JP 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 moreCapricorn Energy withdraw litigation in India tax case
6th Jan 2022 07:47
(Sharecast News) - Capricorn Energy said it had withdrawn all litigation in a tax case with the Indian government, clearing the way for a $1bn refund.
Read moreCairn Energy to seek $1.1bn tax refund from New Delhi
3rd Nov 2021 11:22
(Sharecast News) - Cairn Energy has entered into undertakings with New Delhi that could see the Indian government return roughly $1.06bn in taxes to the oil exploration outfit.
Read moreCairn Energy operating loss narrows in first half
7th Sep 2021 07:44
(Sharecast News) - Cairn Energy reported an operating loss of $47.4m in its first half on Tuesday, narrowing from a restated $89.6m year-on-year, as it talked up the proposition of a serious shareholder return, contingent on the resolution of its tax dispute in India.
Read moreCairn Energy jumps as Delhi moves to settle tax dispute
6th Aug 2021 12:19
(Sharecast News) - Shares in Cairn Energy extended their gains from the previous session after New Delhi said it would amend its tax law in a way that would allow it settle lengthy tax disputes.
Read moreBerenberg upgrades Cairn Energy to 'buy'
6th Aug 2021 10:19
(Sharecast News) - Analysts at Berenberg upgraded exploration and development firm Cairn Energy from 'hold' to 'buy' on Friday, stating "significant progress" was yet to be reflected in its current share price.
Read moreFriday broker round-up
16th Jul 2021 12:03
(Sharecast News) - Pantheon Resources: Canaccord Genuity keeps at speculative buy but hikes target price from 115.0p to 170.0p.
Read moreJefferies upgrades Tullow Oil to 'hold', restarts coverage of Cairn Energy
16th Jul 2021 10:41
(Sharecast News) - Analysts at Jefferies upgraded oil and gas exploration company Tullow Oil from 'underperform' to 'hold' on Friday following the group's successful debt refinancing.
Read moreCairn Energy gets nod to seize €20m of Indian assets - report
8th Jul 2021 12:14
(Sharecast News) - Cairn Energy has been authorised to seize more than €20m of Indian state assets in France in a long running tax dispute, according to a report.
Read moreWednesday broker round-up
30th Jun 2021 13:44
(Sharecast News) - Workspace: RBC Capital Markets upgrades to outperform with a target price of 1,050p.
Read moreBerenberg downgrades Cairn Energy to 'hold', cites 'continued uncertainty' around award payment
30th Jun 2021 09:00
(Sharecast News) - Analysts at Berenberg downgraded exploration and production firm Cairn Energy from 'buy' to 'hold' on Wednesday, stating more clarity on the award payment related to its arbitration with the Indian tax authorities was needed.
Read moreCairn Energy confirms India to appeal ruling in $1.2bn tax case
30th Mar 2021 07:51
(Sharecast News) - India has appealed against an order by an international tribunal to pay $1.2bn damages to Cairn Energy in a long-running tax dispute, the company said on Tuesday.
Read moreMonday broker round-up
29th Mar 2021 13:16
(Sharecast News) - Taylor Wimpey: JP Morgan upgrades to overweight with a target price of 220p.
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