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LUPEY - Lundin Energy: Robust Cash Flows And Debt Reduction
Lundin Petroleum AB ADR
The gloomy times in the oil market and a once-in-a-century cataclysm like the COVID-19 pandemic upended Lundin Energy’s (LNDNF, LUPEY, LNDNY) growth plans, but the company (previously known as Lundin Petroleum AB) is not bending to the pressure. As the most recent results clearly illustrate, the North Sea energy company can exert muscles and deliver even more startling opex per barrel than it has already been showing and quickly scale down capex if needed.
Among other things, the company has been executing its green strategy; the Annual General Meeting approved the