the oil Company Lundin Petroleum is the best in its class. It mean at least the Barclays in an up-to-date analysis.
In the analysis praised the oil company for their fine Norwegian assets, which will provide significant lift in terms of production as well as flow all the way into the next decade.
in Addition, points out, the british bank that Lundin company hardly abandoned his eagerness to find new oil by more exploration wells, mainly in the Barents sea.
“Despite the fact that Lundin is so much more than Johan Sverdrup, the company’s share of 22.6 per cent in the field, something that dominates our valuation and the prospect in the medium term because it is the only significant development project,” writes Barclays.
the Bank also highlights that the Lundin-the company may pay dividends even before the Johan Sverdrup field started its production in late 2019 if the price of oil establishes itself over 60 dollars per barrel.
“even though we are aware that the Lundin shares are traded with a premium compared to their european counterparts so we lift our recommendation to overweight from equilibrium with a height price target to 205 sek 195″.
At 11.30 o’clock on Tuesday, had Lundin share price has risen 4 per cent to around 168 kronor.
in Addition to rekommendationshöjning, the company on Tuesday told a oljefynd in the Barents sea. In addition, rising oil prices toward 50 dollars on the hope of an early agreement on the decline in production in the oil cartel Opec.
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