LUPEY News and Press, Lundin Petroleum AB ADR From 04/28/19

On April 26, Norwegian upstream company Aker BP ( OTCPK:DETNF ), which I previously covered in January, published its Q1 report . Unfortunately, I can't say that there was a plentitude of improvements that could be genuinely appreciated. The market wanted solid revenue growth, improved EBIT...

Swedish Lundin Petroleum ( LUPEY , LNDNF , LNDNY ) presented its FY18 results and held the Capital Markets Day a month ago. Since then it drilled two wells, 7132/2-1 (operated by Equinor ( EQNR )) targeting the Gjøkåsen Shallow prospect and 7121/1-2 S (operated by Lundin Norw...

International Petroleum (IPCFF) has recently reported solid Q4 results. I encourage the readers to watch the company's 2019 Capital Markets Day webcast. It has a lot of useful information about the company's assets, guidance, organic growth plans, and market environment. I would like t...

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 o...

This article highlights the best performing foreign stocks year to date 2019 for the month of January. The yCharts equity screening database counts 1,787 America Depository Receipts ("ADRs") trading on a U.S. exchange including over-the-counter issuers. Narrowing the list among firms with a ...

In January, Norwegian upstream company Aker BP ( DETNF ) rallied backed by rebounded Brent. Its 1-year returns including dividends amount to 20.5%. On Monday, January 29, 2018, share price on the Oslo Stock Exchange was NOK 231.6, on January 25, 2019, it reached NOK 280.2. R eturns of Norwegi...

Recent fruitless drilling I covered Lundin Petroleum ( LUPEY , LNDNF , LNDNY ) a month ago. In the previous article , I pointed out that the firm has an outstanding cash generation capacity, but also relatively high balance sheet risk and negative net worth. Today, amid a thunderous U.S. ...

Introduction Earlier this year, I was charmed by Lundin Petroleum ( LNDNF ) ( LNDNY ) ( LUPEY ) which was generating a lot of free cash flow thanks to the high oil price and its low production cost. Since that article was published, the oil price has been hit hard, but I remain convinc...

To begin with, I should underline two figures which I consider crucial in the recent quarterly report of Lundin Petroleum ( OTCPK:LUPEY , OTCPK:LNDNF ). First, 10x increase in FCF in 9M FY18, second, production cost of $4.79 per barrel. These numbers indicate considerable growth momentum and ...

Considerable growth on all fronts Aker BP’s ( DETNF ) current strategy is straightforward: acquire licenses and stakes from oil supermajors and compose the first-class portfolio of petroleum assets solely on the Norwegian Continental Shelf. This strategy bears fruit, as Aker BP turn...