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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cairn Energy

February 2021

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:
  • 191p
Shares in Cairn Energy soared to over £2 after it announced that it had won its long delayed tax dispute case against the Indian Government. The tribunal has told it to pay US$1.2bn (£880m) damages plus interest and costs to Cairn, which is much closer to the full US$1.4bn Cairn had demanded than analysts had expected. Broker Stifel reckons the rest of the business is worth 121p a share, so with the award worth 157p a share, investors are clearly worried the Indian Government will either delay or refuse to pay. Originally a TMI Trader Portfolio 1 constituent, after a long struggle the shares are finally coming good, particularly as they have just gone ex a 32p special dividend from the sale of its Senega ...

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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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