Jefferies downgrades ratings for Tullow Oil and EnQuest
4th Jan 2024 11:02
(Sharecast News) - Jefferies has downgraded its ratings for UK-listed oil and gas peers Tullow Oil, EnQuest, Capricorn Energy and Pharos Energy as part of its review of the sector on Thursday.
Read moreLondon close: Stocks maintain gains amid post-Christmas rally
27th Dec 2023 14:25
(Sharecast News) - London's stock markets closed in positive territory on Wednesday, buoyed by a global surge in stock prices as the S&P 500 neared an all-time high on Wall Street.
Read moreCapricorn FPSO leaves Singspore after sale to Woodside
27th Dec 2023 14:00
(Sharecast News) - Capricorn Energy updated the market on Wednesday, after Woodside Petroleum announced the departure of the floating production, storage and offloading (FPSO) vessel from Singapore for the Sangomar field development, offshore Senegal.
Read moreCapricorn Energy full-year production to miss current forecasts
1st Dec 2023 08:43
(Sharecast News) - Capricorn Energy said in a trading update on Friday that at the end of October, its working interest production across the four main concession areas in the Western Desert had averaged 30,600 barrels of oil equivalent per day (boepd), with oil accounting for 45% of total production for the year.
Read moreCapricorn Energy upbeat on strategic progress with new board
26th Jun 2023 08:37
(Sharecast News) - Capricorn Energy updated the market on its strategic review on Monday, with a focus on cost reduction, the refocusing of operations in Egypt, and returning excess funds to shareholders.
Read moreCapricorn Energy shares slump despite $575m payout pledge
27th Apr 2023 08:25
(Sharecast News) - Troubled oil and gas producer Capricorn Energy is planning to give shareholders $575m in payouts after a failed merger, boardroom clearout and radical cut in operations.
Read moreCapricorn Energy FY production comes in at lower end of revised guidance
27th Feb 2023 08:10
(Sharecast News) - Exploration and development firm Capricorn Energy said on Monday that full-year overall production had come in lower than original guidance but within its revised range of 33,000-36,000 barrels of oil per day.
Read moreCapricorn Energy to hold GM as Palliser looks to oust directors
9th Jan 2023 08:39
(Sharecast News) - Upstream energy company Capricorn Energy has convened a general meeting at the request of investor Palliser Capital Master Fund in order to discuss the potential removal of multiple board members.
Read moreLegal & General calls for removal of Capricorn Energy board
20th Dec 2022 11:52
(Sharecast News) - Asset manager Legal & General has called for Capricorn Energy's board to be given the boot, joining a growing revolt among key shareholders in the exploration and production firm.
Read moreBerenberg slightly raises target price on Capricorn Energy
30th Sep 2022 09:20
(Sharecast News) - Analysts at Berenberg raised their target price on exploration and development company Capricorn Energy from 225.0p to 250.0p on Friday after the group announced a proposed merger with NewMed Energy.
Read moreTullow Oil maintains guidance after solid first half
13th Jul 2022 08:11
(Sharecast News) - Tullow Oil reported a solid first half on Wednesday, leaving it on track to make $200m in free cash flow this year.
Read moreLGIM expresses doubts over Tullow/Capricorn merger
13th Jun 2022 09:47
(Sharecast News) - UK asset manager Legal & General Investment Management made a rare public intervention and come out against a planned merger between Tullow Oil and Capricorn Energy.
Read moreJP Morgan upbeat on outlook for oil field services and exploration outfits
23rd May 2022 15:57
(Sharecast News) - Analysts at JP Morgan sounded an upbeat note for European Union oil field services as well as oil and exploration names.
Read moreCapricorn Energy swings to profit, sees shareholder returns in Q2
8th Mar 2022 08:08
(Sharecast News) - Capricorn Energy swung to an annual profit, boosted by the resolution of its tax dispute with the Indian government and said it hoped to return the refund to shareholders in the second quarter.
Read moreCapricorn Energy to return $700m to shareholders, production growth beats expectations
25th Jan 2022 07:08
(Sharecast News) - Exploration and production firm Capricorn Energy said on Tuesday that it will return approximately $700.0m to shareholders as production growth at its newly acquired Western Desert Assets in Egypt beat expectations.
Read more