By Graham Summers, MBA
Do you know the Lundins?
Unbeknownst to most U.S. investors, a single family has been behind many of the largest natural resource discoveries and natural resource deals of the last 45 years.
Since 1976, they’ve discovered the largest natural gas field in the world, oil fields that have generated more than 300 million barrels of oil, and several of the world’s largest gold deposits.
They all became billionaires in the process.
Today, this family controls 12 companies located in the U.S., France, Russia, China, and more. Every year they produce more than a billion dollars’ worth of oil, gold, uranium, nickel, and diamonds. Their name is the Lundins. And just like the Rockefeller or Carnegie empires, their fortunes began with a single self-made man: Swedish patriarch, Adolf Lundin.
If you’ve never heard of Adolf Lundin, it’s not surprising. The self-made Swedish billionaire invested primarily in natural resource companies outside of the U.S. Because of this, his name is rarely known outside of natural resource investing circles.
However, to anyone involved in natural resources investing, Adolf Lundin is something of a god. Between 1976 and 1999, Adolf Lundin made four of the largest natural resource discoveries in history. In 1976, he discovered the North Gas field offshore of Qatar: then the largest natural gas field in the world.
This alone would cement the name Lundin in the pantheon of great resource discoverers.
However, Adolf’s success was only beginning. In 1998, he discovered both the En Naga oil field (a 100-million-barrel discovery in Libya) and Block PM-3 (a 144-million-barrel discovery offshore of Malaysia). The following year, at age 67, he discovered the Thar Jath oil field: a 150-million barrel discovery in Sudan.
These discoveries made Adolf famous. But it was his ability as a dealmaker that made him rich. The natural resources industry is typically split between two groups: the financiers and the geologist/ explorers.
Adolf Lundin was both.
He built up Lundin Oil and sold it in 2001 for $480 million. Musto Exploration, a gold company he owned shares in, was sold to Rio Aglom for $500 million. And another gold company, Argentina Gold, went to Homestake for $300 million. By the time he retired from exploring, Adolf was a billionaire. And he’d made many investors fortunes as well.
It sounds almost too simple, but anyone who bought shares in Lundin’s companies and held long-term would have made a fortune. Investing in natural resource companies, more than any other sector, is about putting your money with the right people.
On the one hand, you need expert geologists and wildcatters capable of discovering major finds. But you also need knowledgeable financiers who can put together the capital to start production or arrange a buy-out. Since Adolf Lundin was talented at both, his involvement in a company almost always resulted in large profits.
Adolf passed in September 2006. Today, the Lundin Group is run by two of his sons, Lukas and Ian. Both were brought into the family business at a very early age: by the time they were ten, it was decided that Lukas would manage the company’s minerals business segment while Ian would handle the oil segment.
I recently told subscribers of my Private Wealth Advisory newsletter about an “off the radar” Lundin project that 99% of investors don’t know about. It’s a small company that owns the rights to 5km of land in one of the richest environments for natural resources in the world.
The company has released the initial results of its drilling program in January of 2022… and they are astounding… as Lukas Lundin puts it… the potential of this project is “unparalleled” to anything he’s seen in his 40+ year career.
That’s quite a statement from a man who has literally made BILLIONS of dollars investing in natural resources.
Private Wealth Advisory subscribers just began building a position in this company yesterday. Already they’re up. And I fully expect them to see triple digit returns from this company when it’s all said and done.
To find out what it is, all you NEED to do is take out a trial subscription to Private Wealth Advisory.
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