Madison Asset Management LLC Makes New Investment in Lundin Energy AB (publ) $LNEGY

Madison Asset Management LLC purchased a new position in shares of Lundin Energy AB (publ) (OTCMKTS:LNEGY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,345 shares of the basic materials company’s stock, valued at approximately $2,805,000.

Lundin Energy AB (publ) Trading Up 2.3%

Shares of Lundin Energy AB (publ) stock opened at $42.50 on Friday. Lundin Energy AB has a fifty-two week low of $29.05 and a fifty-two week high of $45.20. The stock has a 50 day moving average of $42.50 and a 200 day moving average of $42.50.

About Lundin Energy AB (publ)

Lundin Energy AB (publ) is a Sweden?based independent exploration and production company focused on the upstream oil and gas sector. The firm explores for, develops and produces crude oil and natural gas from offshore fields, primarily using subsea and platform infrastructure. Its activities span the full E&P value chain from exploration drilling and appraisal through field development, production and decommissioning, with a technical emphasis on offshore North Sea operations and long?lived producing assets.

Historically known as Lundin Petroleum, the company rebranded to Lundin Energy in 2020 to reflect its evolving portfolio and strategic priorities.