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Cairn Energy PLC

CNE.L

Latest Trade

165.60GBp

Change

-3.20(-1.90%)

Volume

754,721

Today's Range

164.10

 - 

173.20

52 Week Range

117.53

 - 

283.64

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
168.80
Open
173.20
Volume
754,721
3M AVG Volume
23.97
Today's High
173.20
Today's Low
164.10
52 Week High
283.64
52 Week Low
117.53
Shares Out (MIL)
499.27
Market Cap (MIL)
842.76
Forward P/E
-94.51
Dividend (Yield %)
--

Next Event

Half Year 2021 Cairn Energy PLC Earnings Release

Latest Developments

More

Cairn Energy Gets Notice On India Govt Petitioning Dutch Court Of Appeal To Set Aside Arbitration Award

Cairn CEO: no set timeline for talks with India on arbitration

Cairn Energy Announces Sale Of Interests In Catcher And Kraken Fields

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About Cairn Energy PLC

Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company's portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea. The Company has interests in over two the United Kingdom North Sea developments, Catcher and Kraken, and a third development, Skarfjell. Cairn holds approximately 40% interest in over three contiguous blocks offshore Senegal. The Company's subsidiaries include Capricorn Oil Limited, Cairn UK Holdings Limited, Capricorn Spain Limited, Capricorn Malta Limited, Capricorn Greenland Exploration A/S, Capricorn Exploration and Development Company Limited, Capricorn Mauritania Limited, Capricorn Senegal Limited and Capricorn Ireland Limited.

Industry

Oil & Gas Operations

Contact Info

50 Lothian Road

EDINBURGH, TX

EH3 9BY

United Kingdom

+44.131.4753000

https://www.cairnenergy.com/

Executive Leadership

Nicoletta Giadrossi

Independent Non-Executive Chairman of the Board

Simon John Thomson

Chief Executive, Executive Director

James Smith

Chief Financial Officer, Executive Director

Anne McSherry

Group Company Secretary

Erik B. Daugbjerg

Independent Non-Executive Director

Key Stats

2.50 mean rating - 12 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2018

0.4K

2019

0.5K

2020

0.4K

2021(E)

0.3K
EPS (USD)

2018

0.201

2019

0.106

2020

-0.200

2021(E)

-0.025
Price To Earnings (TTM)
--
Price To Sales (TTM)
3.00
Price To Book (MRQ)
1.05
Price To Cash Flow (TTM)
11.21
Total Debt To Equity (MRQ)
21.32
LT Debt To Equity (MRQ)
17.48
Return on Investment (TTM)
-7.02
Return on Equity (TTM)
-6.31

Latest News

Latest News

Cairn Energy sues Air India to enforce $1.2 billion arbitration award - court filing

Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.

RPT-UPDATE 1-Cairn Energy sues Air India to enforce $1.2 bln arbitration award - court filing

Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.

Cairn Energy sues Air India to enforce $1.2 bln arbitration award - court filing

Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.

Exclusive: India asks state banks to withdraw cash held abroad over Cairn dispute, sources say

India has asked state-run banks to withdraw funds from their foreign currency accounts abroad, two government officials and a banker said, as New Delhi fears Cairn Energy may try to seize the cash after an arbitration ruling in a tax dispute.

Breakingviews - Capital Calls - Cairn is short on polite fixes for India woes

THE WELL IS DRY. Cairn Energy’s years-long tax fight against India is two steps forward and one step back. New Delhi is petitioning the Dutch Court of Appeal to set aside an arbitration award made in the British company’s favour. Prime Minister Narendra Modi’s government...

India files appeal in $1.2 billion Cairn arbitration case - sources

India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters.

UPDATE 2-Cairn Energy shifts to onshore Egypt from N. Sea in output boost

* Cairn sells stakes in UK fields Kraken, Catcher for $460 mln

UK's Cairn Energy to sell interests in North Sea oil fields

Cairn Energy has agreed to sell its interests in the UK Catcher and Kraken oil fields in the North Sea to Waldorf Production Ltd for $460 million in cash, the company said on Tuesday.

Shell to sell Egypt onshore assets for up to $926 million

Shell Egypt <RDSa.L> has entered into an agreement to sell upstream assets in Egypt's Western Desert to Cheiron Petroleum Corporation and Cairn Energy Plc for up to $926 million, the company said on Tuesday.

India to appeal against arbitration decision questioning authority to tax

India's finance minister on Friday said New Delhi will appeal against the arbitration decision questioning the authority of the country to levy tax, when asked about a retrospective decision on Cairn Energy Plc.

Britain's Cairn hopeful of solution in $1.2 billion-plus Indian government tax tussle

Cairn Energy Plc said on Sunday it had discussed multiple proposals with Indian government officials in recent days in an attempt to find a "swift solution" to a long drawn-out tax dispute with the South Asian nation.

Britain's Cairn files case in U.S. to push India to pay $1.2 billion award

Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues.

India government may give Cairn Energy oil field in lieu of arbitration award - report

The Indian government may give Cairn Energy a surrendered oil field such as the Ratna R-Series in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint.

Exclusive: Cairn Energy threatens to enforce arbitration award against Indian assets overseas

Cairn Energy has begun to take steps to identify Indian assets overseas against which it can enforce the $1.2 billion award it won last month in a treaty arbitration case against the South Asian nation, according to a letter seen by Reuters.

RPT-UPDATE 3-Cairn Energy wins over $1.2 billion from India in tax arbitration case

Cairn Energy said on Wednesday it had won an international arbitration case against the Indian government over a tax dispute that had caused concern among investors over retrospective tax claims on companies.

Cairn Energy wins over $1.2 billion from India in tax arbitration case

Cairn Energy said on Wednesday it had won an international arbitration case against the Indian government over a tax dispute that had caused concern among investors over retrospective tax claims on companies.

UPDATE 3-Cairn Energy wins over $1.2 billion from India in tax arbitration case

Cairn Energy said on Wednesday it had won an international arbitration case against the Indian government over a tax dispute that had caused concern among investors over retrospective tax claims on companies.

Cairn Energy to pay special dividend after $400 million Senegal interests sale

Oil and gas producer Cairn Energy <CNE.L> said on Monday it will sell its Senegal interests to Russia's LUKOIL <LKOH.MM> for up to $400 million and intends to return at least $250 million as a special dividend after sale completion, sending its shares up 5%.

Cairn Energy to pay special dividend after $400 mln Senegal interests sale

Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia's LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after the completion of the sale.

UPDATE 1-FAR says it is in default over Senegal Sangomar project

Australian-listed oil and gas company FAR Ltd said on Wednesday its Senegalese unit had defaulted on its obligations to the Sangomar joint venture, as the company looked to sell its interest in the project.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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