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Secondary Recommendation

Cairn Energy - Eye on future drilling

May 2016

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:
  • 200p
Alongside Tullow Oil, Cairn Energy belongs to a select club of quoted oil & gas e&p firms, which have been transformed from a small cap acorn to a FTSE-100 oak on account of a huge discovery. Tullow has arguably found four “company making” assets while Cairn’s most recent discovery in Senegal (causing a furious share spike in its wake) could mark its second.Founded in 1981 Cairn initially eked out a respectable living drilling for oil in the Gulf of Mexico, North Sea and offshore Bangladesh but the seeds for its future success were sown when it executed an asset swap with Shell, which brought in interests onshore in Rajasthan in North West India. After two unsuccessful wells Shell sold its remaining 50% in ...

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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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