LNDNY - Lundin Petroleum: A Net Loss In Q4 Due To FX And Exploration Expenses
Introduction
Lundin Petroleum (LNDNF) (LNDNY) (LUPEY) has always been a favorite of mine as the company's combination of a low production cost for its oil and an aggressive growth trajectory for its oil production appears to be the 'best of both worlds'. Even at a Brent oil price of $60/barrel (spot price: almost $63 as of the time of writing this article), the company remains cash flow positive and should be able to cover all of its capital expenditures with the internally generated cash flow.
Source: Yahoo Finance
Lundin