Laredo Petroleum: A Low-Cost Permian Producer That Is Ripe For The Picking [Seeking Alpha]
Laredo Petroleum, Inc. (LPI)
Last laredo petroleum, inc. earnings: 2/12 04:30 pm
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US:NYSE Investor Relations:
investor.laredopetro.com
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Source: Seeking Alpha
SummaryNotable private equity firm Warburg Pincus owns 21% of the company and as a result has an economic interest to help Laredo Petroleum and its shareholders realize a profitable outcome.Laredo has hedged its exposure and will realize close to $60 per barrel on 100% of the oil it sells in 2020.Laredo Petroleum currently has $762 million in liquidity and will not have any debt maturities coming due until 2023.With its current hedged exposure in place, Laredo will most certainly stay solvent in 2020 even with oil prices as low as $10-$20 per barrel.Conservative takeout price would likely be at least $2 per share, which implies at least 5x upside from current prices.Laredo Petroleum – A Pure Play, Low-Cost Permian ProducerLaredo Petroleum (LPILike many of its counterparts, Laredo likely could not stay solvent without the hedges it has in place. Laredo’s management team has taken the necessary steps to ensure that Laredo can last as long as possible until a buyer comes along, or oil pr
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