Member Info for TheLuckyPin

Let's keep our fingers crossed for baysil's takeover then !.

Green Energy could turn out to be a false idol for CNE. Stick to what you know and run the Co. for good cash returns avoiding expensive chancy exploration like Greenland, remembering there's a pregnant politically modified elephant in the room that's eating our lunch. And the political mods. mean this elephant produces quads which reach reproductive maturity in 18 months.

Bowdler or Wells ?

Good grief, what nonsense the BoD members can fly out in a private jet, don hazard suits with chemical weapons grade masks, just get the lolly. And then in private they're just as like to take the masks and suits of to tuck into a posh lunch , just like our very own lords of misrule.

Yes indeed the BoD is treating us like mushrooms, it's shocking we have to rely on unofficial briefings from the Indian side, as for buying up cheap shares it looks very unlikely that anywhere near £20m will be bought in before the cash arrives. Hold tight everyone can't be long now it's just the &^%$# waiting.

Yes shocking indifference to shareholders, seems they , the BoD, think of Cairn as their own personal fiefdom

I well understand your frustration with the way the Board is conducting contact with shareholders but feel it's an error to sell now before the Indian cash arrives, it will surely give a reasonable boost to the share price
Each of us must make our own decision as to when to buy or sell so I don't criticise you for selling but it would be a shame to miss out on a gain when the Indian cash arrives , who knows you might get a chance to buy back at less than you sold but if you've gone for good best wishes for your other and future investments.

DK totally agree with your implied criticism of the Board re info. We the shareholders own the Co. and they are appointed to manage the Co. on our behalf and yet they're not keeping us up to date with proceedings. It really isn't good enough.

And the way things are dragging out I'd be very pleased to see us at 250 post cash receipt, for starters. Fed up with the waiting.

May I be so bold as to wish you a happy and long early retirement

36,000 shares bought in yesterday, they're not even making a decent effort.

If they wanted to get a purchase of 20m£ of stock might they not have put out a tender to the market for that amount, get it done in one go, there doesn't seem to be an overwhelming demand for Cairn shares even at these rather lowly prices.

You could well be right, it doesn't look like a determined attempt to buy in 20m£ of stock and yet every share bought in is only purchase price minus 72p, the dividend.

And wouldn't you know it an ad for an ev popped up at the bottom of the page. Volvo must have been reading my posts.

Just seen headline on Google from the Guardian saying ev's in Australia averaged more miles than petrol this year, presumably per car not as a total and Australia has been run as a prison for some time so only the gaolers will be out driving , the gaolers being the do as I say not as I do brigade.

And no I'm not referring to the BoD and their failure to pursue the 700m pre tax. What comes out of the other end of an elephant can be put on your rhubarb, though I prefer custard myself (old joke), but what's coming out of this elephant is damagingly corrosive to the Oil&Gas E&P's future prospects. The elephant of course represents the Climate Change cobblers & the Net Zero zealotry, and its discharges the effect they will have on the industry. Its not going to be beneficial you can be sure of that with some 85% plus of a barrel of oil used as a source of energy, if anyone thinks that figure is wrong please correct , I haven't gone to the trouble of looking it up this time. Those not using ad blockers will have seen the many ads for EV and Hybrids that have been appearing on this site , as well as TV and press of course. Ford in the US plan to be producing by 2025 several hundred thousand electric vehicles p.a. can't recall exact no. and all producers will be doing the same, they will have to, forced by legislation. Huge sums of money are directed to the move away from fossil fuels whether or not it makes strict economic sense and the consumer will be footing the bill and investors in fossil fuels will be feeling the hurt on their investments. It won't happen overnight but may happen quicker than many now appreciate. Perhaps I'm being overly gloomy, I'd be interested to here other posters thoughts on the subject . It doesn't mean there won't be opportunities for profitable trades in the short term and States producing fossil fuels know from which way the wind blows and for them higher oil & gas prices are now surely imperative , they have to make hay while the sun still shines , and those higher prices will hopefully buoy our share price. I dismiss today's all round carnage on share prices and oil as an hysterical reaction to reports of the latest covid variant, what is it now, variant 999?.

Will we get statement from Co. regarding progress of refund following last Thursday's "unofficial" report from Indian "sources". This is important price sensitive info and Co. should update Market promptly.

Dharmendra.
Thanks for the update. Lifted the spirits a bit on a not too good a day for the portfolio.

The end is nigh, at last. Pity the BoD bottled it over the extra 750m pre tax though. A nice Xmas present nonetheless.

Co. Is offering to buy by tender up to 200m£ by value of these notes and intends to issue new notes to 2028, that's if I've read it correctly, and it's a bit of a read on phone screen.