Seeking Alpha
Editor's notes: CNE.L's holding of Cairn India leaves it exposed to attractive growth as the latter company accelerates production. 25% upside as the market continues to catch up after a complicated merger.

Investment Thesis

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...

Only subscribers can access this article, which is part of the PRO research library covering 3,773 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: