LUPEY - Lundin Petroleum: 2020 Growth Is In The Cards
I have been bullish on the Swedish upstream company Lundin Petroleum (OTCPK: LUPEY, OTCPK: LNDNY, OTCPK: LNDNF) since late 2018. Its portfolio structure, organic growth prospects, exploration successes, scrupulous optimization of costs, and free cash flow have been instilling confidence the stock would deliver market-beating returns. The company experienced some difficulties in 2019 as Brent prices gyrated amid the trade war, but these temporary headwinds did not persuade me to turn bearish. I have been fairly confident the long-term growth story of LUPEY is secure.
Now, after 2019 results were