LNDNF - Lundin Petroleum: $60 Oil Is Not An Issue When You're Producing At Less Than $5/Barrel
Introduction
Earlier this year, I was charmed by Lundin Petroleum (LNDNF) (LNDNY) (LUPEY) which was generating a lot of free cash flow thanks to the high oil price and its low production cost. Since that article was published, the oil price has been hit hard, but I remain convinced Lundin's production assets are so well-positioned on the production cost curve, the lower oil price doesn't matter that much.
Source: Yahoo Finance
Lundin Petroleum has an OTC listing, but its listing on the Stockholm Stock Exchange is much more liquid.