Davy Research

Cairn Energy plc

No change to milestones in AGM statement
Resource
Cairn Energy plc

DAVY VIEW

Cairn Energy has released an update ahead of its AGM today. There is very little news in the update, and key figures and timelines remain within previous guidance. We continue to like the stock, believing it to be undervalued, with a robust balance sheet and a decent track record in capital allocation.

Download full report with analyst certification and important disclosures
Download
Download full report with analyst certification and important disclosures
Download
  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Cairn Energy plc

    Closing Price: 209p

  • RATING 05/12/16

  • PREVIOUS RATING 24/03/14

    Neutral

Analyst(S)

COMPANY DATA

JUMP TO