LPI

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dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

LPI

Post by dan_s »

Laredo Petroleum (LPI): An updated profile has been posted under the Watch List tab.

I now have a very high confidence level in my forecast model for this small-cap. They are moving to pad development drilling that locks in ~30% annual production growth in the Permian Basin. It will also generate significant proven reserve growth. They have over ten years of low-risk drilling inventory. It is heavily weighted to crude oil production.
Dan Steffens
Energy Prospectus Group
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