image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Secondary Recommendation

Cairn Energy - 2018 could be huge year

February 2018

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:
  • CNE
  • Price:
  • 223p
Having turned bullish on the oil & gas sector two years ago, it’s pleasing to see TMI favourites Tullow Oil, 234p and Premier Oil, 95.5p, pushing on nicely. Another stock that should do well is Cairn Energy, whose claim to fame was its staggering Mangala oil discovery in India, which contained 3.7bn barrels of oil equivalent, by far the biggest global find in 2002. Having sold the majority of its interest in Mangala (which was subsequently floated on the Indian Stock Exchange as Cairn India), its portfolio now mainly comprises assets in the North Sea and Senegal. Rather serendipitously, its two most advanced fields, both in the North Sea, have just achieved first oil at a time when Brent has spiked to hit almost US$70.The ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Cairn Energy (May 2021)
Cairn Energy (February 2021)
Cairn Energy - Disposal of Senegal assets (September 2020)
Cairn Energy (June 2020)
Cairn Energy - US$255m cash provides some support (April 2020)
Cairn Energy (October 2019)
Cairn Energy (May 2019)
Cairn Energy (March 2019)
Cairn Energy (November 2018)
Cairn Energy - Oil e&p stock with a bull case price target of 530p (July 2018)
Cairn Energy - Oil e&p group to generate US$200m cashflow from 2018 (May 2017)
Cairn Energy - Eye on future drilling (May 2016)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X