|Bid||308.10 x 0|
|Ask||308.30 x 0|
|Day's Range||305.70 - 309.40|
|52 Week Range||213.50 - 347.00|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||2,216.55|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||13.41 (4.49%)|
|1y Target Est||31.77|
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.
Every investor in Lundin Petroleum AB (publ) (STO:LUPE) should be aware of the most powerful shareholder groups...
Norway's oil and gas output will be cut by about 440,000 barrels of oil equivalents per day if workers go on strike from June 4, industry association Norwegian Oil and Gas said on Monday. Altogether nine ...
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 3/7-11 S, targeting the Vinstra and Otta prospects in PL539 in the North Sea. The information was submitted for publication, through the contact persons set out below, at 08.00 CEST on 24 May 2019.
Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November. The company, which has a smaller refining business than rivals, fared slightly better than BP, Exxon Mobil, and Chevron which saw sharp declines in profits partly due to lower refining margins. Equinor's domestic and international oil and gas production units both beat forecasts, while its refining, marketing and renewable energy unit was largely in line with analysts' expectations.
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Swedish oil firm Lundin Petroleum , a partner in Norway's giant Johan Sverdrup oilfield, reported lower-than-expected quarterly core earnings on Thursday as output lagged forecasts. Lundin also said it had applied for exploration acreage in Denmark, bordering the Mandala High in the Norwegian sector of the North Sea, where the company started to drill an exploration well in April.
Strong production performance of 78.8 Mboepd, at the upper end of the guidance range for the quarterRobust EBITDA and free cash flow generationOperating cost below forecast at.
Lundin Petroleum AB (Lundin Petroleum) will publish its financial report for the first quarter 2019 on Thursday 2 May 2019. For the first quarter 2019, Lundin Petroleum will expense pre-tax exploration costs of approximately MUSD 37 and recognise a net foreign exchange gain of approximately MUSD 1.
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway), as operator has agreed the final investment decision to proceed with an extended well test (EWT) on the Rolvsnes weathered and fractured basement discovery on the Utsira High. The Rolvsnes oil discovery is located in PL338C on the southern side of the Edvard Grieg field and is a fractured and weathered granite basement reservoir. The Rolvsnes EWT will be conducted through a 3 km subsea tie-back of the existing Rolvsnes horizontal well to the Edvard Grieg platform, with first oil scheduled in the second quarter 2021.
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed exploration well 7132/2-2, targeting the Gjøkåsen Deep prospect in PL857 in the southern Barents Sea. The well was drilled to a vertical depth of 3,495 metres below sea surface, in late Permian formations, and no reservoir rocks were encountered in this interval. Partners in PL857 are Lundin Norway, Aker BP and Petoro with a 20 percent working interest each.
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The Annual General Meeting of Shareholders (AGM) of Lundin Petroleum AB (Lundin Petroleum or the Company) was held today Friday 29 March 2019 in Stockholm. The Company's and the Group's income statements and balance sheets for the financial year 2018 were adopted and the members of the Board of Directors and the Chief Executive Officer were discharged from liability for the financial year 2018. Before payment, each quarterly dividend of USD 0.37 per share shall be converted into a SEK amount based on the USD to SEK exchange rate published by Sweden’s central bank (Riksbanken) four business days prior to each record date (rounded off to the nearest whole SEK 0.01 per share).
Lundin Petroleum AB (Lundin Petroleum) announces that the offshore installation of the Johan Sverdrup development project has been completed. Following the installation of the riser and drilling platforms in 2018, the remaining topside facilities, consisting of the processing platform and living quarters and the relevant bridge links, have now been successfully installed offshore at the field location, using the single lift Pioneering Spirit vessel. The fully installed Johan Sverdrup offshore facility consists of four jackets and topsides, three bridges to link the platforms, oil and gas pipelines connected to onshore facilities and the cable to connect the field with power from shore.