Davy Research

Cairn Energy plc

Signs of next growth phase emerging
Resource
Cairn Energy plc

DAVY VIEW

With one or two notable exceptions, there is not a lot of new news in Cairn’s results so pricing signals are limited. However, we think there are signs of the shift to the next growth phase and a return to the traditional exploration focus of the group – albeit now with a platform of production to support Cairn through investment and equity market cycles.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Cairn Energy plc

    Closing Price: 293p

  • RATING 05/12/16

  • PREVIOUS RATING 24/03/14

    Neutral

Analyst(S)

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