Cairn Energy PLC (OTCPK:CRNCY) is an oil and gas exploration, development, and production company with primary focus on the Atlantic, Mediterranean, UK and Norway. The company also has a 10% stake in Cairn India, which is listed in the Indian exchange and is owned by the Vedanta Group (59% stake in Cairn India). Cairn India, with a current market capitalization of $10 billion is among the top 20 E&P companies in the world. While I will be discussing the other assets of Cairn Energy in the article, the focus will be on stock upside in Cairn Energy coming from the 10% stake in Cairn India. The discussion to follow leads to a conclusion that Cairn Energy...
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