You are here

Prices & Quotes - UK Markets - Cairn Energy (CNE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 164.00p
Change Today:
0.70p
Market Cap:
966.87m
Sector:
Oil & Gas Producers

Cairn Energy to pay special dividend after agreeing sale of Senegal assets

By Michele Maatouk

Date: Monday 27 Jul 2020

LONDON (ShareCast) - (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.
The company has agreed to sell its entire 40% interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore ( RSSD) Contract Area, including the Sangomar development, offshore Senegal. Following completion of the sale, it plans to return at least $250m to shareholders.

Cairn said the deal is consistent with its "disciplined approach" to portfolio management and capital allocation and long-term strategy to return capital to shareholders. It also said the sale will enhance its financial flexibility to sustain and grow a "balanced and robust portfolio" during current challenging and uncertain oil market conditions.

Chief executive Simon Thomson said: "With a strong balance sheet, low breakeven production and limited capital commitments, Cairn will have enhanced financial flexibility to invest in and grow the business whilst always remaining committed to returning excess cash to shareholders."

At 0813 BST, the shares were up 5.9% at 131.80p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Cairn Energy Market Data

Currency UK Pounds
Price 164.00p
Change Today 0.70p
52 Week High 207.80p
52 Week Low 60.70p
Volume 337,102
Shares Issued 589.55m
Market Cap 966.87m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Income
Not Available
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 2
Sell 0
Strong Sell 1
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Cairn Energy Dividends

No dividends found

Trades for 26-Nov-2020

Time Volume / Share Price
14:40 121 @ 164.00p
14:40 579 @ 164.00p
14:40 536 @ 164.00p
14:40 1,193 @ 164.10p
14:40 81 @ 164.20p

Cairn Energy Key Personnel

CEO Simon Thomson
CFO James Smith