LUPEY - Lundin Energy Revisited: Buy For Expected Dividend Growth
In this article, I review the investment thesis of Lundin Energy AB (LNDNF) with a focus on the low-cost structure and growth potential, hoping to drive home the proposition that Lundin is an emerging dividend growth investing (or DGI) play and may deserve a place in an income-oriented investor's portfolio.
Low costs and high profitability
Since its founding in 2001, Lundin (fka, Lundin Petroleum) has operated in various parts of the world including Europe, Canada, Russia, Southeast Asia, and Africa. Lundin has been extremely successful on the Norwegian continental shelf in terms of