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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cairn Energy

November 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:
  • 232p
Cairn’s half year report revealed combined net production from its interests in the Catcher and Kraken fields in the North Sea averaged 14,400 boepd in H1 with June achieving a record 19,700 boepd. Revenues from oil sales in H1 were US$172m at an average realised price of almost US$67 / barrel. Group cash was US$75m. Guidance for H2 was 18,500 – 20,000 boepd as both fields push towards peak production.It’s been a good first half in other areas too including project sanction for its Nova (Norway) development, which could yield 10,000 boepd net from 2021. The key areas to look out for in H2 are project sanction to develop its large Senegal asset, the SNE field (c. 500m barrels reserves) while the result of its tax a ...

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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.

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

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