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Cairn Energy (CRNCY, CRNZF), an independent London-listed exploration and development company, has recently presented its 1H19 results. On September 10, after the publication of the report, the share price surged to the high of 201 pence from the open level of 180 pence.
Share price dynamics in September 2019. Source: Yahoo Finance
Investor sentiment is fully explainable as nearly all relevant metrics astoundingly improved and instilled confidence that Cairn embarked on a growth path; exemplary fundamentals from a 48% revenue increase to positive FCF look especially inspiring considering that 2H18 performance