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LUPEY - Lundin Petroleum: Strong Cash Flows And Strong Growth
Lundin Petroleum AB ADR
Introduction
Third time is a charm. After looking at Swedish Steel (OTC:SSAAF) and Kemira (OTC:KMRAF) in the previous editions of Focus on Europe, we are making one final step in Scandinavia for this month. Lundin Petroleum (OTCPK:LNDNF) (OTCPK:LNDNY) (OTCPK:LUPEY) is a large oil producer producing almost 80,000 barrels of oil equivalent per day. The company’s low cost production base ensures outsized cash flows which are subsequently reinvested in further production growth. This, combined with the recently announced strategic deal with Equinor (EQNR),