Cairn Energy shares advance on Senegal appraisal success
The well results as “significant” by Cairn CEO Simon Thomson who says they demonstrate that the reservoirs are able to flow at commercially viable levels.
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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Investments and investor services
Markets: Oil stocks push FTSE100 lower
The FTSE100 ended the day almost 15 points lower to 6,223.
Markets: InternetQ hits back at online blog post
The FTSE100 was around 30 points higher at 6,267 with aerospace engine maker Rolls Royce leading the way.
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Markets rise despite downbeat UK manufacturing news
The Footsie rose 30.9 points to 6269.19 while mainland European markets also gained
Proactive weekly oil highlights including MX Oil, Range Resources, UKOG and more
88 Energy, Cairn Energy and Lekoil also had news out this week
Investments and investor services
Proactive news highlights: Tissue Regenix, ReNeuron, DiamondCorp, Cairn Energy and more
Stratmin Global, Tertiary Minerals and Fastjet also had news out on Friday
China New Energy surges 11% after it signs outline deal for two new biorefineries
It will be working with Sunbird Bioenergy, a specialist in the field.
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FTSE100 ends lower on geopolitical conerns
The shooting-down of a Russian jet by Turkey unsettled traders
Downing of Russian jet shakes London shares
The FTSE 100 Index dropped 79.95 points to 6225 at lunchtime
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Airlines lose height as higher oil prices and terror fears weigh
Concern about higher fuel costs hit shares in airlines
FTSE100 tipped to start lower
UK shares are tipped to start lower on Tuesday as trader sentiment is dented by commodity price falls and losses in the US overnight...
Investments and investor services
London palm oil stocks are under-priced, broker says
MP Evans, DekelOil, Tullow, Cairn, EnQuest, SOCO, Standard Chartered, and Marks & Spencer are in Thursday’s broker spotlight
Archive
Broker spotlight: Oil groups slashed by Deutsche Bank as crunch looms
Deutsche Bank leads the way with a swathe of price target reductions across the mid-cap oil explorers and producers.
Commodity price drop is changing face of stock market
Property and investment stocks are replacing miners and oilers in Footsie
Investments and investor services
FTSE 100 ends lower as commodity prices fall
The FTSE 100 ended 24 points down to 6,526 today as miners and oil stocks weighed.
FTSE 100 drops as markets follow China lower
Chinese shares started on a cautious tone before aggressive sellers appeared in the afternoon.
Risers & Fallers: Egdon Resources, DekelOil, Mears Group, IGAS Energy, Lonmin, MX Oil
Below are the main news driven share price movements at 4.30pm.
Cairn to get cracking in Senegal in the fourth quarter
The oil price does have some bearing on large explorers such as Cairn – evidenced by the fact the shares have fallen 14% in the past year; however, they are really made or broken by their ability to find oil
Tuesday's agenda: Housebuilders, oil and inflation take centre stage
Corporate news on Tuesday is likely to again focus on housebuilders with Persimmon reporting while oil will be in the news with Cairn Energy also releasing interims.
Investments and investor services
Week Ahead: Cairn Energy second half could be transformational
Deutsche Bank said the timing and drilling locations for three wells in Senegal could be unveiled. While they are in deep waters off the coast of west Africa, they aren’t technically challenging.
BROKER SPOTLIGHT: Cairn drill plans excite Deutsche Bank
One piece of research, from the top-ranked oil team at Deutsche Bank, did catch the eye.
Investments and investor services
Top flight shares pare gains on lower oil prices and UK retail sales
Falling oil stocks weigh on markets as crude prices drop
Alton Towers crash a factor in a ‘muted’ summer for Merlin
Merlin Entertainment, ASOS, Cable & Wireless, Cairn and Premier Oil are all in the broker spotlight
Europa’s Mackay says there’s never been a better time to drill Irish wells
A deep-water well in Ireland’s Atlantic margin could be a ‘bargain’ at just US$60mln
Archive
Broker spotlight - Diageo, Cairn Energy British American Tobaco, easyJet, Orosur...
German bank Berenberg has puffed up its target price on British American Tobacco (LON:BATS) to 4,000p from 3,850p and repeated a 'buy'.
Broker spotlight - Diageo, Cairn Energy, British American Tobacco, easyJet, Orosur...
Moody's, the ratings agency, reckons Tesco must raise £5bn in fresh capital to shore up finances
FTSE 100 flat; Sainsbury's leads the risers on the index
In the UK, the FTSE 100 eked out a 2 point gain to 6,755
Investments and investor services
FTSE flat in early trading as investors await Osborne speech
George Osborne’s annual Mansion House speech will command much of the attention today.
Investments and investor services
Risers & Fallers: West African Minerals, Redx Pharma, Ensor, Image Scan, Intercede, Scancell
It was a bad day for companies with the word 'scan' in their name.
Investments and investor services
UPDATE - FTSE 100 drops 50 points by mid morning on Greece fears
Wolseley led the risers after a positive set of third quarter results while British American Tobacco fell furthest as details of its lawsuit in Canada emerge.
Investments and investor services
Risers & Fallers: PeerTV, Roxi Petroleum, Global Brands, Circle Oil, Camco Clean Energy, Cap-XX
Bid spec is fuelling the rise in chip designer Imagination Technologies.
Investor spotlight shines on Morocco ahead of busy drill campaign
Cairn Energy’s signing of a rig contract today is another signal of the growing momentum in this emerging oil frontier.