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Laredo Petroleum Inc (LPI.N)

LPI.N on New York Stock Exchange

12.89USD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Laredo Petroleum to report qtrly loss on derivatives of about $68.5 mln
Wednesday, 20 Jul 2016 04:30pm EDT 

Laredo Petroleum Inc : At june 30, 2016, for 2017, company had hedged 3,677,375 barrels of oil at a weighted-average floor price of $60.00 per barrel . At june 30, 2016, for 2018, company had hedged 2,144,375 barrels of oil at a weighted-average floor price of $55.98 per barrel . At june 30, 2016, had hedges in place for remaining 2 qtrs of 2016 for 3.7 million barrels of oil at a weighted-average floor price of $67.13/barrel . Schedules Second-Quarter 2016 earnings conference call for august 4 and provides commodity derivatives update .For three months ended june 30, 2016, laredo expects to report a loss on derivatives of approximately $68.5 million.  Full Article

Laredo petroleum files to offer 12 mln shares - SEC filing
Thursday, 14 Jul 2016 06:48am EDT 

Laredo Petroleum Inc : Files to offer 12 million shares of its common stock - SEC filing .Says intends to use the net proceeds from the offering to repay borrowings under its senior secured credit facility.  Full Article

Laredo Petroleum acquires bolt-on Midland basin acreage
Thursday, 14 Jul 2016 06:29am EDT 

Laredo Petroleum Inc : Laredo Petroleum acquires bolt-on Midland basin acreage . Says deal valued at $125 million . Acquisition adds approximately 9,200 net acres . In early July, company hedged 2,007,500 barrels of oil for 2017 . Purchase includes about 300 net barrels of oil equivalent per day of Laredo-operated production from existing vertical wells .Hedged 444,000 barrels of ethane for 2017 at $11.24 per barrel and 375,000 barrels of propane for 2017 at $22.26 per barrel..  Full Article

Laredo Petroleum raises 2016 production outlook to 16.1 - 16.4 mln BOE
Tuesday, 10 May 2016 10:08pm EDT 

Laredo Petroleum : Board of directors has approved a revised capital budget of $420 million for 2016 . Increases estimated 2016 production to 16.1 - 16.4 million boe . Expects to operate three horizontal rigs for entirety of 2016, anticipates drilling approximately 45 to 49 gross horizontal wells . Earth model combined with optimized completions on all wells in 2016 .Laredo Petroleum increases 2016 full-year capital budget and production guidance.  Full Article

Laredo Petroleum prices offering of common stock
Tuesday, 10 May 2016 09:50pm EDT 

Laredo Petroleum Inc : Pricing of underwritten public offering of 9.5 million shares of common stock for total gross proceeds of about$105.9 million .Laredo petroleum prices offering of common stock.  Full Article

Laredo Petroleum announces 9.5 mln stock offering
Tuesday, 10 May 2016 04:10pm EDT 

Laredo Petroleum Inc : Commencement of an underwritten public offering of 9,500,000 shares of its common stock . To use net proceeds from sale of shares of common stock to repay borrowings under its senior secured credit facility .Laredo petroleum announces offering of common stock.  Full Article

Laredo Petroleum Inc gives Q2, FY 2015 production guidance
Thursday, 7 May 2015 06:55am EDT 

Laredo Petroleum Inc:Sees FY 2015 production 15.6 - 16.0 mmboe.Sees Q2 2015 production of 4.0 mmboe - 4.2 mmboe.  Full Article

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BRIEF-Laredo Petroleum posts Q4 loss per share $0.08

* Laredo Petroleum announces 2016 fourth-quarter and full-year financial and operating results