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Cairn: The asset backed mid cap oil stock to back

By Tom Winnifrith | Thursday 11 April 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.

FTSE 250 listed oil and gas company Cairn Energy ("LSE: CNE": was lifted by news on a discovery made at Skarfjell (Cairn: 20%) in the Norwegian North Sea.

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