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Buy signal for Cairn Energy - initial target 320p

By Thierry Laduguie | Thursday 17 October 2013

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Cairn Energy (CNE) released its interim management statement today and the stock reacted positively. At 11am the stock was trading at 285p, up 3.4% on the day. 

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