FAR CEO sees value -AFR Article, page-64

Cairn up overnight ,
Cairn Energy shares strengthen ahead of results thanks to broker upgrade

link http://www.*.co.uk/companies/news/1...-results-thanks-to-broker-upgrade-192989.html

210.80
+14.40 (7.33%)

Mar 12 - Close
LON real-time data - Disclaimer
Currency in GBX unless noted

	Column 1	Column 2
0	Range	202.06 - 212.41
1	52 week	164.20 - 237.00
2	Open	204.00
3	Vol / Avg.	1.86M/1.41M
4	Mkt cap	1.23B*
5	P/E	6.67

" Cairn Energy PLC (LON:CNE) shares traded positively on Monday as Morgan Stanley upgraded the oil firm ahead of its results statement later this week.
A new price target of 300p sees some 55% upside to the current price of 203.6p, though the American bank also highlighted that the ‘bull case’ has a “path to 500p”.


"Any update on the large scale SNE development in Senegal will also be welcomed, as this project represents the most sUBStantial potential catalyst. In terms of the financial results, UBS analyst Amy Wong expects earnings (EBITDAX) of US$10mln, an operating loss of US$127mln and a net loss of US$90mln."

beat me to it sth.