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LPI - Laredo Petroleum: Exactly What Is Going On Here
June, 02 2022 09:17 AM
Laredo Petroleum Inc.
Management increased the free cash flow projection and initiated a share repurchase program. The hedging program remains a concern. But management has promised a riskier program in the future as financial strength improves. The oil percentage of production will increase. Generally, the market views hedging as a zero-sum game. The goal of increasing company profitability and cash flow through a greater percentage of oil production is beginning to get through to the market. For further details see:
Laredo Petroleum: Exactly What Is Going On Here
Stock Information
Company Name:
Laredo Petroleum Inc.
Stock Symbol:
LPI
Market:
NYSE
Website:
laredopetro.com
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