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LUPEY - Lundin Petroleum's Growth Story Has Been Hamstrung By The Oil Price Crisis
Lundin Petroleum AB ADR
Lundin Petroleum AB (OTCPK: LUPEY, OTCPK: LNDNY, OTCPK: LNDNF), the Swedish upstream company that I brought to the attention of my dear readers in late 2018, has recently published a few releases including the CEO’s letter to shareholders and amendment to the proposed 2019 dividend which shed light on how the company has been preparing to address the abrupt plunge in crude oil prices.
2020 had been a long-awaited inflection point when the company’s growth story was due to materialize. The start-up and ramp-up of the Johan Sverdrup oilfield offshore Norway