Ripley94
07 Sep 2015
Re: Bernstein maint 340p tgt In today .
Ripley94
19 Aug 2015
Re: Bernstein maint 340p tgt Brokers are they just punting like everyone else ?
nk1999
24 Jul 2015
SocGen From DVFN:"Cairn Energy got a boost on Friday after Societe Generale upgraded the stock to 'hold' from 'sell' and raised the price target to 180p from 165p, saying the risk/reward has improved.The bank said it was taking a more neutral view based on Senegal exposure.In a world of lower commodity prices and capex cuts, investors should reassess whether to attach tangible value to pre-development assets within E&P portfolios, the bank said.It added that this is especially true at a time when both industry and investor enthusiasm for exploration opportunities are at their lowest ebb in the E&P cycle."For Cairn, this meant revisiting our previous negative view on its prospective acreage in Senegal ahead of this year's appraisal drilling programme," said SocGen.It said the market remains wary of de-risking a commercial find on the Senegal discovery well too early following Tullow's Zaedyus discovery well in 2011, which was later deemed to be sub-commercial."As such, we expect investors to maintain a healthy degree of scepticism ahead of a two well appraisal drilling programmes commencing in the fourth-quarter on the SNE-1 shelf discovery in Senegal."SocGen said the main upside to the Cairn Energy story remains the resolution of its Indian tax issue, but the bank noted that it has long taken a more cautious approach than the consensus on the timeline for any resolution."
forwardloop
15 Jul 2015
Re: Bernstein maint 340p tgt DittoCairn Energy FTSE 100 Energy Market Perform 340 167.4 103.1% BernsteinTullow Oil FTSE 100 Energy Outperform 700 286.3 144.5% BernsteinPremier Oil FTSE 250 Energy Outperform 370 144.8 155.5% BernsteinInternational Ferro Metals Ltd FTSE SMALLCAP Basic Materials Buy 20 2.5 700.0% Numis Securities Ltd
forwardloop
22 Jun 2015
Bernstein maint 340p tgt Cairn Energy FTSE 100 Energy Market Perform 340p 175.7 93.5% BernsteinGlencore FTSE 100 Basic Materials Outperform 447.72 272.4 64.4% Bernstein
nk1999
11 Jun 2015
Citi From ADVFN:"Citigroup upgraded Cairn Energy to 'buy' from 'neutral' and raised the price target to 250p from 207p.It said the company's resource potential offshore Senegal is under-appreciated, while the stock's valuation looks attractive. "We believe Cairn's emerging resource position offshore Senegal can be developed at break-even economics of less than $40 a barrel," said Citi.In addition, it said the shares discount little value for Cairn's remaining 9.8% stake in Cairn India, which could be a source of further upside if it wins its international arbitration case."The new S$575m debt facility and sale of a 10% stake in the Catcher project provides Cairn with sufficient liquidity to fund its share of ongoing UK developments (Catcher and Kraken) and planned 2-year Senegal drilling programme," noted Citi.Based on the bank's conservative start-up assumption of 3Q 2017 for both the Kraken and Catcher projects, it forecasts Cairn with cash of $103m at the end of 2017."Current SP 185.1p.nk
Franconia
03 Jun 2015
Bid Target? Thanks to IIATG:[link] candidates to trade with "value M&A" premium parameters are tough to find, so look for stocks with either 2C resources about to convert into 2P, or stocks with early stage material discoveries which can grow in value through successful appraisal, such as Cairn (CNE)."
forwardloop
21 May 2015
RBC maint 220p tgt Cable & Wireless Communication FTSE 250 Communications Buy 87 66.15 31.5% JefferiesCairn Energy FTSE 100 Energy Sector Perform 220 172.2 27.8% RBC Capital Marke
ARENA007
17 May 2015
India tax issue... "On tax, the finance minister said “in the next few days” he would announce the scope of a committee designed to defuse a $6bn tax row with global investors and tackle other “legacy” problems over retrospective tax demands that had dented the country’s reputation."Hope that will help to solve the issue..
II Editor
01 Apr 2015
NEW ARTICLE: Cairn Energy is a "buy" "Shares in LSE:CNE:Cairn Energy have plunged by a fifth since the Indian Income Tax Department made a $1.6 billion tax claim against the oil company three weeks ago. But UBS now thinks the India issue has been priced-out and that a follow-on ..."[link]
II Editor
19 Mar 2015
NEW ARTICLE: Trends and Targets for 20/03/2015 "A full Friday Futures Freebie is below as none of the potentials are redacted. Hopefully it's a better day than Thursday! CAIRN ENERGYÂ (LSE:CNE) Â completes our oily week. Similar to many other shares, it experienced a few days in the sun ..."[link]
Bubsy the cat
12 Mar 2015
From Malcy's Blog - 12 March Cairn EnergyThe market got the news late yesterday that India had landed a $1.6bn fine on Cairn after a long period of discussion regarding their tax affairs. Unfortunately I couldnt get on the 5.30 conference call but I imagine that it was fairly predictable, albeit more than irritating. I have to admit that I have called this one wrong, not on the fantastic Senegal play and its potential massive impact for Cairn but in under-estimating the impact of the attitude of the Indian Government for which I am mighty hacked off. In my defence I didn’t see India acting like a tin-pot dictatorship in a 1970’s African state but clearly they have decided to forgo any further inbound investment in oil and gas or any other industry, and there were we thinking that Modi was going to change the world – he certainly has done that.As a result of this Cairn are clearly not able to sell any more of its Cairn India stake which slightly takes away its capital strength which was one of my cornerstones, but all is not lost and provided the company does not buckle the value will out in the end. Still very much on the bucket list…
Ripley94
11 Mar 2015
Re: Shells tax win in India getting there.
Flashboy
11 Mar 2015
CEO buys CEO buying today looks a positive for me. Bad news well in this price and any recents finds being upgraded and this tax issue resolved once and for all could make this a good entry point today.
LK Hyman
11 Mar 2015
Re: Shells tax win in India Lambo,"target 112"Not quite "BANG ON" material (not yet anyway), but you've got the direction of travel right and for that you get a much sough after bluey fromLKH on the flybridge
