Updates

Cairn Energy

May 2019

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.

The shares have lagged the oil rise for two reasons. The India tax dispute, worth US$1.4bn if it wins, has been delayed while more controversially Cairn’s full year results revealed a 19% downgrade of its Kraken field’s reserves estimates after production problems meant output was lower than expected at a gross 30.3k barrels oil per day (bopd) in FY’18 versus original projections of 50k. However, the company still left Kraken’s 2019 forecast gross production estimates unchanged in a range of 30-35k barrels oil per day. Its partner, Enquest, which operates Kraken, disputes this analysis and is not making any changes to reserves.Those results showed net production (derived from stakes in Kraken and fello ...

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

Subscribe now

Already a subscriber? Login

NMC Health - Superb 28% growth in eps

Just Eat - Target price raised 100p to 1150p

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 (March 2019)

Cairn Energy (November 2018)

Cairn Energy - Oil e&p stock with a bull case price target of 530p (July 2018)

Cairn Energy - 2018 could be huge year (February 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