|Bid||305.80 x 0|
|Ask||305.90 x 0|
|Day's Range||304.20 - 310.50|
|52 Week Range||213.50 - 330.50|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||1,022.07|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||13.41 (4.35%)|
|1y Target Est||31.77|
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce the composition of the Nomination Committee for the 2020 Annual General Meeting (AGM) to be held on 31 March 2020 in Stockholm. At the Nomination Committee's first meeting, Aksel Azrac was elected as Chairman of the Nomination Committee.
Lundin Petroleum AB (Lundin Petroleum) will publish its financial report for the third quarter 2019 on Thursday 31 October 2019. For the third quarter 2019, Lundin Petroleum.
Could Lundin Petroleum AB (publ) (STO:LUPE) be an attractive dividend share to own for the long haul? Investors are...
Climate change means oil producers such as Norway face a serious dilemma. An oilfield off its coast, Johan Sverdrup — one of the largest discovered anywhere — has this past weekend begun production. Lundin Petroleum of Sweden, its discoverer, and operator Norway’s Equinor, have endeavoured to show how black crude can be the new green.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce first oil from Phase 1 of the Johan Sverdrup field on the Utsira High in the Norwegian North Sea, ahead of schedule and below budget. The field has gross recoverable reserves of 2.7 billion barrels of oil equivalent and during Phase 1, Johan Sverdrup will produce 440,000 barrels of oil per day, increasing to 660,000 barrels of oil per day, after Phase 2 of the development commences production in the fourth quarter 2022. At its peak, the field will produce approximately 25 percent of all petroleum production on the Norwegian Continental Shelf.
Lundin Petroleum AB (Lundin Petroleum) announces that the third quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.61 per share, with a.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce an acceleration to the start-up schedule of the Johan Sverdrup development project. The Johan Sverdrup development project continues to progress well through the final stages of preparation for operations with most of the hook-up and commissioning work now completed. During phase 1, Johan Sverdrup will produce 440 Mbopd when plateau production is reached by summer of 2020, increasing to 660 Mbopd after phase 2 commences in the fourth quarter 2022. At phase 2 plateau, Johan Sverdrup will contribute up to 25 percent of Norway’s total production of oil and gas, while power from shore gives the field carbon emissions intensity of just below 1 kg CO2 per barrel, which is among the lowest in the world and 25 times lower than the oil and gas industry average.
Lundin Petroleum AB (Lundin Petroleum) announces that following regulatory approvals in Norway, the previously announced sale of a 2.6 percent stake in the Johan Sverdrup development project by Lundin Norway AS to Equinor Energy AS has now completed with an effective date of 1 January 2019. The cash consideration for the sale is USD 962 million, which includes a USD 52 million contingent payment on future reserve reclassification. The completion of the sale, which follows the completion of the redemption of 16 percent of Lundin Petroleum shares in issue, as resolved at the extraordinary general meeting of the company on 31 July 2019 and registered with the Swedish Companies Registration Office in August 2019, concludes all aspects of the transactions agreed with Equinor ASA and Equinor Energy AS announced on 7 July 2019.
Lundin Petroleum AB (Lundin Petroleum) announces that, following redemption of 16 percent of its shares in issue, the total number of shares in issue and votes in Lundin Petroleum as at 30 August 2019 is 285,924,614. The total number of shares in issue and votes has changed as a result of the reduction of the share capital with retirement of 54,461,831 shares that was resolved upon at the extraordinary general meeting of the company on 31 July 2019 and registered with the Swedish Companies Registration Office in August 2019. Lundin Petroleum is one of Europe’s leading independent oil and gas exploration and production companies with operations focused on Norway and listed on Nasdaq Stockholm (ticker LUPE).
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made an oil discovery at exploration well 16/5-8s, targeting the Goddo prospect in PL815 approximately 14 km South of the Edvard Grieg field in the Norwegian North Sea. The main objective of the well was to prove oil in porous basement similar to what is found in the Rolvsnes discovery to the North West. The well encountered weathered and fractured basement in an estimated gross oil column of 20 meters.
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An Extraordinary General Meeting of Shareholders of Lundin Petroleum AB (publ) (“Lundin Petroleum”) was held today, Wednesday 31 July 2019, in Stockholm. The Extraordinary General Meeting was convened in connection with the proposal to, among other things, redeem 16 percent of the outstanding shares of Lundin Petroleum that are currently held by Equinor ASA and the sale of a 2.6 percent stake in the Johan Sverdrup development project for a cash consideration to Equinor Energy AS, as announced by Lundin Petroleum on 7 July 2019. To approve the agreement entered into between Lundin Petroleum and SpareBank 1 Markets AS on 7 July 2019 regarding a share swap transaction in relation to 54,461,831 shares in Lundin Petroleum.
Swedish oil firm Lundin Petroleum reported a smaller than expected drop in quarterly core earnings on Wednesday, and cut its capital spending guidance after reducing its stake in Norway's giant Johan Sverdrup field. The company cut its 2019 capital expenditure to $785 million from $930 million after agreeing to sell a 2.6% stake in Johan Sverdrup to operator Equinor for $910 million on July 7.
Production above mid-point guidance for the first half of the year at 77.5 Mboepd and Q2 at 76.1 MboepdContinued strong financial performanceOut performance of Edvard.
Lundin Petroleum AB (Lundin Petroleum) will publish its financial report for the second quarter 2019 on Wednesday 31 July 2019. For the second quarter 2019, Lundin Petroleum will expense pre-tax exploration costs of approximately MUSD 34 and recognise a net foreign exchange gain of approximately MUSD 34.
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Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield. Equinor agreed to sell about 54.5 million Lundin shares at a price of 266.4 crowns ($28.22), representing a discount of about 9.6% to Lundin's close on Friday. It will retain a 4.9% stake in Lundin.
Lundin Petroleum AB (“Lundin Petroleum”) announces that its Board of Directors proposes to redeem 16 percent of the outstanding shares that are currently held by Equinor ASA (“Equinor”). Lundin Petroleum’s wholly owned subsidiary Lundin Norway AS (“Lundin Norway”) has further agreed to sell a 2.6 percent stake in the Johan Sverdrup development project, for a cash consideration to Equinor Energy AS (“Equinor Energy”) (together, and together with the steps described below, the “Transaction”).
Lundin Petroleum AB (Lundin Petroleum) announces that the second quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.43 per share, with a.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has received final approval for the plan for development and operation (PDO) for the Solveig field (Solveig) from the Norwegian Ministry of Petroleum and Energy. The Solveig field is the first tie-back development project to the Lundin Norway operated Edvard Grieg platform on the Utsira High, Norway.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) and 16/1-31 A (Tellus East) on the eastern edge of the Edvard Grieg field in PL338 on the Utsira High.
Equinor's exploration well drilled near its Korpfjell gas find in the Norwegian Arctic has proved to be dry, Norway's Petroleum Directorate said on Monday, in an area near the Russian offshore border the company had hoped would be oil rich. This is another disappointment for Norway which hoped that the Barents Sea could become its new oil and gas province, helping to sustain its key industry, whose production is set to fall from mature fields in the North Sea. The area in the southeastern Barents Sea was opened for seismic acquisition and exploration after Norway and Russia's border agreement came into force in 2011.