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    LUNE   SE0000825820

LUNDIN ENERGY AB (PUBL)

(LUNE)
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Lundin Energy considers sale or merger, Bloomberg reports

11/29/2021 | 01:02pm EST

OSLO, Nov 29 (Reuters) - Swedish oil and gas company Lundin Energy is considering a potential sale, Bloomberg News reported on Monday, citing unnamed sources.

Lundin, which has a market value of about $10 billion, is studying strategic alternatives that could also include a merger or asset disposals, the report said.

"We never comment on speculation," a Lundin Energy spokesperson told Reuters when asked about the Bloomberg report.

The company's shares rose 10% in Stockholm trade.

Lundin's oil and gas operations are all in Norway, where it owns a 20% stake in the Equinor-operated Johan Sverdrup field as well as a range of smaller fields. (Reporting by Nerijus Adomaitis Editing by Terje Solsvik and David Goodman)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -2.02% 247.15 Real-time Quote.6.93%
LUNDIN ENERGY AB (PUBL) -1.47% 361.2 Delayed Quote.12.97%
All news about LUNDIN ENERGY AB (PUBL)
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01/18Lundin Energy Norway AS - Dry well east of the Ormen Lange field in the Norwegian Sea, ..
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01/1810 licences awarded in the Norwegian APA 2021 licensing round
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01/14Moody's Puts Aker BP on Review for Upgrade on Planned Acquisition of Lundin's Assets
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More news
Analyst Recommendations on LUNDIN ENERGY AB (PUBL)
More recommendations
Financials (USD)
Sales 2021 5 269 M - -
Net income 2021 789 M - -
Net Debt 2021 2 802 M - -
P/E ratio 2021 14,0x
Yield 2021 4,38%
Capitalization 11 184 M 11 198 M -
EV / Sales 2021 2,65x
EV / Sales 2022 2,43x
Nbr of Employees 448
Free-Float 54,9%
Chart LUNDIN ENERGY AB (PUBL)
Duration : Period :
Lundin Energy AB (publ) Technical Analysis Chart | LUNE | SE0000825820 | MarketScreener
Technical analysis trends LUNDIN ENERGY AB (PUBL)
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 39,30 $
Average target price 40,30 $
Spread / Average Target 2,55%
EPS Revisions
Managers and Directors
Nicholas Walker President & Chief Executive Officer
Teitur Nols°e Poulsen Chief Financial Officer
Ian Henrik Lundin Chairman
Lukas Henrik Lundin Independent Director
Cecilia Vieweg Independent Director
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