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LUPEY - Lundin Petroleum: Bullish Sentiment Unchanged After H1 2019
Lundin Petroleum AB ADR
My esteemed long-term followers have surely already read a few of my articles on the Swedish Lundin Petroleum (LUPEY, LNDNF, LNDNY), an exploration and production company focused on the Norwegian Continental Shelf. Since my previous coverage in May 2019, there have been several events including a deal with Equinor ASA (EQNR) and a few exploration successes; Lundin also presented its half-year results with steady free cash flow despite weaker Brent price. I suppose it is now worth revisiting the thesis and adding a few adjustments if required.