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GLPEF - Galp Energia: A 4% Dividend Yield For A Low-Debt Oil And Gas Producer
Galp Energia SGPS SA
Introduction
Last year, I argued Galp Energia (GLPEF) (GLPEY) was in an excellent position to do very well in the next few years as the company is combining low-cost oil production with a healthy balance sheet, self-funded production growth and a reliable downstream segment. The share price hasn’t moved much (despite the Brent oil price increasing to in excess of 70 dollars per barrel), so perhaps this is a good moment to have another look at the company.
Source: Yahoo Finance
Galp’s Lisbon listing is obviously much more liquid, so