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Cairn India
cairn is falling I am stuck
Posted by :
retrobrokerTracked by: 0 Boarder
realistic to expect 4650 levels on the Nifty now.. Cairn i see being strong this week...however only due to rising crude..as it might scale 110 but once this hurricane goes will be bak to 107 levels and then prolly slide to arnd 100 - i will be exiting it in this rally... Target 256 ...
In reply to:
cairn is falling I am stuck
Posted by :
vkk43
Market is exceptionally strong right now. Cairn will remain steady today. 
cairn is falling I am stuck
Posted by : GuestTracked by: 0 Boarder
8sep08 Cairn below Rs300 per share is good buy and should be amassed...
In reply to:
cairn is falling I am stuck
Posted by : Guest
I bought this stock at 243 level as everybody was saying that this stock is good & recommending this share at 245 ...
I understand this share is good and related to crude ,But can anyone tell me what to do I have same amount to average it out but dont know when to average...........
cairn is falling I am stuck
Posted by : vkk43Tracked by: 0 Boarder
Market is exceptionally strong right now. Cairn will remain steady today....
In reply to:
cairn is falling I am stuck
Posted by : retrobroker
crude is over $ 108, up 2.7% --- Cairn sure to be in the 235 range today...hurricance IKE headed to gulf of mexico...so this week crude shud rally and so shud Cairn 228 is a veryy good level and a sure buy today at 230 levels... shud cross 240 this week...
Cairn and ONGC confirm ‘exploratory’ talk
Posted by : HarikrishnanTracked by: 0 Boarder
There are reports which suggest that Eni SpA of Italy is in talks with Cairn Energy PLC for a possible takeover. With respect to Exploration and Production (E&P) acquisitions, it is a wrong time as crude is at USD 135 per barrel and firm crude prices make it difficult to acquire oil and gas assets. Talks normally fail in a situation where underlying prices are in an up-cycle.
The management of Cairn India has not replied yet to this query
...
In reply to:
Cairn and ONGC confirm ‘exploratory’ talk
Posted by :
readarticle
I think ENI of Italy was trying to take over CAIRN INDIA. But comp said we are not on sale.
What do you think the price will be after the fall in Crude prices?
Eni is the most sustainable oil company
Posted by : HarikrishnanTracked by: 0 Boarder
Eni is the most sustainable oil company in the world. The prestigious Dow Jones Sustainability Index World has awarded the highest points in the oil & gas to Eni, making the company the best performer. It is the first time that an Italian company as led its sector in what is widely considered to be among the world’s most important sustainability indexes.
ENI take over positive for Cairn india.
...
Cairn and ONGC confirm ‘exploratory’ talk
Posted by : readarticleTracked by: 0 Boarder
I think ENI of Italy was trying to take over CAIRN INDIA. But comp said we are not on sale.
What do you think the price will be after the fall in Crude prices?...
In reply to:
Cairn and ONGC confirm ‘exploratory’ talk
Posted by : Harikrishnan
Cairn and ONGC confirm ‘exploratory’ talks over bid.
BOTH Cairn Energy and potential suitor for the business India’s state-owned Oil & Natural Gas Company have stated that talks have taken place about a possible bid being made for the Edinburgh-based group.
But both parties have stressed that the talks are no more than exploratory at this time.
Following weekend reports that a bid in the region of £500 million was to be made for Cairn’s production assets on the Indian sub-continent, one unnamed company official confirmed that talks had taken place.
And a counterpart at ONGC said talks had been going on for the past three weeks.
He added: "Cairn has made many discoveries in India and they have a good gas field in Bangladesh which can be fully exploited.
"We are primarily interested in its Indian fields but if the Bangladeshi asset comes up as a package, it is fine."
Subir Raha, the chairman and managing director of ONGC, added that the company was open to any opportunities on and around the sub-continent.
Cairn has declined to make any official comment on any possible bid coming for the group, one of Britain’s largest independent energy exploration firms, other than to say it talks "to lots of people all of the time".
But finance director Kevin Hart said the firm was committed to India and added that Cairn was "actively appraising" bidding in the next round of exploration licences.
Cairn and ONGC confirm ‘exploratory’ talk
Posted by : HarikrishnanTracked by: 0 Boarder
Cairn and ONGC confirm ‘exploratory’ talks over bid.
BOTH Cairn Energy and potential suitor for the business India’s state-owned Oil & Natural Gas Company have stated that talks have taken place about a possible bid being made for the Edinburgh-based group.
But both parties have stressed that the talks are no more than exploratory at this time.
Following weekend reports that a bid in the region of £500 million was to be made for Cairn’s production assets on the Indian sub-continent, one unnamed company official confirmed that talks had taken place.
And a counterpart at ONGC said talks had been going on for the past three weeks.
He added: "Cairn has made many discoveries in India and they have a good gas field in Bangladesh which can be fully exploited.
"We are primarily interested in its Indian fields but if the Bangladeshi asset comes up as a package, it is fine."
Subir Raha, the chairman and managing director of ONGC, added that the company was open to any opportunities on and around the sub-continent.
Cairn has declined to make any official comment on any possible bid coming for the group, one of Britain’s largest independent energy exploration firms, other than to say it talks "to lots of people all of the time".
But finance director Kevin Hart said the firm was committed to India and added that Cairn was "actively appraising" bidding in the next round of exploration licences....
Oil licence for Cairn soon
Posted by : HarikrishnanTracked by: 0 Boarder
Oil licence for Cairn soon .
COLOMBO: The Government is to provide Cairn India Ltd the license to explore oil deposits in the Mannar basin in the northwestern sea belt of the island shortly.
The exploration license for the company has now been drafted and sent to the Attorney General's Department for review, Petroleum Resources Development Secretariat Director General Neil de Silva told the Daily News.
The Indian company which took part in the bidding process for Block 1 of the Mannar basin was awarded the tender in June, following which an exploration agreement was signed between the Government and the company.
"Once the draft receives the green light of the Attorney General, Cairns India will be granted the license to commence exploration work on the block assigned to them," he said.
Block No 1 in the Mannar basin earmarked for oil exploration spreads over 3,000 square kilometres.
Cairns India is expected to invest over US$ 10 million on exploring oil resources in the block
...
GE Energy to Supply 32 Jenbacher Gas Engi
Posted by : HarikrishnanTracked by: 0 Boarder
GE Energy to Supply 32 Jenbacher Gas Engines for Cairn India's Crude Oil Pipeline Project.
GE Energy, a subsidiary of General Electric Company (NYSE:GE) (Fairfield, Connecticut), has secured a contract from Cairn India Limited (BOM:532792) (Gurgaon, Haryana) to supply 32 Jenbacher J420 GS gas engines for power generation for Cairn's upcoming crude oil pipeline. The engines will be installed at 32 locations along the route of the pipeline and will constitute an overall skin effect heat management system...
GE Energy to Supply 32 Jenbacher Gas Engi
Posted by : HarikrishnanTracked by: 0 Boarder
GE Energy to Supply 32 Jenbacher Gas Engines for Cairn India's Crude Oil Pipeline Project.
GE Energy, a subsidiary of General Electric Company (NYSE:GE) (Fairfield, Connecticut), has secured a contract from Cairn India Limited (BOM:532792) (Gurgaon, Haryana) to supply 32 Jenbacher J420 GS gas engines for power generation for Cairn's upcoming crude oil pipeline. The engines will be installed at 32 locations along the route of the pipeline and will constitute an overall skin effect heat management system...
Cairn India enter DJ BRIC 50 index
Posted by : HarikrishnanTracked by: 0 Boarder
Cairn India have made their way to the Dow Jones BRIC 50 Index, a blue-chip index measuring performance of 50 largest and most liquid companies in Brazil, Russia, India and China.
The new entrants would replace four other Indian firms -- realty firm Unitech, Tata Motors, TCS and Satyam Computer -- on the investible index, global index major Dow Jones Indexes said in a statement.
The changes are part of the regular annual review of the index and would be effective as of the open of trading on September 22.
Other Indian companies on the index include RIL, L&T, ICICI Bank, Infosys, SBI, RCOM, Tata Steel, HDFC, BHEL, Suzlon and ITC.
Besides four Indian companies, other new components of the index would include three from Brazil -- BM&F Bovespa S/A Bolsa de Valores Mercadorias e Futuros, Companhia Energetica de Minas Gerais-CEMIG, Metalurgica Gerdau S/A Pref, two Chinese entities -- China COSCO Holdings Company Limited and China Communications Construction Co Ltd -- and Russia\\`s Surgutneftegaz JSC.
The 10 companies exiting the index include Brazil\\`s Banco Santander S/A Pref, Companhia de Gas de Sao Paulo Ord and Light S/A Ord, China\\`s Jiangxi Copper Company and Trina Solar Limited ADS and Russia\\`s Mobile Telesystems.
The float-adjusted market capitalisation of the reconstituted Dow Jones BRIC 50 Index has increased to 0 billion from 2 billion as of September 2.
The number of components in the index is fixed at 15 each for Brazil, India and China and five components for Russia to reflect the size of each market in the index.
I AM STILL BULLISH ON CAIRN INDIA... HARIKRISHNAN.K(TECH EXPERT OIL AND GAS)...
cairn is falling I am stuck
Posted by : retrobrokerTracked by: 0 Boarder
270 is a unlikely level..as this stock has perfect correlation to crude.. a rally to 270 meansover a 20% rally which means crude shud be at 130 levels for this to rally.. to those levels. whhich is not only highly unlikely but IMPOSSIBLE..but yes this week shud be in 250 range..shud not cross 260..see it bottoming out at 255......
In reply to:
cairn is falling I am stuck
Posted by : Guest
Keep waiting for those levels. It will rally above 270 by this week. Take Care
cairn is falling I am stuck
Posted by : retrobrokerTracked by: 0 Boarder
crude is over $ 108, up 2.7% --- Cairn sure to be in the 235 range today...hurricance IKE headed to gulf of mexico...so this week crude shud rally and so shud Cairn 228 is a veryy good level and a sure buy today at 230 levels... shud cross 240 this week......
In reply to:
cairn is falling I am stuck
Posted by : vkk43
Nice analysis on Cairn.
cairn is falling I am stuck
Posted by : GuestTracked by: 0 Boarder
Keep waiting for those levels. It will rally above 270 by this week. Take Care...
In reply to:
cairn is falling I am stuck
Posted by : retrobroker
243 is a veryyy high level to buy this stock.. not a buy over 230 - 235..243 is more on the upisde.. though it has seen 256 on a day not too long bak...wait for this stock to hit 220...which should be soon... its purely crude play so take ur calll.. crude today is 106..and shud be in this range...but its headed to go below 100 soon....purely ur call.. but yes good stock from investment prespective..as and when crude rallies see this go up..
Correction over
Posted by : GuestTracked by: 0 Boarder
Some people here said to buy Cairn @ 220. So i regret for people who waited for such levels and dint bought the stock at the last traded price of 229. Today morning the entire global market is up and Crude is up on news of Hurricane Ike currently trading at 108.65 . enjoy the rally people .
Take Care....
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