Lundin Petroleum raises output forecast after beating fourth quarter forecasts
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OSLO (Reuters) - Sweden's Lundin Petroleum , a partner in Norway's giant Sverdrup oilfield, raised its dividend payment and output expectations on Friday after beating fourth-quarter profit forecasts.Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $695.5 million from $480.7 million a year earlier as Sverdrup came on stream.That topped a mean estimate of analyst forecasts of $613.2 million, Refinitiv Eikon data showed.Sverdrup, in which Lundin holds a 20% stake,..