CNE.L - Cairn Energy PLC

LSE - LSE Delayed price. Currency in GBp
227.60
+3.60 (+1.61%)
At close: 4:35PM BST
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Previous close224.00
Open224.00
Bid0.00 x 12300
Ask450.00 x 20000
Day's range220.80 - 232.00
52-week range166.60 - 270.40
Volume1,612,444
Avg. volume2,562,105
Market cap1.318B
Beta1.00
PE ratio (TTM)5.11
EPS (TTM)44.50
Earnings date11 Sep 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2012-02-06
1y target est3.75
  • Reuters3 days ago

    Not dead yet - Home of Brent crude gets new lease of life

    When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030. From original plans to stop production at ETAP, BP decided to invest $1 billion in 2015. "One has to take stock of the potential going forward and make an intervention that allows for the right investment to extend life," Ariel Flores, BP's North Sea Chief, told Reuters.

  • Not dead yet - Home of Brent crude gets new lease of life
    Reuters4 days ago

    Not dead yet - Home of Brent crude gets new lease of life

    When ETAP was launched 20 years ago today, some experts predicted the UK sector of the North Sea would cease most production by 2030. From original plans to stop production at ETAP, BP decided to invest $1 billion in 2015. "One has to take stock of the potential going forward and make an intervention that allows for the right investment to extend life," Ariel Flores, BP's North Sea Chief, told Reuters.

  • Reuters - UK Focus9 days ago

    BUZZ-Euro E&Ps: macro environment much improved - JPMorgan

    ** JPMorgan says macro environment is much improved for independent European Exploration & Production cos ** JPM cites better balance sheets, reduced forward capex commitments and service market which ...

  • Want to become a stock market millionaire? Here are 2 shares that could help
    Fool.co.uk12 days ago

    Want to become a stock market millionaire? Here are 2 shares that could help

    These two stocks appear to offer improving outlooks at a reasonable price.

  • Bloomberg12 days ago

    Cairn Loses $216 Million Vedanta Stake as India Tax Row Deepens

    India has sold a part of Cairn Energy Plc’s stake in mining major Vedanta Ltd. as part of a tax dispute. India’s Income Tax Department told Cairn that it sold some seized shares of Vedanta, worth about $216 million, according to a statement by the London-listed company. The department may sell more shares in the future and Cairn’s stake in Vedanta stands reduced to about 3 percent, it said.

  • Cairn says Indian tax office sold $216 million of Vedanta shares
    Reuters12 days ago

    Cairn says Indian tax office sold $216 million of Vedanta shares

    Cairn said it still holds about 3 percent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales. The write down will result in an impairment charge in the company's half year results in September equal to the value of the total shares notified as having been sold by the tax department at that time, Cairn said. Indian metals and mining group Vedanta Ltd last year completed its buyout of oil and gas explorer Cairn India Ltd, giving Cairn a shareholding of about 5 percent in Vedanta plus an interest in preference shares.

  • Reuters - UK Focus12 days ago

    Cairn says Indian tax office sold $216m of Vedanta shares

    Cairn Energy (LSE: CNE.L - news) said on Monday it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company in a dispute over retrospective tax dues. Cairn said it still holds about 3 percent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales. The write down will result in an impairment charge in the company's half year results in September equal to the value of the total shares notified as having been sold by the tax department at that time, Cairn said.

  • Is Cairn Energy (CRNCY) Outperforming Other Oils-Energy Stocks This Year?
    Zacks17 days ago

    Is Cairn Energy (CRNCY) Outperforming Other Oils-Energy Stocks This Year?

    Is (CRNCY) Outperforming Other Oils-Energy Stocks This Year?

  • Reuters - UK Focus23 days ago

    Tullow ups 2018 output forecast, provisions for Seadrill claim

    Tullow Oil (LSE: TLW.L - news) on Thursday raised its 2018 production outlook to 86,000-92,000 barrels of oil per day from 82,000-90,000 bopd, boosted by its offshore fields in Ghana. Tullow said it is preparing for the London Commercial Court to decide on a $277 million claim brought by Seadrill (Hamburg: 2171269.HM - news) over the termination of the West Leo rig contract for force majeure in Ghana. Tullow has set aside $128 million in case it loses.

  • What You Must Know About Cairn Energy PLC’s (LON:CNE) ROE
    Simply Wall St.25 days ago

    What You Must Know About Cairn Energy PLC’s (LON:CNE) ROE

    This article is intended for those of you who are at the beginning of your investing journey and want a simplistic look at the return on Cairn Energy PLC (LON:CNE)Read More...

  • Reuterslast month

    Cairn buys into Seacrest-backed British North Sea oilfield

    Cairn Energy (CNE.L) has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst, the companies said on Thursday, amid renewed interest in North Sea assets. Oil producers are returning to the North Sea having sold many assets in the past few years, often to private equity investors, after oil prices collapsed. "There has clearly been a sentiment change in the North Sea.

  • Reuters - UK Focuslast month

    Cairn buys into Seacrest-backed British North Sea oilfield

    Cairn Energy (LSE: CNE.L - news) has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst, the companies said on Thursday, amid renewed interest in North Sea assets. Oil producers are returning to the North Sea having sold many assets in the past few years, often to private equity investors, after oil prices collapsed. "There has clearly been a sentiment change in the North Sea.

  • Reuters3 months ago

    Ex-HSBC executive sentenced to two years for foreign exchange scheme

    A former HSBC Holdings Plc (HSBA.L) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion currency trade in 2011. Mark Johnson, formerly head of HSBC's global foreign exchange cash trading desk, was sentenced by U.S. District judge Nicholas Garaufis in Brooklyn, according to John Marzulli, a spokesman for U.S. Attorney Richard Donoghue. According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary.

  • Ex-HSBC executive sentenced to two years for foreign exchange scheme
    Reuters3 months ago

    Ex-HSBC executive sentenced to two years for foreign exchange scheme

    A former HSBC Holdings Plc (HSBA.L) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion currency trade in 2011. Mark Johnson, formerly head of HSBC's global foreign exchange cash trading desk, was sentenced by U.S. District judge Nicholas Garaufis in Brooklyn, according to John Marzulli, a spokesman for U.S. Attorney Richard Donoghue. According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary.

  • Reuters - UK Focus3 months ago

    Ex-HSBC executive sentenced to two years for foreign exchange scheme

    A former HSBC Holdings Plc (Frankfurt: 923893 - news) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011. Mark Johnson, formerly head of HSBC's global foreign exchange cash trading desk, was sentenced by U.S. District judge Nicholas Garaufis in Brooklyn, according to John Marzulli, a spokesman for U.S. Attorney Richard Donoghue. According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary.

  • Ex-HSBC FX Trader Sentenced to 2 Years, Sent Directly to Prison
    Bloomberg3 months ago

    Ex-HSBC FX Trader Sentenced to 2 Years, Sent Directly to Prison

    Former HSBC Holdings Plc trader Mark Johnson, the first person to be convicted in a global crackdown on currency rigging, was sentenced to two years in prison and immediately taken into custody.

  • Ex-HSBC Currency Trader Deserves Decade in Prison, U.S. Says
    Bloomberg4 months ago

    Ex-HSBC Currency Trader Deserves Decade in Prison, U.S. Says

    U.S. prosecutors say former HSBC Holdings Plc currency trader Mark Johnson deserves a decade or more in prison based on his fraud conviction for front-running a $3.5 billion client order and lying on the ...

  • Reuters - UK Focus4 months ago

    Germany's Wintershall to submit Nova field development plan in H1 2018

    BASF's oil and gas subsidiary Wintershall, which plans to merge with Russian-owned German peer DEA, said on Wednesday: ** Expects to submit a plan for the development of its Nova field in the Norwegian ...

  • HSBC to Pay $100 Million to End U.S. Currency-Rigging Probe
    Bloomberg6 months ago

    HSBC to Pay $100 Million to End U.S. Currency-Rigging Probe

    HSBC Holdings Plc has agreed to pay about $100 million in penalties to resolve a U.S. Justice Department investigation into the rigging of currency rates, part of a probe that has already led to the conviction ...

  • Reuters - UK Focus7 months ago

    BUZZ-Premier Oil: first oil from flagship North Sea oilfield

    ** Premier Oil +3.6 pct, highest since Feb. 17 ** Co says first oil was produced from its flagship Catcher oilfield in the North Sea, BW Catcher Floating Production Storage and Offloading vessel ** BW ...

  • BP to Acquire Cairn Energy's Oil Assets Offshore Senegal
    Zacks8 months ago

    BP to Acquire Cairn Energy's Oil Assets Offshore Senegal

    BP is reportedly planning to acquire a stake in Cairn Energy's oil assets for about $600 million.

  • Reuters8 months ago

    BP seeks stake in Cairn Energy Senegal assets - sources

    SYDNEY/LONDON (Reuters) - Oil exploration company Cairn Energy (CNE.L) is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said. "We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state (of Senegal)," an adviser to Senegal's oil minister, who declined to be named, told Reuters by telephone.

  • Reuters - UK Focus8 months ago

    BP seeks stake in Cairn Energy Senegal assets - sources

    SYDNEY/LONDON, Nov 21 (Reuters) - Oil exploration company Cairn Energy is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said. "We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state (of Senegal)," an adviser to Senegal's oil minister, who declined to be named, told Reuters by telephone.

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