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.