Cairn Energy plc

No surprise and in control

  • Sectors : Resource
  • Companies : Cairn Energy plc

Ratings and price correct at time of issue.

  • Cairn Energy plc

    Closing Price: 191.5p

  • RATING 05/12/16

  • PREVIOUS RATING 24/03/14



Reassuringly, the last operational update for Cairn Energy before its final outturn looks to be without surprise. Strategy looks well defined and financial risk is minimal at this point in time. It is entering a period of increased capital spend but it is doing so from a strong financial position and controlled expenditure. It also retains its exploration pedigree through drilling programmes in Mexico and the North Sea. While the sector has multiple challenges at present, investors should be pleased with the update.

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Jan 21 2020, 08:45 GMT