Company
Capricorn Energy PLC
LON:CNE
Capricorn Energy PLC is one of Europe’s leading independent upstream energy companies, headquartered in Edinburgh, UK. Historically it has discovered, developed and produced oil and gas in multiple settings throughout the world.
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Capricorn Energy gets repeat 'add' rating from Peel Hunt on new combination move
The analysts pointed out that the NewMed deal values cum-div Capricorn at 271p per share - or 99p ex-dividend - and will result in Capricorn shareholders owning 10.3% of the enlarged group
Capricorn Energy says Tullow merger is set to deliver significant long-term value
Other possible transactions are also being reviewed, Capricorn noted
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Malcy's Blog - Oil price, IOG, Hurricane, Jadestone, Gulfsands, Tullow/Capricorn. And finally…
WTI $114.67 -40c, Brent $115.6 -$2.00 (August), Diff -$93c, -$5.67USNG $8.15 -58c, UKNG 166.0p -26.0p, TTF €87.555 -€6.145Oil priceWith Brent July expiring and WTI catching up from the holiday oil looks even more mad than usual. There are m
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Malcy's Blog - Oil price, President, Empyrean, Capricorn. And finally…
WTI $106.13 +42c, Brent $107.45 -6c, Diff -$1.32 -48c, NG $7.74 +10c, UKNG 190.0p -5.45pOil priceOil will be up today but down on the week after the EU are continue to dither and delay about taking oil & gas from Russia. Also Enercom today
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Oil price, Predator, Pharos, UOG. And finally…
United Oil & Gas United Oil & Gas has announced successful test results and commencement of production from the Al Jahraa-13 development well, in the Abu Sennan licence, onshore Egypt, which is operated by Kuwait Energy Egypt.
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Oil price, Genel, Wentworth. And finally…
Opec+ must have thought that their many prayers had been answered when yesterday the EIA put out a bearish set of inventory stats, more than likely to be a one-off, that will in hindsight have given a green light for the oil cartel’s ongoin
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Oil price, Chariot, Cairn, Empyrean. And finally…
Chariot has announced that it has signed a contract with Stena Drilling, one of the world’s foremost independent drilling contractors, to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus licence, of
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Malcy's Blog: Oil price, Cairn, GKP, President. And finally…
Cairn Energy (LON:CNE) Cairn are changing the course of the business, selling out of chunks of its North Sea portfolio and investing in the Western Desert of Egypt, now I wonder who else close to Cairn has done that? They are selling their
Cairn Energy strikes deals to exit North Sea and acquire producing assets in Egypt
Alongside a new Egyptian partner, Cairn is acquiring substantial gas-weighted production which is said to have significant potential for growth
Cairn Energy says its well positioned at start of 2021, flags lower North Sea production
“The company is well-positioned to be opportunistic in the current market as it seeks to diversify and grow its production base”
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Alba Mineral Resources jumps higher after finding gold in Wales
A look at some of Wednesday's major movers on the London Stock Exchange
Cairn Energy awarded US$1.2bn by tribunal in Indian tax dispute
Cairn filed the complaint in 2015 following a capital gains demand of US$1.4bn
Cairn Energy plans to pay US$250mln special dividend in January
A 32p per share dividend will be paid to shareholders on Cairn's register on January 8 2021.
Cairn Energy promotes non-executive director to chairman
Nicoletta Giadrossi will replace Ian Tyler as of January 1, 2021
Cairn Energy will now sell Sangomar assets to Woodside Petroleum
The new deal, via 'pre-emption', replaces a US$400mln transaction agreed with LUKOIL back in July.
Cairn Energy exits Senegal oil field project via US$400mln LUKOIL deal
It plans to return US$250mln to shareholders with a special dividend payment.
Cairn Energy says India settlement avoids significant coronavirus delay
There have been some minor delays but the Arbitral Tribunal is expected to deliver its ruling "after the end of the summer"
Cairn Energy’s Mexican exploration well is a ‘duster’
The Ehecatl-1 was drilled down to 4,451 metres but found no hydrocarbons in its target.
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Today's Oil & Gas Update - Cairn Energy, Parkmead Group, Bowleven and more...
Cairn Energy (LON:CNE): Production and development expenditure reduced; exploration deferred Parkmead Group (LON:PMG): LNG oversupply hits cash flows Bowleven (LON:BLVN): Interim results, sufficiently funded to reach FID at Etinde
Cairn Energy axes 23% of capex from 2020 plans; shelves most exploration and more cutbacks are eyed
Cairn is cutting its cloth in the aftermath of crude’s collapse which was triggered by the coronavirus (Covid-19) pandemic and the breakdown of the OPEC+ cabal.
Cairn Energy emphasises “strong” cash flow and discipline as it releases result in wake of oil price slump
Cairn generated US$390mln of cash in 2019, spent US$242mln of capex and ended the year with debt facilities undrawn.
Cairn Energy confirms production at top end of guidance
Net oil production for 2019 averaged 23,000 barrels per day (bopd) versus guidance of 21,000 to 23,000 bopd.
Cairn Energy and partners make final investment decision to greenlight Senegal oil field development
“Senegal is now an attractive oil and gas province, drawing the attention of the global industry,” said Simon Thomson.
Cairn Energy named ‘top pick’ as JP Morgan says it is bullish on oil E&Ps
"Cash harvesting" has shielded companies like Cairn and EnQuest from downside price risks.
Cairn Energy to sell Norway assets for US$100mln
"This is a further attractive transaction for Cairn shareholders in line with our consistent strategy to realise value and redeploy capital within our portfolio,” said Simon Thomson.
Cairn Energy drills duster off the coast of Mexico
The horizon the well was targeting was hydrocarbon-free
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Today's Oil & Gas Update - Cairn Energy, Premier Oil and Pantheon Resources.
Oil & Gas Daily FlowNon-Independent Research; Marketing & Sales Commentary - MiFID II exempt information – see disclaimer belowMarket Update: Thursday 17 October 2019Cairn Energy (LON:CNE): Chimera well turns up dry, UK North SeaPremier Oil
Cairn Energy’s Chimera wildcat well fails to find hydrocarbons
The unsuccessful exploration well was positioned 40kms away from the Kraken field.
Today's Oil and Gas Update – - Cairn Energy, Gulf Keystone Petroleum, Trinity Exploration & Production & Lansdowne Oil & Gas
Cairn Energy (LON:CNE): Half-year Report Gulf Keystone Petroleum (LON:GKP): Half Year Results Trinity Exploration & Production (LON:TRIN): Half Year Results Lansdowne Oil & Gas* (LON:LOGP): Barryroe Farm-Out Transaction Update
Cairn Energy reveals Norwegian exploration well is ‘dry’
The well encountered a 'very good' quality reservoir but no traces of hydrocarbon were found.
If the North Sea is revitalised, what are the best options for investors?
A flurry of asset acquisitions, investments and new field start-ups are all signs that the North Sea "continues to be revitalised”.
Cairn Energy “particularly pleased” with Catcher field as production remains on-target
In the wake of a prior downgrade to the Kraken field, Cairn told investors that production volumes have risen in 2019 to date and volumes are on-target.
EnQuest shares rally as financial results confirm confidence in Kraken
EnQuest told investors that it continues to expect Kraken will achieve gross production of 30,000 to 35,000 barrels of oil per day this year
Cairn Energy downgraded sharply as City is made to wait for India decision
Without the possibility of a big payout in the immediate future, RBC reckons Cairn lacks compelling catalysts
Row breaks out between North Sea partners as Cairn downgrades Enquest's Kraken field
In barrel terms, Cairn cut off around 6.8mln from the field’s crude endowment
‘Alternative facts’ see EnQuest shares slump as Cairn downgrades Kraken field
EnQuest shares dropped almost 10% after Kraken field partner Cairn downgraded reserves and made a US$166mln impairment on the heavy oil field's book value - but, EnQuest sees things differently.
Cairn Energy sets sights on exploration upside as asset write downs dent financial results
Cairn will have interests in as many as seven new exploration wells being drilled during 2019, to complement its field development projects and producing fields
FTSE 100 edges higher ahead of big Brexit vote
"It’s over. The deal and perhaps May’s premiership. The DUP & the ERG & Cox have seen to that. What’s extraordinary is that no-one knows what happens next," tweeted the BBC's Nick Robinson
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If Theresa's May's plan is voted down again, the Brexit can might be kicked further down the road
Tuesday will also bring the latest UK GDP growth data, a day ahead of the Chancellor's Spring Statement, as well as results from Domino's Pizza, G4S, and Cairn Energy
Cairn Energy reveals delay to India arbitration result
"Cairn expects that the timetable for issuing the award will be more protracted than originally anticipated and is unlikely to be before late 2019”
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Cairn Energy boasts “balance sheet strength” as it eyes growth opportunities
"Cairn enters 2019 with balance sheet strength and cash flow from North Sea production to fund significant growth opportunities,” said Simon Thomson, Cairn chief executive
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FTSE 100 finishes in red as China growth worries hit global equities
Top laggard on Footsie was oil services giant Wood Group, which shed 4.09% to 524.80p
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Eyes on Dixons Carphone guidance as it delivers trading update on Tuesday
Dixons Carphone and Cairn Energy will be among Tuesday's highlights.
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Cairn Energy announces new North Sea oil discovery
It made a new discovery at Agar-Plantain, has agreed to farm-out for the Chimera prospect and is about to see the spud of the Presto well
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Proactive weekly oil and gas highlights: 88 Energy, Range Resources, Mosman Oil And Gas ..
It was another busy week in the small cap oil and gas sector
Cairn Energy’s Senegal field development advances as plan is submitted
The development plan has been submitted to the authorities and Woodside Energy will now become the operator
West of Shetland discoveries point to new growth for offshore UK
The narrative around the North Sea’s demise is both exaggerated and premature, but, the 'blue sky' very much remains in the West of Shetland region
Proactive Weekly Oil & Gas highlights: Hurricane Energy, Eco Atlantic, UK Oil & Gas, Sound Energy ...
It was another busy week of deals and operations updates in the junior oil and gas sector.
Cairn Energy’s India losses distract from its North Sea success story
The Catcher and Kraken fields were ramping up production through the first half of 2018, but, as international arbitration continues, the Cairn India tax dispute remains a concern
FTSE 100 stays in red at close as Brexit deal confidence wanes; trade fears persist
The UK bluechip index fell 25 points to 7,253 around 3.50pm
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UK jobs and wages in focus given upcoming Bank of England policy meeting
Aside from the latest UK labour market data, Tuesday will also bring corporate updates from the likes of Ashtead Group, JD Sports Fashion, and Cairn Energy
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Heatwave may help or hurt sales at Wetherspoons, JD Sports, Primark and Dunelm
The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead
Faroe Petroleum farms into Agar-Plantain well opportunity
Faroe is taking a 25% stake in a US$15mln well which will test two separate targets - one exploration, one appraisal - in an area close to the boundary between UK and Norwegian waters
UBS fancies Cairn Energy as Catcher performance promises upgrade
Catcher operator recently flagged that the new North Sea operation was now at plateau production - UBS reckons a strong performance suggests it will now yield more hydrocarbons than previous forecasts
Cairn Energy writes down value of Vedanta investment as Indian tax row rumbles on
The Indian government seized Cairn’s stake in Vedanta as part of a row over taxes and has now sold off a chunk of that holding worth US$234mln
Tullow Oil and Cairn Energy targets lifted by UBS
Improving investor sentiment across the sector is good news for pure-play exploration and production stocks.
Goldman Sachs upgrades Tullow Oil and Cairn Energy on crude strength
Goldman is targeting stocks with the promise of cash flow growth and operational upside
Cairn Energy boss “excited” by busy year ahead
Cairn’s boss Simon Thomson will tell investors at today’s AGM that the oil company made big strides in 2017, something he expects to see again in 2018
FAR advances opportunities in Senegal and The Gambia as oil price hits multi-year highs
FAR’s share price has been increasing along with the oil price and is trading near 12-month highs.
Premier Oil and Ophir Energy upgraded by Barclays, while Faroe Petroleum is cut
Barclays Capital sees further upside for oil and gas firms so long as crude continues at US$65 to US$70 per barrel
Proactive Oil Highlights: Cairn Energy, SDX Energy, Chariot Oil & Gas ...
A glance at this week’s top stories from London’s junior oilers
Cairn Energy says Catcher and Kraken fields are approaching plateau rates, looks forward to Senegal milestones
After delivering Kraken and Catcher in 2017, the company now looks to Nova (in Norway) and SNE (offshore Senegal) for its next value adding developments
FTSE 100 closes firmly lower as traders get jumpy about US politics
FTSE 100 finished almost 76 points lower at 7,138, while the FTSE 250 lost over 254 points at 19,863.
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Philip Hammond's first-ever UK Spring Statement to show austerity still very much alive
The day ahead includes the first-ever UK Spring Statement from Chancellor Philip Hammond, plus full-year results from Antogasta, Cairn Energy, and Fevertree Drinks
Cairn Energy shares strengthen ahead of results thanks to broker upgrade
A new price target of 300p sees some 55% upside to Cairn's current price but the 'Bull' case goes much higher
Investments and investor services
FTSE 100 can’t hold gains and closes in red as sterling firms
Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214..
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Chancellor's Spring Statement unlikely to include big spending plans, says think-tank
The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
Cairn Energy upgraded as analyst eyes exploration catalysts and a possible Indian windfall
The new target of 300p sees some 34.5% upside to the current price of 223p
Proactive Oil & Gas Highlights: Cabot Energy Plc, Angus, Eco Atlantic Oil & Gas, SDX Energy, Premier Oil, Cairn Energy, BP
There was plenty of activity in the oil sector this past week, from both the small caps and the larger companies.
Cairn Energy estimates 2018 net production of 17,000 to 20,000 barrels of oil per day
The FTSE 250-listed explorer also said its capital expenditure for the second half of 2017 was around US$205mln, principally comprising circa US$75mln development expenditure and about US$130mln exploration, appraisal and new venture expend
Investments and investor services
FTSE 100 finishes higher but miners weigh
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
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Consolidation and improving market conditions to lift trading at discount airline easyJet
Day ahead includes trading updates from easyJet PLC, Cairn Energy PLC, Marston's PLC, Pets at Home PLC, plus interim results from IG Group PLC
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Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Providence Resources and Lansdowne Oil & Gas closer to Barryroe farm-out with signing of exclusivity deal
The two AIM-quoted explorers intend to drill again at Barryroe in 2018, and landing a long-awaited new partnership would be a significant boon to their plans
Jefferies upgrades Tullow Oil and downgrades Cairn Energy
Jefferies’ ‘hold’ rating for Tullow now comes with a new price target of 180p, up from 175p.
Europa Oil & Gas celebrates ‘record year’ for corporate activity
“The company agreed no fewer than seven transactions for the financial year ending 31 July 2017, all of which are in line with our strategy to advance our asset base towards value trigger events such as drilling"
Healthy gains for Tiziana Life Sciences, MedaPhor Group, and Premaitha Health
Some of the biggest risers and fallers in London on Thursday
Cineworld under the cosh as it reports slowdown in box office sales
Cineworld left its full year guidance unchanged as the Christmas period sees the release of the highly-anticipated new Star Wars film
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
FTSE 100 edges higher as "Spreadsheet Phil" sings 'This old house'
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
Numis talks up Cairn Energy but the price target moves lower
“We see the potential for Cairn to deliver multi-year, profitable, growth into the next decade,” Martin said in a note.
Proactive oil news highlights – SDX Energy, Jersey Oil and Gas, Union Jack Oil, Angus Energy, UKOG
New discoveries onshore UK as well as abroad provided the week's oil and gas highlights.
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Proactive news snapshot: Jersey Oil and Gas, Landore Resources, Columbus Energy Resources …
A glance at some of the day's highlights from the Proactive Investors newswire