the safe side.
By any stretch the current sp seems very low assuming we get the Indian Government compensation money.
All IMHO. Do your own research.