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OTCMKTS:LNEGY

Lundin Energy AB (publ) (LNEGY) Stock Price, News & Analysis

$42.50
+0.95 (+2.29%)
(As of 05/3/2022)
Today's Range
$42.50
$42.50
50-Day Range
$42.50
$42.50
52-Week Range
$29.05
$45.20
Volume
100 shs
Average Volume
1,032 shs
Market Capitalization
$78.94 billion
P/E Ratio
N/A
Dividend Yield
0.66%
Price Target
N/A
LNEGY stock logo

About Lundin Energy AB (publ) Stock (OTCMKTS:LNEGY)

Lundin Energy AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties primarily in Norway. As of December 31, 2021, it had proved plus probable oil and gas reserves of 639.1 million barrels of oil equivalent (MMboe); and proved plus probable plus possible oil and gas reserves of 799.4 MMboe. The company was formerly known as Lundin Petroleum AB (publ) and changed its name to Lundin Energy AB (publ) in March 2020. Lundin Energy AB (publ) was incorporated in 2001 and is headquartered in Stockholm, Sweden.

LNEGY Stock Price History

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Industry, Sector and Symbol

Industry
Chemicals
Sub-Industry
N/A
Current Symbol
OTCMKTS:LNEGY
Fax
N/A
Employees
494
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Outstanding Shares
1,857,330,000
Free Float
N/A
Market Cap
$78.94 billion
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Nicholas John Robert Walker
    Pres & CEO
  • Mr. Teitur Poulsen (Age 48)
    Chief Financial Officer
    Comp: $1.3M
  • Mr. Daniel Fitzgerald
    Chief Operating Officer
  • Mr. Edward Westropp
    VP of Investor Relations & Communications
  • Ms. Henrika Frykman (Age 45)
    VP of Legal & Corp. Sec.
  • Mr. David Michelis
    VP Commodities Trading & Marketing
  • Mr. Zomo Fisher
    VP of Sustainability
  • Mr. Andrew Holding
    Group Financial Controller
  • Mr. Erik Sverre Jenssen
    Chief Operating Officer of Norway
  • Mr. Halvor Jahre
    Exploration Director of Norway

Should I Buy Lundin Energy AB (publ) Stock? LNEGY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Lundin Energy AB (publ):

  • Lundin Energy AB (publ) has a strong track record of exploration and production in Norway, a region known for its stable political environment and favorable regulatory framework.
  • The company has significant proved plus probable oil and gas reserves, providing a solid foundation for future production and revenue generation.
  • Recent developments in the oil and gas market have led to an increase in commodity prices, potentially boosting Lundin Energy AB (publ)'s profitability.
  • With the current stock price showing resilience in the face of market volatility, investors may see Lundin Energy AB (publ) as a stable investment option.
  • Lundin Energy AB (publ) has a history of strategic acquisitions and partnerships that have enhanced its portfolio and market position.

Cons

Investors should be bearish about investing in Lundin Energy AB (publ) for these reasons:

  • The oil and gas industry is subject to price volatility and regulatory changes, which could impact Lundin Energy AB (publ)'s financial performance.
  • Environmental concerns and the global shift towards renewable energy sources may pose long-term challenges for traditional oil and gas companies like Lundin Energy AB (publ).
  • Geopolitical tensions in key oil-producing regions could disrupt operations and affect Lundin Energy AB (publ)'s production and profitability.
  • Fluctuations in currency exchange rates may impact the company's revenue and earnings, especially in international markets.
  • Investing in the oil and gas sector carries inherent risks related to market dynamics, commodity prices, and geopolitical factors that could affect Lundin Energy AB (publ)'s financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 22, 2024. Please send any questions or comments about these Lundin Energy AB (publ) pros and cons to contact@marketbeat.com.

LNEGY Stock Analysis - Frequently Asked Questions

How have LNEGY shares performed this year?

Lundin Energy AB (publ)'s stock was trading at $42.50 at the beginning of 2024. Since then, LNEGY shares have increased by 0.0% and is now trading at $42.50.
View the best growth stocks for 2024 here
.

How do I buy shares of Lundin Energy AB (publ)?

Shares of LNEGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:LNEGY) was last updated on 7/26/2024 by MarketBeat.com Staff

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