Laredo update
Posted: Tue Oct 18, 2022 4:28 pm
https://investor.laredopetro.com/static ... 5324207eab
Big miss, way off q4 numbers and higher cap ex
stock down 7 % after hours
No wonder the COO left!
Major redo in model as q 4 production will be down 9 %
Cap Ex higher
Cost higher &
Production 9 % lower in q4
Bought stock back $10 higher than current price , wasting 2.5 m
Oh, and crap hedges
Big miss, way off q4 numbers and higher cap ex
stock down 7 % after hours
No wonder the COO left!
Major redo in model as q 4 production will be down 9 %
Cap Ex higher
Cost higher &
Production 9 % lower in q4
Bought stock back $10 higher than current price , wasting 2.5 m
Oh, and crap hedges