Is CRNCY.PK a buy? - Seeking Alpha

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HEADLINES:

Sifting Through The Rubble Of The Energy Sector
Emerging Money • Thu, Oct 25, 2012
Why M&A for Metal Majors Is a Bad Idea
World Market Pulse • Wed, Sep 29, 2010 • 2 Comments
Wall Street Breakfast: Must-Know News
SA Editor Rachael Granby • Tue, Aug 24, 2010 • 24 Comments
Wall Street Breakfast: Must-Know News
SA Editor Rachael Granby • Thu, Aug 12, 2010 • 17 Comments
The Week Ahead: Healthcare, The U.K. Budget and Japan's CPI in Focus
Prieur du Plessis • Sat, Mar 20, 2010 • 1 Comment
Report from Europe: The Santa Claus Rally Continues
The Mole • Mon, Dec 21, 2009
Cairn India Looks Like a Good Buy
Tanmay Purohit • Sun, Aug 23, 2009 • 1 Comment
The Case for Cairn Energy
Harmit Kamboe • Wed, Jul 22, 2009 • 6 Comments
Preview from Europe: Markets Dismiss Stress Tests and Crack 900
The Mole • Thu, May 7, 2009 • 2 Comments
World Oil Snapshot: Big Picture and Investable Advice
Alan von Altendorf • Thu, Apr 30, 2009 • 33 Comments
Preview from Europe: Stocks Thank Pandit
The Mole • Wed, Mar 11, 2009 • 3 Comments

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Cairn India Looks Like a Good Buy
Tanmay Purohit • Sun, Aug 23, 2009 • 1 Comment
The Case for Cairn Energy
Harmit Kamboe • Wed, Jul 22, 2009 • 6 Comments

Sifting Through The Rubble Of The Energy Sector
Emerging Money • Thu, Oct 25, 2012
Why M&A for Metal Majors Is a Bad Idea
World Market Pulse • Wed, Sep 29, 2010 • 2 Comments
Wall Street Breakfast: Must-Know News
SA Editor Rachael Granby • Tue, Aug 24, 2010 • 24 Comments
Wall Street Breakfast: Must-Know News
SA Editor Rachael Granby • Thu, Aug 12, 2010 • 17 Comments
The Week Ahead: Healthcare, The U.K. Budget and Japan's CPI in Focus
Prieur du Plessis • Sat, Mar 20, 2010 • 1 Comment
Report from Europe: The Santa Claus Rally Continues
The Mole • Mon, Dec 21, 2009
Preview from Europe: Markets Dismiss Stress Tests and Crack 900
The Mole • Thu, May 7, 2009 • 2 Comments
World Oil Snapshot: Big Picture and Investable Advice
Alan von Altendorf • Thu, Apr 30, 2009 • 33 Comments
Preview from Europe: Stocks Thank Pandit
The Mole • Wed, Mar 11, 2009 • 3 Comments

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CRNCY.PK vs. ETF Alternatives

Company Description

Currently, there's no company description for CRNCY.PK.

Sector: Basic Materials

Industry: Electric Utilities

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, October 7, 2010, 1:21 PM As expected, overwhelming approval by shareholders in Cairn India (CRNCY.PK) for an up-to-$8.5B stake sale to Vedanta (VDNRF.PK), but Cairn's down 3.1% amid fears the deal may not close in timely fashion - or at all. (previously) Comment!
Wednesday, August 25, 2010, 8:28 AM A senior official in India's oil ministry flatly denies state-run energy firms Oil & Natural Gas Corp. and GAIL India (GAILF.PK) may make a counteroffer for a stake in Cairn India (CRNCY.PK). There is "no chance" of a counterbid because the valuation from Vedanta (VDNRF.PK) is already "very high." Comment!
Tuesday, August 24, 2010, 8:20 AM India’s oil ministry has reportedly told Oil & Natural Gas Corp. to study the possibility of making a counteroffer for a stake in Cairn India (CRNCY.PK) that would edge out Vedanta Resources' (VDNRF.PK) $9.6B bid. GAIL India (GAILF.PK) may join the offer. Comment!
Tuesday, August 17, 2010, 12:22 PM Vedanta Resources (VDNRF.PK) says it won't sell shares to recoup the $6.5B in debt it's issuing to finance its buy-in to Cairn India (CRNCY.PK): "If necessary we can roll over and get a refinancing." Comment!
Monday, August 16, 2010, 8:20 AM Vedanta Resources (VDNRF.PK) plans to buy up to 60% of Cairn India (CRNCY.PK) for up to $9.6B, gaining a controlling stake in a firm with the potential to generate around 25% of India's oil and gas production. Analysts are skeptical: Vedanta has no experience with oil & gas, and there will be few synergies with its existing business. Comment!
Thursday, August 12, 2010, 5:49 AM Vedanta Resources (VDNRF.PK) is said to be in talks to buy assets or a multibillion-dollar equity stake in Cairn Energy (CRNCY.PK), a U.K. oil and gas exploration firm. It would mark a major strategy shift for metals producer Vedanta, which has had no experience with oil and gas exploration. In London trading, Vedanta -4.2%, Cairn +1.1%. Comment!

CRNCY.PK Cairn Energy Plc

CRNCY.PK

Cairn Energy Plc