UK 10:27 Saturday, 17 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Cairn Energy’s (CNE) latest set of results were far from market-pleasing and resulted in a 14 per cent drop in its share price yesterday. It now sits at its lowest price since the market crashed in 2008, albeit with far more shares in existence. The current price of 168p equates to a market cap of close to £1 billion, but is there value here?
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Comments
wildrides
When I read your stuff I cant help humming the 80’s tune “Cars” weird that ?
Razzle dazzle
Fair enough but I can’t help but think the long trading rang of 2012-14 was the mid point of the downward trend and the breakdown of this trading range now points towards a target of the 2008 lows of around 127p. So not a buy for me at this stage.