ANALYST VIEWS: IS CAIRN’S STATOIL DEAL A SHREWD MOVE TO REDUCE RISK?

SANJEEV BAHL | NUMIS

Statoil brings credibility to the project, but uncertainty remains on how much cash Cairn is to throw at further high risk/reward exploration.

STUART JOYNER | INVESTEC

This is a good move for Cairn, as it reduces their risk in Greenland and is a positive tie-up. Statoil is solid and will provide a fresh set of eyes.

KEITH BOWMAN | HARGREAVES LANSDOWN

The risk/reward balance is still seen as favourable, with market consensus opinion continuing to say ‘buy’. Statoil has good knowledge of the area.