Laredo LPI

[Fraser921]

Laredo LPI ended the year at 60.13.Today it closed at 75.98 for a 2 day gain of 26 %.

I'm totally amazed at the velocity of change.

Everyone on CNBC is recommending energy names. I think fund managers are under weighted in energy and need energy or they won't beat the S & P returns. Be woke and go broke!

Other notables:

Callon with a 17 % gain.
Este with a 13 % gain.
CTRA 10 % gain


Note to self, establish positions last week of December

[dan_s]

Laredo Petroleum (LPI) is the "Highest Beta Stock" in the Sweet 16 because it has an extremely low share count. As of 9-30-2021 the company only had 16,112,000 shares of common stock outstanding.

Per my forecast, operating cash flow should be $27.54/share in 2021 and over $40/share in 2022.

My current valuation is $102 per share.

TipRanks: "On 12-6-2021 Raymond James analyst John Freeman maintained a Buy rating on Laredo Petroleum and set a price target of $85.00. In the last 3 months, 5 ranked analysts set 12-month price targets for LPI. The average price target among the analysts is $79.80"

I will update my forecast/valuation model for LPI on Wednesday.

[Fraser921]

Thanks, Dan

[mkarpoff]

Don't forget ipoof. Pretty impressive.

[dan_s]

InPlay (IPOOF) is definitely my Top Pick in our Small-Cap Growth Portfolio. I will report strong production growth in Q4 and Q1. $5/share is a realistic price target.