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LUPEY - Lundin Petroleum: The Johan Sverdrup Oil Field To Bolster Revenue And Share Price
Lundin Petroleum AB ADR
The most recent results of the Swedish upstream company Lundin Petroleum (LUPEY, LNDNY, LNDNF), which I have been covering since November 2018, indicate that the bullish sentiment I had a year ago is still relevant.
Despite the macro headwinds and tumbled oil price, Lundin Petroleum climbed ~39% since the beginning of the year, while most of the oil & gas stocks have lagged behind benchmarks like the S&P 500 and country ETFs. Some of the players in the industry are even reeling on the ropes overwhelmed by debt, while their boards