|Bid||277.30 x 0|
|Ask||277.60 x 0|
|Day's range||274.80 - 284.70|
|52-week range||156.10 - 295.40|
|PE ratio (TTM)||158.98|
|Earnings date||31 Jul 2018|
|Forward dividend & yield||4.00 (1.46%)|
|1y target est||27.06|
May.02 -- Lundin Petroleum CEO Alexandre Schneiter discusses the company's earnings and performance. He speaks on "Bloomberg Daybreak: Europe."
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries. Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday. "This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north," Oil and Energy Minister Terje Soeviknes said in a statement.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded three exploration licences in the 24th licensing round in Norway. The awarded licences are all located in the southern Barents Sea and close to licences already held by Lundin Norway. PL962 and PL965 are located in the Fingerdjupet Sub-basin/Hoop area close to PL722/PL853 and PL960 is located in the Harstad Basin in the southwestern part of the Barents Sea, close to PL695.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has successfully re-negotiated improved borrowing terms in relation to its USD 5 billion reserve-based lending facility (RBL facility). The excellent operational performance over recent years has enabled Lundin Petroleum to re-negotiate some of the key commercial terms within its RBL facility. The interest rate margin has been reduced from 315 basis points to 225 basis points based on current borrowings. ...
Oil companies in Norway are raising their exploration spending more than expected, the head of the country's industry regulator told Reuters on Tuesday. Firms such as Equinor and other operators are now expected to drill around 45 exploration and appraisal wells in 2018, up from an earlier forecast of around 35 for the year, Norwegian Petroleum Directorate (NPD) chief Bente Nyland said. In 2017, companies completed 34 wells off the coast of Norway, western Europe's top producer of oil and natural gas.
Oil companies in Norway are raising their exploration spending more than expected, the head of the country's industry regulator told Reuters on Tuesday. Firms such as Equinor and other operators are now ...
OSLO (Reuters) - The largest labour union representing workers on Norwegian offshore oil drilling rigs has agreed to a new wage deal, it said on Friday, while a smaller union said it would ask its members ...
VANCOUVER/TORONTO (Reuters) - The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp (LUN.TO) and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources Ltd (NSU.TO) is designed to bag the Timok project in Serbia, but it had to bring on a partner to pick up Nevsun's Bisha mine in Eritrea. Lundin Mining's biggest shareholder is a private investment company owned by a Lundin family trust, with a near 13-percent stake, Thomson Reuters data shows.
The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras (PETR4.SA) that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. Last November, state-controlled Petroleo Brasileiro SA, known as Petrobras, launched the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of the heavily-indebted company's plan to offload $21 billion (15.5 billion pounds) in assets through 2018 as it also faces a massive corruption scandal. Petrobras holds half the shares in the company while 40 percent are held by a subsidiary of Grupo BTG Pactual SA and 10 percent by Helios Investment Partners.
** Oil and gas companies among the biggest risers on the Stoxx 600 after U.S. President Donald Trump's Iran deal pull-out pushes oil to its highest since 2014 ** Stoxx Oil and Gas index up 1.7 pct, the ...
Based on the authorisation from the 2018 Annual General Meeting of Lundin Petroleum AB (Lundin Petroleum), the Board of Directors resolved on 3 May 2018 to initiate a repurchase programme. The maximum number of shares repurchased shall be such that shares held in treasury from time to time shall not exceed ten percent of all outstanding shares of the Company. The purpose of the repurchase program is to optimise Lundin Petroleum’s capital structure and to thereby create added value for the shareholders, to secure Lundin Petroleum’s obligations under its long-term incentive plans and to cover costs, including social security charges, that may arise as a result of such incentive programs.
The Annual General Meeting of Shareholders (AGM) of Lundin Petroleum AB (Lundin Petroleum or the Company) was held today Thursday 3 May 2018 in Stockholm. The Company's and the Group's income statements and balance sheets for the financial year 2017 were adopted and the members of the Board of Directors and the Chief Executive Officer were discharged from liability for the financial year 2017. Last day of trading of the Lundin Petroleum share with the right to receive the dividend is 3 May 2018 and the ex-dividend date is 4 May 2018.
Lundin Petroleum CEO Alexandre Schneiter discusses the company's earnings and performance. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
Strong EBITDA, operating cash flow and net result.Free cash flow of approximately MUSD 170.Production above guidance.Operating cost of USD 3.82 per barrel.Positive appraisal result on Luno II with PDO submission planned around the end of 2018. Financial summary1 Jan 2018-31 Mar 20183 months1 Jan 2017-31 Mar 20173 months1 Jan 2017-31 Dec 201712 months Production in Mboepd 83.1 82.6 86.1Revenue and other income in MUSD692.9421.51,997.0EBITDA in MUSD456.5355.81,501. ...
LONDON/FRANKFURT, April 27 (Reuters) - German gas supplier VNG is attracting interest from private equity-backed energy firms including Chrysaor and Point Resources for its Norwegian Norge oil and gas business, which could fetch up to $500 million, three sources said. VNG, which last year hired U.S. investment bank Citi to sell a 51 percent stake in its Norwegian and Danish portfolio, is the latest European utility looking to exit offshore assets on the Norwegian continental shelf, which require heavy investment to develop. One of the sources said Chrysaor, backed by Harbour Energy, an investment vehicle of EIG Global Energy Partners, and Point Resources, which is majority owned by private equity firm HitecVision, would be joined by petrochemicals firm Ineos, which bought oil and gas business from Dong Energy (LSE: 0RHE.L - news) last year, and two more unidentified bidders at the mid-May auction set by VNG.
Lundin Petroleum’s financial report for the first quarter 2018 will be published on Wednesday 2 May at 07.30 CEST, followed by a webcast at 09.00 CEST.
Formerly sceptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices. Oil stocks could begin to close that gap if results live up to lofty expectations, with Goldman Sachs predicting the strongest free cash flow figures in a decade for the sector. Oil is the best-performing global asset this year, with Brent crude up 11.4 percent since January, but energy stocks have continued to lag the commodity.
Formerly sceptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices. Oil stocks could begin to close that gap if results live up to lofty expectations, with Goldman Sachs (NYSE: GS-PB - news) predicting the strongest free cash flow figures in a decade for the sector. Oil is the best-performing global asset this year, with Brent crude up 11.4 percent since January, but energy stocks have continued to lag the commodity.
Lundin Petroleum AB (Lundin Petroleum) will recognise a net foreign exchange gain of approximately MUSD 162 for the first quarter of 2018.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. The Alta discovery is located in PL609 in the southern Barents Sea, approximately 160 km from the Norwegian coastline. The adjacent Gohta discovery located in PL492 is considered a possible joint development opportunity together with the larger Alta discovery.
The shareholders of Lundin Petroleum AB are hereby given notice of the Annual General Meeting of Shareholders to be held on Thursday 3 May 2018 at 1 p.m. (Swedish time). The Annual General Meeting will be translated from Swedish to English and from English to Swedish.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that the Annual and Sustainability Reports for 2017 have been published and are now available to download on www.lundin-petroleum.com
Norwegian employers and labour unions embarked on four weeks' of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe's biggest crude producer. Unlike most years, in which wages are set on an industry-by-industry basis to reduce complexity, the 2018 round rolls a majority of private sector firms into a single negotiation in a bid to resolve a stand-off over pension reform. "We've understood that there is no real will among employers to compromise from the outset," labour union negotiator Asle Reime, who will represent oil workers, told Reuters ahead of the talks.