Lundin Petroleum CEO on Q2 Earnings, Dividend, Costs

The video features an interview with Alex Schneiter, CEO of Lundin Petroleum, discussing the company's strong performance in the second quarter, including revenue and production guidance. The conversation covers the outlook for oil prices, influenced by global demand, OPEC discipline, and shale oil production. The company plans to use its significant free cash flow for growth and shareholder dividends. Despite low operating costs, there is potential for cost inflation as oil prices rise.

What was a key factor in the company's ability to reduce costs?

• Reduced workforce

• New technology investments

• Increased marketing efforts

• High production efficiency

What has contributed to the strengthening of oil prices according to the CEO?

• Decreased global demand

• OPEC's strict discipline

• New oil discoveries

• Increased shale oil production

How has the company planned to use its significant free cash flow?

• Increase employee salaries

• Expand into new markets

• Focus on growth projects and dividends

• Invest in new technology

What is a potential consequence of higher oil prices mentioned in the transcript?

• More oil discoveries

• Lower global demand

• Increased industry costs

• Decreased production efficiency

What is the company's record low operating cost per barrel for the first half of 2018?

• $5.3

• $2.3

• $4.3

• $3.3