LPI: Laredo Petroleum Holdings, Inc. Instablogs

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Tuesday, May 21, 8:37 AM Laredo Petroleum (LPI) says it is selling all its Anadarko basin assets and properties to EnerVest (EOSOF.PK) for $438M. During Q1, LPI's Anadarko production was ~4.9B cubic feet of liquids-rich natural gas and ~49.6K barrels of crude oil and condensate; estimated proved reserves were 162B cubic feet of natural gas and 1.5M barrels of crude. Comment! [Energy]
Friday, May 17, 9:48 AM Laredo Petroleum (LPI +4.2%) is started with a Buy rating and $23 target price at Topeka Capital, which thinks the market is undervaluing its Anadarko Basin assets: "The story may require patience to get the balance sheet in shape and asset value to be realized, but we believe this could evolve sooner rather than later." Comment! [Energy, Quick Ideas, On the Move]
Thursday, May 9, 7:49 AM Laredo Petroleum (LPI): Q1 EPS of $0.11 misses by $0.01. Revenue of $163.7M misses by $4.75M. (PR) Comment! [Earnings, Breaking News]
Wednesday, April 17, 12:57 PM Energy stocks (XLE -2.8%) trade well below the broader market as crude oil futures plunge after a surprising drop in U.S. distillate supplies and a smaller drop in crude supplies than API data showed. With the U.S. dollar substantially higher, analyst Tariq Zahir sees crude continuing its downward trend. Refiners: VLO -3.9%, TSO -5.6%, PBF -6.3%, CVI -6.8%. Big losers: LPI -5.4%, HLX -5.9%, PDS -6.5%, PWE -5.8%, KOG -4.4%. Comment! [Energy, On the Move]
Tuesday, March 12, 7:19 AM Laredo Petroleum (LPI): Q4 EPS of $0.11 in-line. Revenue of $152.4M (-6.2% Y/Y) misses by $7.2M. (PR) Comment! [Earnings, Breaking News, Energy]
Monday, December 17, 2012, 2:48 PM Laredo Petroleum (LPI -0.6%) announces a 2013 capital budget of $725M, primarily toward development drilling of its 142K acres in the Permian Basin. Production volumes for 2013 are expected to increase ~15% Y/Y to 12.6M-13.1M boe. Comment! [Energy]
Tuesday, November 20, 2012, 2:39 PM Laredo Petroleum (LPI -4.1%) is downgraded to Market Perform with a $22 price target (from $27) at BMO Capital on concerns over the pace of spending and what it could mean in terms of increased leverage on an already-leveraged balance sheet or a lower planned growth rate, all while still outspending cash flow. Comment! [Energy, Quick Ideas, On the Move]
Friday, November 9, 2012, 7:44 AM Laredo Petroleum Holdings (LPI): Q3 EPS of $0.10 misses by $0.03. Revenue of $144.7M (+9% Y/Y) misses by $1.6M. (PR) Comment! [Earnings, Energy]
Monday, October 8, 2012, 4:31 PM Laredo Petroleum (LPI) announces a secondary public offering of 12.5M common shares by its majority stakeholder, Warburg Pincus, that will receive all proceeds; no shares are being sold by the company or its management. 1 Comment [Energy]
Wednesday, June 6, 2012, 11:21 AM 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. Comment! [Energy, On the Move]

LPI Laredo Petroleum Holdings, Inc.

LPI

Laredo Petroleum Holdings, Inc.