Lundin Petroleum AB

Lundin Petroleum is an oil and gas company. Co. has a global portfolio of assets with two main areas located in Norway and South East Asia. As of Dec 31 2014, Co. held close to 70 licences in Norway, with activities across exploration, appraisal, development and production. Co. also operated within several geographical areas, including France, Netherlands, Malaysia, Indonesia, Russia, Sweden and other countries.
  • TickerLUPE
  • ISINSE0000825820
  • ExchangeNasdaq Nordic Stockholm
  • SectorOil & Gas Producers
  • CountrySweden
John Olaisen ...
  • Karl Fredrik Schjøtt-Pedersen

Lundin Energy - Activity to pick up again in H2

Minimal revisions after Q2 Activity picking up again in H2 USD >65/bbl discounted; we keep our HOLD rating

John Olaisen ...
  • Karl Fredrik Schjøtt-Pedersen

Lundin Energy - Q2 slightly soft due to price realization

Production of 162.9kboe/d in line estimates Q2 affected by price realization in tough physical market Limited underlying revisions expected

John Olaisen ...
  • Karl Fredrik Schjøtt-Pedersen

Lundin Energy - Activity to pick up again in H2

Minimal revisions after Q2 Activity picking up again in H2 USD >65/bbl discounted; we keep our HOLD rating

John Olaisen ...
  • Karl Fredrik Schjøtt-Pedersen

Lundin Energy - Q2 slightly soft due to price realization

Production of 162.9kboe/d in line estimates Q2 affected by price realization in tough physical market Limited underlying revisions expected

Eirik Thune Øritsland ...
  • Haakon Amundsen
  • John Olaisen
  • Karl Fredrik Schjøtt-Pedersen
  • Lukas Daul

Sector Report - Crude Quarterly: Market returning to balance

John Olaisen ...
  • Karl Fredrik Schjøtt-Pedersen

Lundin Energy - Running quicker than the oil price

Somewhat soft Q1, spending guidance lowered Potential liquidity boost from regulatory changes Running ahead of the oil price, HOLD

John Olaisen ...
  • Karl Fredrik Schjøtt-Pedersen

Lundin Energy - Adapting to oil prices

Somewhat soft P&L, strong FCF Capex cuts to reflect Covid-19 Regulatory changes could steal the focus

Alexander Aukner ...
  • Helge André Martinsen
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl

Northern Lights

Antti Kansanen ...
  • Christer Magnergård
  • Eivind Sars Veddeng
  • Helge André Martinsen
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Improving sales mix in H2

Antti Kansanen ...
  • Eivind Sars Veddeng
  • Helge André Martinsen
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Helge André Martinsen
  • Jesper Ingildsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Kaland
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Antti Kansanen
  • Christer Magnergård
  • Håkon Astrup
  • Helge André Martinsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Mattias Montgomery
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

LUNDIN ENERGY AB suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.

The independent financial analyst theScreener just downgraded the general evaluation of LUNDIN ENERGY AB (SE), active in the Exploration & Production industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date July 10, 2020, the closing price was SEK 218.30 and its target price was estimated at SE...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Lundin Petroleum - AGM 31 March 2020

In general, Lundin Petroleum is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. ITEMS 11a and 11b are proposals made by shareholders. ECGS recommends to vote FOR ITEM 11a, but does not support ITEM11b. Under ITEMS 15a-15i, the (re-)election of the board of directors is proposed. In view of insufficient independent representation on the board of directors as well as concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the (re-)election of: Mr. C. Ashley Heppenstall (ITEM 15b), Mr. Ian H. Lundin (ITEM...

Expert Corporate Governance Service (ECGS)

Lundin Petroleum, 31 July 2019

In general, Lundin Petroleum is in compliance with the Swedish regulations relating to the organisation and procedures of the Extraordinary General Meeting. Under ITEMS7a-c and 8 approval is sought of a share swap transaction with Norway-based Equinor ASA. In ECGS view, the board of directors of Lundin Petroleum takes an advance on the Company’s future by increasing the level of indebtedness (by 15% up to approximately USD 3.9 billion proforma after the transaction) in exchange for (at this time) uncertain benefits (oil prices ever fluctuate, and production of the Johan Sverdrup field has no...

Expert Corporate Governance Service (ECGS)

Lundin Petroleum, March 29, 2019

In general, Lundin Petroleum is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEMS 15a-15i, the (re-)election of the board of directors is proposed.In light of insufficient independent representation on the board of directors as well as concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the (re-)election of: Mr. C. Ashley Heppenstall (ITEM 15b), Mr. Ian H. Lundin (ITEM 15c), Mr. Lukas H. Lundin (ITEM 15d), Mr. Torstein Sanness (ITEM 15f) and Mr. Jakob Thomasen (ITEM 15h). Under ITEM 15j, t...

Lundin Petroleum AB – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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