We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close

subscriber-only content

or
for more website access

The content of this section is only available to Investors Chronicle online subscribers.

Cairn set for an exciting 2017

Geopolitical events and price volatility, not to mention operational complexity, mean you should never call a commodity stock 'low risk'. That's even more true of companies in an oil sector that is not only adjusting to a world with two swing producers, but to greater climate-related sanctions in the years ahead. But to the extent that 'low risk' can be found among any of London's listed oil groups, Cairn Energy (CNE) is a strong candidate. With both cash and lowly valued, low-cost reserves on its balance sheet, the company should benefit from any further rise in oil prices, which we think is more likely than not in the year ahead. Throw in looming production from its stakes in Catcher and Kraken in the North Sea, and we think 2017 should be the year where Cairn's shares finally push beyond their narrow recent trading range.

subscriber-only content

visible-status-Subscription-Only story-url-Cairn_Tip_131216.xml

By Alex Newman,
05 January 2017

Print this article
Comments

More tips and updates for this share

Share Price

IC columnists

Simon Thompson

Simon Thompson

Winning stock and trading ideas from the creator of the Bargain Portfolio

The Trader

The Trader

Technical analysis and market calls from our in-house charting expert

Mr Bearbull

Mr Bearbull

Sound ideas on running portfolios from an experienced commentator

Smart Money

Smart Money

Practical ideas to help you plan your future

Chris Dillow

Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

Property Matters

Property Matters

Comment on the ups and downs of property investments, with a particular focus on the perennially popular world of buy to let

The Editor

The Editor

Commentary on markets, world affairs and everything to do with investing

Chronic Investor Blog

Chronic Investor Blog

Our light-hearted take on the world of investing

Advertiser reports

Register today and get...

Register today and get...
Please note terms & conditions apply