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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Burren Energy - Forecast to quadruple oil production by 2007

April 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BUR
Recent discoveries by independent oil explorer, Cairn Energy, have created a flurry of excitement in the exploration & production sector as investors search for the next big winner.  Given this backdrop, we met last month with Finian O'Sullivan and Andrew Rose, respectively the chief executive and finance director, of Burren Energy, which has interests in the Caspian Sea and West Africa. Shares in Burren have enjoyed a strong start since last December's introduction to the Full List at 130p, reflecting its formidable profitrecord, significant growth in production rates and solid levels of reserves.   The forecast from house broker, Seymour Pierce, already indicates that its earnings will soar from 13.6p in 2003 to ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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