Time to get involved?
Cairn Energy reports 2018 net production of 17.5K barrels
2018 Net production for Catcher & Kraken averaged 17.5K barrels/day.
Guidance was for 17-20K; Forecasts 2019 production of 19-22K
Current share price 188.5p (at time of writing).
- Shares -31.5% from 2018 highs; +34.1% from 2018 lows; +25.7% year-to-date
- Will this production update help the shares?
- Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal
Trading Cairn Energy – An Example
Let’s say you think that Cairn is likely to rise as a result of this news. You decide to buy exposure to £10,000 worth of Cairn using a CFD, at the current price of 188.5p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Cairn share price rises by 10% following the news. Your profit would be £1,000, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Cairn shares fall back 5% and hits your stop-loss. Your loss would be £500
This is provided for information purposes only. It should not be taken as a recommendation.