Cairn to sell Senegal interest to Lukoil for up to $400 million [MarketWatch]
CAPRICORN ENERGY UNSP/ADR (CRNCY)
NASDAQ:AMEX Investor Relations:
cairnenergy.com/investors
Company Research
Source: MarketWatch
Cairn Energy said it's selling its entire 40% stake in a field offshore Senegal to Lukoil for up to $400 million. Deal terms call for Lukoil to pay $300 million in cash plus reimbursement of capital expenditure since Jan. 1, and up to $100 million more, dependent on the timing of first oil and the average Brent oil price during the first six months of production. Cairn said it will pay a special dividend of at least $250 million upon the deal's completion. Lukoil said the deal will boost its presence in West Africa, the recoverable hydrocarbon reserves of the Sangomar field total approximately 500 million barrels of oil equivalent, and is planned to be launched in 2023.
Show less
Read more
Impact Snapshot
Event Time:
CRNCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CRNCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CRNCY alerts
High impacting CAPRICORN ENERGY UNSP/ADR news events
Weekly update
A roundup of the hottest topics