Seeking Alpha

Laredo Petroleum (LPI +4.9%) increases its 2012 production guidance to +35% Y/Y and revises its...

Laredo Petroleum (LPI +4.9%) increases its 2012 production guidance to +35% Y/Y and revises its capital budget to ~$900M. Total production is now expected at 11.2M-11.9M boe, a 35% increase from 2011 and 25% higher than LPI's initial guidance. Projected capex is raised $140M from its previously announced budget.
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