Lpi
Posted: Wed Aug 04, 2021 5:23 pm
Trading like a meme stock, down 20 per cent today
Down 60 per cent from highs, wtf! Never seen anything like this
Down 60 per cent from highs, wtf! Never seen anything like this
For the second quarter of 2021, the Company reported a net loss attributable to common stockholders of $132.7 million, or $10.47 per diluted share, which included a $159.3 million non-cash loss on derivatives.
If you adjust all the bad stuff, yep yeah, they got a profit..Adjusted Net Income1 for the second quarter of 2021 was $22.0 million, or $1.71 per adjusted diluted share.
Most companies are buying back stock not LPI
Sold 714,526 shares for net proceeds of $45.6 million through the Company's at-the-market equity program ...$ 63.82
Debt is up from year end and they have a negative book equity, (154,282 )
A better question is what drove it to 100
It will probably bounce back
The crap hedges will look like good hedges if oil keeps falling