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LNDNF - Buy Lundin Petroleum Before Russia And Saudi Arabia Get Back To The Table
Lundin Petroleum AB
Investment Overview
On March 9, 2020, oil prices crashed by most since 1991 with Saudi pursuing an all-out oil price war. Oil crashed below $30 per barrel with Goldman warning that oil can even touch $20 per barrel.
It goes without saying that the big plunge in oil prices translated into sharp correction for oil & gas exploration companies. It’s also very likely that oil will remain depressed in the foreseeable future and exploration companies witness further downside.
Oil is facing the double headwind of slowing economic growth due to the coronavirus coupled with