LPI News and Press, Laredo Petroleum Inc. From 06/17/22

Oil and gas stocks concluded their worst week since March 2020, amid fears that interest rate hikes from various central banks around the world could slow global demand. U.S. crude oil futures (CL1:COM) plunged 6.8% on Friday to close at $109.56/bbl in the biggest one-session drop since March...

Camber's CEO suspended his voting rights in Viking to consolidate its financial investments. Camber has proposed the use of equity method in Viking's accounting as opposed to financial consolidation. Viking is a growth-oriented energy company. It has a patented carbon-capture syst...

Energy commodities were muted most of the day Tuesday, with oil (USO) down for the majority of the session, gasoline and diesel lower on the day, natural gas (UNG) flat and thermal coal down over 6.0%. However, bullish notes from Goldman and Jefferies lifted energy equities throughout th...

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. Gener...

Laredo Petroleum (LPI) rallied ~20% Wednesday, after the company announced a $200m share repurchase Tuesday. Along with Q4 results, the company planned to allocated 100% of free cash flow to debt reduction in 2022; however, given the rise in oil prices (USO) and rally in gas prices (UNG), the...

Laredo Petroleum (NYSE:LPI) said its board authorized a $200M share repurchase program, ~14% of the company's current market cap, through May 2024. Laredo (LPI) updated its debt repayment target to ~$700M by year-end 2023 and said it is on track to achieve its targeted net debt to consolidate...

TULSA, OK, May 31, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") today announced that its board of directors authorized a $200 million share repurchase program. The two-year program is authorized through May 27, 2024. Highlights: $200 ...

Studies suggest that index rebalancing anomalies generate excess risk-adjusted returns caused by stock index funds and institutional investors that benchmark the indexes. Four years of research including the most robust 2021 study come to a close on the annual June rebalancing and som...

The higher oil producing acreage is about to show superior results on the quarterly reports. Legacy acreage provides exposure to natural gas pricing improvements as well. The acquired acreage does maintain superior profitability. The percentage of oil production will continue ...

Over the past month, energy commodity prices built on year-to-date gains. However, not all energy equities participated, and the laggards could surprise market observers. Brent oil (CO1:COM) rose 2% over the past month and is up ~46% ytd. US natural gas (NG1:COM) prices rose 9% over the past ...