TP ICAP downed by Macquarie, but Exane BNP gives Man Group a lift
A look at some of the top risers and fallers in London in afternoon trading
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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Union Jack Oil doubles stake in Keddington in deal to acquire Cairn’s onshore UK assets
"The opportunity for Union Jack to acquire Cairn Energy`s UK onshore hydrocarbon portfolio which comprise assets we hold in high regard, at nominal cost is an excellent result”
FTSE 100 closes in negative territory as pound strengthens
The FTSE 100 index closed 14.98 down at 7,507, above the day’s low of 7,496.14, and well below the opening high of 7,523.65
FTSE 100 closes lower at 7,301 as pound eases against US dollar
FTSE 100 closed 9.35 lower at 7,301 and the FTSE 250 added over 49 points at 19,566
Cairn Energy shares on back foot as final India hearing slides to August 2018
Cairn said arbitration proceedings are well advanced and a timetable for document production, submissions and hearings has been finalised for the process.
Cairn Energy in the middle of a “massive year” - broker
Chief executive Simon Thomson highlighted the group’s strong balance sheet and imminent cashflows.
FTSE 100 rises sharply despite Provident Financial nightmare
The FTSE 100 rose 63 points to 7,382 and the pound has slipped amid Brexit fears
Archive
Big miners to dominate day ahead, with BHP Billiton and Antofagasta to post results
Aside from the two mining blue chips, FTSE 100-listed housebuilder Persimmon PLC will also report its first half results on Tuesday
Archive
Final trading week of August, but some big news still to come from Persimmon PLC, BHP Billiton PLC, and Antofagasta PLC
Week ahead includes first half results from Persimmon PLC, Antofagasta PLC, Cairn Energy PLC, Premier Oil PLC, WPP PLC; full year numbers from BHP Billiton PLC
Archive
Proactive Weekly Oil & Gas Round-up: Trinity Exploration & Production, Range Resources, UK Oil & Gas Investments ...
A look at the world of small cap oil and gas news this week
Cairn Energy extends success offshore Senegal as five-well programme completes
Cairn encountered some 24 metres of gross hydrocarbons, across three intervals
Cairn Energy reveals another Senegal well success in deep water
"FAN South is our tenth well in Senegal in the last three years and our second well to encounter oil in the deep portion of the basin"
Tullow Oil and Cairn Energy still seen as ‘buys’ at Deutsche Bank
Tullow and Cairn are both 'buys' whereas Genel Energy is seen as a 'sell'.
EnQuest has delivered Kraken heavy oil field ‘considerably under budget’
The North Sea oil firm has delivered the Kraken oil field, a US$2.5bn project that’s expected to produce up to 50,000 barrels of oil per day and some 1,000 oil jobs.
Royal Dutch Shell, BP downgraded as leading broker turns bearish on the oil price
Aussie broker Macquarie sees Brent averaging just over US$54 in the second-half, then US$49.33 and US$52.75 a barrel for 2018 and ’19 respectively
Cairn Energy India dividend claim moves to The Hague as co seeks US$1bn of damages
Final hearings for the tribunal are scheduled for January
Investments and investor services
FTSE 100 ends higher on day Brexit negotiations begin
The FTSE 100 closed 60 points up at 7,523 as the government begins Brexit negotiations.
Europa Oil & Gas raises additional £1.3mln as it advances projects in UK and Ireland
Institutional and retail investors have gained exposure to an industry-leading licence position in Ireland's 'emerging exploration hotspot', says chief executive Hugh Mackay.
Cantor Fitzgerald thinks today’s major commercial deals for Providence Resources a “significant step forward”
Cantor analyst analyst Sam Wahab reiterated a ‘buy’ rating and 33p target price on Providence Resources shares, which were 7.5%, or 1.12p higher at 16.12p late morning
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Proactive weekly oil news- UK Oil & Gas Investments PLC, COPL and more
A look at the week's significant small cap oil and gas news
Providence Resources rejuvenated as Ireland returns to favour as oil destination
“We are about to drill the biggest well ever drilled offshore Ireland"
Cairn Energy tops FTSE 250 risers after MacQuarie rating upgrade
In a note to clients, MacQuarie’s analysts raised their stance for Cairn to ‘outperform’ from ‘neutral’ after hiking their target price to 270p from 246p previously
Cairn Energy marks latest SNE well success offshore Senegal
"This is our ninth successful well in Senegal in three years," said chief executive Simon Thomson.
Archive
Proactive weekly oil news: Aminex, Solo Oil, Sound Energy ...
A look back at the week’s highlighted news for junior oilers
Archive
Proactive news round-up: Mariana Resources, KEFI Minerals, Windar Photonics …
A glance at some of the stories on the Proactive newswire today
Europa Oil & Gas cleared to complete Irish deal with Cairn Energy
Cairn takes over as operator of LO 16/19, which spans 976 square kilometres on the Western flank of the South Porcupine Basin, offshore Ireland.
Europa Oil & Gas set for summer seismic offshore Ireland
The 'multi-client' Crean 3D seismic adds to a potentially high impact summer exploration campaign in the waters off Ireland's west coast.
Cairn Energy marks sixth successful well for SNE discovery offshore Senegal
VR-1 is located some 5 kilometres away from the prior SNE wells, so it is considered to be a significant step-out.
Farm-out focus: Mixed news flow on Ireland and UK, but 2017 looks to be an exciting year for Europa Oil & Gas
Europa’s CEO, Hugh Mackay said: “The remainder of 2017 will see Europa participate in high impact development and exploration projects for which our share of the costs is now funded”
Providence Resources expects imminent new seismic programme offshore Ireland
The idea is to find out more about the Dunquin South prospect's potential and find out more about the geology pertaining to 2013 Dunquin North result.
'Balanced' Cairn Energy upgraded by RBC
Rating now outperform while new price target points to 30% upside
Archive
Proactive weekly oil news – Independent Resources, Sound Energy, Aminex, Solo Oil…
A look back at the week’s highlighted news for junior oilers
Providence Resources and Europa shares lifted by Cairn Energy farm-outs
Europa shares shot up 25.9% to 5.98p, while Providence shares climbed 7.3% to 16.36p.
Restaurant Group back on menu on signs of stability
Some of the top rises and falls in London at 3.30pm: Restaurant Group, Inmarsat, Graphene Nanochem
Europa Oil & Gas boosted by Cairn Energy farm-out, looks for more tie-ups offshore Ireland
“We are delighted to have secured a farm-in partner of the proven calibre of Cairn, and also to accelerate exploration on the licence through the acquisition of 3D seismic this summer," said Hugh Mackay, Europa chief executive.
Cairn Energy deals into exploration projects offshore Ireland
Cairn will partner Providence Resources in an exploration well offshore Ireland this summer and will lead a 3D seismic programme alongside Europa Oil & Gas.
Archive
G4S to benefit from Trump's military spending plans as it reports full year earnings
US President Donald Trump's plans to increase defence spending may lend support to G4S while The Restaurant Group's new chief executive has plenty of work ahead after its struggles
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Limited wiggle in the Budget for Hammond
The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
Hurricane Energy one of the few ‘buys’ left in oil sector - Macquarie
“Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.
Cairn Energy set for value upside but the market offer no shortcuts - Deutsche
Drilling starts on the first well in the next programme, SNE-5, in late January and drilling on the SNE-6 will follow on after that.
Cairn Energy set for an eventful year of drilling in Senegal
“We will shortly embark on further exploration and appraisal drilling in Senegal," says chief executive Simon Thomson.
Archive
Mayday! Mayday! Prime minister to lay out plans for Brexit
How hard would you like your Brexit? The PM should give some clues in her speech today.
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Week Ahead: Christmas hangover lingers for retailers
Among the big retail names reporting are Burberry, Halfords and Pets at Home.
Cairn Energy a ‘top pick’ as Jefferies looks at oil sector outliers
Analyst Mark Wilson says that exploration success or failure is one of the main factors that see stocks deviate from the commodity price trend.
Archive
Proactive Oil & Gas Highlights: Gulf Keystone, Shell, Cairn Energy, Premier Oil, Hurricane Energy, Jersey Oil & Gas, LGO Energy
The first week back brought little in the way of news but there was plenty of analyst coverage across the sector.
Hurricane Energy and EnQuest are London’s standout E&Ps - Macquarie
Hurricane is coming off a very successful 2016, but hopes are high for 2017 as well.
Tullow Oil shares drop as Numis cuts its rating to sell on valuation grounds
Numis said: “Tullow remains (one of) the market’s preferred ways to play the oil price, however, after recent strong performance we believe the shares have run ahead of themselves”
FTSE 100 shares end firm but nearly wipe out gains post-OPEC deal
FTSE 100 shares almost wiped out their gains on Wednesday after an “on paper” deal was struck by OPEC members to cut oil supply by 1.2mln barrels a day
Tullow Oil needs to unlock value in Kenya with a farm-out - broker
Tullow's partner banked nearly half a billion from a farm-out earlier this year, and Numis says a similar deal could help Tullow fix its balance sheet.
Trending: Inflation genie pops his nose above the bottle top
The Four Yorkshiremen of the Apocalypse; I'm Backing Britain; Brucie; the Gnomes of Zurich; Britons to turn their back on European booze ... and other unlikely stories
Hurricane Energy oil strike fuels hope of North Sea renaissance
Hurricane find highlights potential for smaller North Sea oilers
Archive
Brokers: Agreed bid for William Hill is a rank outsider
William Hill is "in play" but probably out of the price range of its current suitors. Also covered: Antofagasta, BHP, Cairn, Shanta Gold
Cairn Energy looks forward to new lower cost drilling offshore Senegal
After adding nearly 500mln barrels to its contingent resource base offshore Senegal in the first half the oil firm has reason to be optimistic going into the next phase of drilling.
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact
Cairn Energy shares rise as UBS upgrade highlights catalysts
UBS upgraded Cairn to ‘buy’ and a 220p price target suggests some 12% upside to Friday's higher share price of 196p.
Trending - RBS and the delay on passing on rate cut
UK taxpayer funded banks have so far reportedly refused to pass the rate cut on
Archive
Proactive oil highlights: Active Energy, Cairn Energy, Gulfsands, KrisEnergy, SoloOil and more...
Round up of this week's oil news from the world of Proactive.
EnQuest in talks to release 20% of the Kraken
If concluded, the deal will reduce EnQuest’s capital requirements to get Kraken up and running.
Archive
Brokers: Time for pause for breath at Cairn, RBC says
Cairn and Wolseley both get downgraded, but things are looking up for Indivior, Aminex and Solo Oil.
FTSE 100 and AIM under pressure on China, Brexit fears
The top flight dropped 65 points to 6,165 and in small-cap land the FTSE AIM 100 eased 0.5% to 3,470.
Investments and investor services
FTSE 100 Index falls as poll shows switch to Leave
The top flight dropped 39.92 points to 6190.87 after an ICM phone poll showed Leave taking the lead
Archive
Proactive oil highlights: 88 Energy, Falcon Oil & Gas, Gulf Keystone, Infrastrata, Rockhopper and more...
The weekly round up of oil industry news from Proactive.
Cairn Energy delighted with latest appraisal well
The operations have been safely and successfully completed following drilling, coring and logging.
Preview - ITV and Cairn Energy among those reporting
Thursday sees Cairn Energy and ITV reporting among others
Week Ahead: Summit Therapeutics to reflect on year of unrelenting progress
News flow for the drugs developer has been nothing but positive this year
North Sea oil companies looking slicker as crude price rises - broker
Oil price recovery has allayed short-term balance sheet concerns, says Barclays
FTSE 100 hits new high for 2016 after late surge
The Footsie put on a late spurt to finish in the blue, as US stocks roused themselves after a sluggish start.
London shares fall as Kuwaiti oil workers end strike
Shares dropped as crude prices fell, but Stagecoach provided interest
Osborne tax cuts change little for North Sea oilers
Premier Oil and Cairn are developing the Catcher field and Ithaca’s Stella field is forecast to start producing later this year.
Archive
Berenberg fizzes up price target on Fevertree Drinks plc
German bank Berenberg is all fizzed up about tonic water and mixer firm Fevertree and has upgraded the target price...
Advanced Medical Solutions Group PLC gets shot in arm from Numis Securities
Broker upgraded wound care specialist to 'add' from 'hold'
Investments and investor services
G4S Plc and Restaurant Group Plc downgraded by brokers
G4S Plc, Restaurant Group, Firestone Diamonds, Gem Diamonds and Genel Energy, Cairn Energy, Pridential, and Whitbread are all in Thursday’s broker spotlight.
Archive
Investors waiting on Draghi
It was a day to take the bus with Proxama and get off the Tandem
Oil market shows signs of hope on potential output freeze
The oil market was showing signs of hope on Wednesday as Brent crude futures lifted over US$40 a barrel....
Proxama provides cheer as small-cap stocks drift
The FTSE 100 Index put on 44 points to 6169 but the AIM 100 was just 1.5 points to the good at 3272
Cairn Energy PLC "delighted" at Senegal well flow rates
Shares in closely followed Cairn Energy PLC rose almost 9% as it said it was "delighted" with flow rates from the latest appraisal well off the coast of Senegal.
Risers & Fallers, including Cairn Energy PLC, Metal Tiger PLC, UK Oil & Gas PLC ...
Here are some significant movers at around 2.00pm midweek....
Archive
Burberry now fashionable in broker’s eyes
Burberry, Cineworld, Goals Soccer, Restaurant Group, Premier Oil, Anglo America, Antofagasta, Griffin Mining and EnQuest are all in Friday's broker spotlight.
Investments and investor services
EnQuest and Cairn boosted by a Kraken deal, broker says
EnQuest, Cairn Energy, Helical Bar, Capital & Counties, and WS Atkins are in Tuesday's broker spotlight.
Archive
Proactive news summary: Minds + Machines, Red Rock Resources, Motive TV and more...
Resources miner Regency Mines (LON:RGM) is back in the Horse Hill oil project...
Investments and investor services
Risers & Fallers: Argos Resources, Eden Research, Hardide, Inspiration Health., Kromek, MirLand
Eden Research raises a glass to the Spanish authorities for green-lighting its wine grape protection product.
Enquest and Cairn secure bigger stakes in Kraken
The London listed oil firms have waived rights to $10mln of missed calls, and will instead take their former partners stake in the oil field development.
Investments and investor services
Blue-chips retain gains on Chinese stimulus hopes
The FTSE 100 Index ended the session 97 points higher at 5,876..
Blue-chips build on gains as Carney turns dovish
The FTSE 100 Index rose 130.42 points to 5910 but the pound fell
Investments and investor services
Chinese money-printing hopes stimulate London shares
Markets hoped for Chinese stimulus after disappointing GDP figures
Cairn Energy reports upbeat results from Senegal well
Oil & gas explorer voiced delight with positive flow tests on the SNE-2 appraisal well
FTSE 100 to recoup losses on Chinese stimulus hope
The old “bad news is good news” mind-set returned overnight in China
Archive
Bombed out Tesco one to check out, according to Barclays
On a week in which retailers came to the market, largely warned on trading and profitability and definitely failed to conquer, Barclays provided an antidote to the gloom with an upgrade to shares in Britain's largest grocer.
Investments and investor services
FTSE100 plummets 150 points as China weighs
The FTSE 100 dropped over 2%, ending the day around 150 points lower at 6,093.
Investments and investor services
Proactive news highlights: Horse Hill, Cairn Energy, Redx Pharma, React Energy and more
Green Dragon, Midatech Pharma and BATM Advanced Communications also had news out on Monday
Chinese circuit-breaker sparks fall in London shares
The Footsie backtracked 115 points to 6126 amid weak Chinese manufacturing figures