In the past month there has been a steady stream of positive news coming from Laredo Petroleum Inc, cost cutting measures, new Board appointments and improved efficiency have helped build investor confidence. On May 2nd results and earnings were very positive, with higher than expected production for a lower cost. Currently trading at very low P/E 2.13 this stock will attract new money and move higher. Watch for break above $3.40.
Company Description Laredo Petroleum, Inc. is an independent energy company focused on acquisition, exploration, and development of oil and natural gas properties. It operates primarily in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa.