Barclays hikes target price for Cairn Energy after Indian arbitration award
11th Jan 2021 12:11
(Sharecast News) - Barclays reiterated its 'overweight' stance on shares of Cairn Energy after the oil explorer was awarded $1.2bn, plus interest and costs, by the Permanent Court of Arbitration in its long-running tax arbitration dispute with New Delhi.
Read moreCairn Energy wins tax dispute with Indian govt, shares surge
23rd Dec 2020 08:08
(Sharecast News) - Shares of Cairn Energy surged on Wednesday after the oil and gas exploration and development company won a long-standing tax dispute with the Indian government over backdated charges and said it will receive $1.2bn in damages, plus interest and costs.
Read moreCairn Energy to return $250m to shareholders following Senagal exit
17th Dec 2020 08:51
(Sharecast News) - Exploration and development group Cairn Energy will return $250.0m to shareholders as a result of the group selling off its Senegalese assets.
Read moreCairn Energy announces Nicoletta Giadrossi as new chair
27th Nov 2020 07:30
(Sharecast News) - Cairn Energy announced on Friday that non-executive director Nicoletta Giadrossi would be appointed chair of the company, with effect from 1 January.
Read moreCairn Energy swings to first-half loss as oil prices slide
29th Sep 2020 08:47
(Sharecast News) - Cairn Energy reported net oil production at the top-end of its full-year guidance for its first half on Tuesday, averaging 22,400 barrels of oil per day.
Read moreInternational arbitration panel rules in favour of Vodafone in Indian tax case
25th Sep 2020 14:19
(Sharecast News) - An international arbitration tribunal in The Hague has handed down a sentence in favour of Vodafone in its $2bn tax claim dispute with New Delhi.
Read moreCairn Energy confirms sale of Senegal assets to Woodside
7th Sep 2020 07:46
(Sharecast News) - Cairn Energy on Monday confirmed that it had agreed to sell its entire stake in offshore oil blocks in Senegal to Woodside.
Read moreTuesday broker round-up
28th Jul 2020 13:53
(Sharecast News) - Renishaw: Morgan Stanley downgrades to equal weight with a target price of 4,500.0p.
Read moreCairn Energy to pay special dividend after agreeing sale of Senegal assets
27th Jul 2020 08:04
(Sharecast News) - Cairn Energy said on Monday that it has agreed the sale of its Senegal assets to Lukoil for $400m in cas and announced plans for a special dividend.
Read moreCairn Energy provides update on Indian litigation
21st Jul 2020 10:18
(Sharecast News) - Exploration and development company Cairn Energy provided investors with an update on its proceedings against the Indian Government under the UK-India Bilateral Investment Treaty on Tuesday.
Read moreFriday broker round-up
3rd Jul 2020 13:15
(Sharecast News) - Next: Goldman Sachs downgrades to sell with a target price of 4,400.0p.
Read moreWednesday broker round-up
3rd Jun 2020 13:56
(Sharecast News) - Johnson Matthey: JP Morgan upgrades to buy.
Read moreCairn Energy chairman to stand down
7th May 2020 10:52
(Sharecast News) - Exploration and development firm Cairn Energy revealed on Thursday that long-standing chairman Ian Tyler would be standing down from the group.
Read moreFTSE 250 movers: Cairn Energy, Weir Group pace gains
5th May 2020 16:40
(Sharecast News) - Weir Group and Cairn Energy were among the top performers on the second-tier index on Tuesday as front month Brent crude oil climbed to its highest level in three weeks and West Texas Intermediate crude oil futures extended their recent rally with a 20% jump.
Read moreCairn Energy says Mexico well abandoned
5th May 2020 07:39
(Sharecast News) - Cairn Energy said an offshore exploration well in Mexico operated by Eni had been abandoned after failing to find any hydrocarbons.
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