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home / news releases / LPI - Laredo Petroleum: Significant Upside Potential As It Pays Down Its Debt

LPI - Laredo Petroleum: Significant Upside Potential As It Pays Down Its Debt

Laredo Petroleum Inc.
  • Laredo is projected to generate $365 million in positive cash flow in 2022.
  • It may be able to generate $600+ million in positive cash flow in 2023 at current strip due to reduced hedges.
  • This would bring Laredo's net debt to around $400 million by the end of 2023 and allow it to redeem its high-interest 2025 and 2028 notes.
  • Laredo's stock appears to have a solid amount of upside potential assuming that it can pay down its debt as projected.

For further details see:

Laredo Petroleum: Significant Upside Potential As It Pays Down Its Debt
Stock Information
Company Name: Laredo Petroleum Inc.
Stock Symbol: LPI
Market: NYSE
Website: laredopetro.com
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