Lundin Petroleum shares sink in Stockholm trading after the oil explorer cut resource...

|By:, SA News Editor

Lundin Petroleum shares sink in Stockholm trading after the oil explorer cut resource expectations for the giant Johan Sverdrup discovery off Norway. A Swedbank analyst says the reduced outlook is "clearly negative and undoubtedly below market expectations," adding it also was negative news for Sverdrup partners Statoil (STO) and Maersk Oil.