Laredo Oil Inc (LRDC)

[1flaguy]

Yup there be OIL!!!

[Twotone]

News!
https://www.prnewswire.com/news-releases/laredo-oil-preparing-midfork-well-for-production-302204342.html

[1flaguy]

Thanks but I have been in and out for over 8 years. Trading it thankfully. But.. now it has real potential

[lager]

Congrats on your patience with this one.

[1flaguy]

Huge news for the first time in history there should be oil flowing shortly and revenues coming in.

[lager]

This is holding really well.

[morokoy]

:https://www.prnewswire.com/news-releases/laredo-oil-announces-permit-issuance-for-midfork-well-302131834.html

The expectation is that the Reddig 11-21 well will spud in early June of 2024 and be in production by mid-summer."

[morokoy]

10q filed.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1442492/000119983524000169/lrdc-10q.htm

[BEIJING BILL]

Like McDonald's says "I'm loving it"

[BEIJING BILL]

Exactly

[lager]

Black gold. Texas T.

[BEIJING BILL]

Greet times ahead. Oil beby, black gold

[abazaba375]

That is awesome I been around a while I could have bought .06 twice lol funny I bought alPP twice at .04 sold .09 each time second time could have been 9.00 lmao

[BEIJING BILL]

Everything in oil going to go up .. sanks to Iran, Israel, Hamas middle East turmoil.

[Twotone]

I want to give it couple of years.

[1flaguy]

Are you profitable ? Are you selling?

[Twotone]

I too have been in this for years my bag holding is extremely far behind me.

[lager]

There she blows.

[1flaguy]

Thank you for the kind words. I’ve been in this thing for years and years. Although I traded it well. This is the big run. There are real buyers everywhere. It still looks amazing and has a lot more room to go. Now we just need revenues and earnings and off to the races!!

[abazaba375]

Hos is this happening lol again wow just wow what a move I almost rebought .06 should a would a could lol congrats again to yall this is so nice for the ofc rn

[lager]

Good steady creep up this time and not just a fluke run.

[1flaguy]

Very possible. This is just the beginning. Very smart buyers the last 2 months. Chart looks fantastic. Highest weekly close in 10 years.

[lager]

Very nice

[BEIJING BILL]

💯. Going long here until Yankee Doodle Dandy day July 4th.

Gonna go quadrupls from here.

[1flaguy]

Agreed i think 1-3$ is possible

[Mr_Baby]

I have a feeling these are still baby moves. Not too many eyes on this one, yet.

[1flaguy]

Call Brad and ask him…

[morokoy]

I would also like to know how many entities are under Laredo. First we heard of Lustre, then Hell Creek, and Cat Creek also seems to be in there. And finally there is Erehwon and Laris and Lipson.

[morokoy]

Damn, I missed that one 03/12/21. I got in on 01/08/21 $.07 and 01/19/21 $.06
At least those first 2 wells were a success. A good enough taste that Texakoma thinks it is worth the risk to go for another 8.
What I would love to know is the drilling schedule.

[1flaguy]

Good analysis. However, that day was a pump from a room. It traded almost no volume at $.60. I watched every tick. Anyone who bought it back then is most likely out took the tax loss. I believe this was some restricted stock that was coming off restriction for many years. Today will be a very interesting day and the rest of the week.

[Mr_Baby]

It seems there was a seller pushing down from $0.6 range. Probably someone holding from March 12th 2021, the dollar traded volume that day was about $6million. The high of that day was 0.59...It might take some time to churn thru $0.6...not much resistance after. This is all I see from reading the chart.
Good luck

[1flaguy]

Doubt it. I bought a bunch back today that i sold.45-60 There was a seller looked like we cleaned him out

[willlbone]

Back to the mid teens.

[1flaguy]

Yes, I have. I have seen probably three or four over the last 10 years. However, this time is totally different. This time could be the real one. They shoulld have real revenues earnings and free casual. The potential for significantly higher prices here is just huge. How high could it go? I have no idea 1$ 3$ 5$… time will tell.

[lager]

You've done well on this one over the years. How many runs have you seen?

[Mr_Baby]

Totally agree with you. I see the same thing.
Current MarketCap of only $40mil.. 5x - 10x run in here expected

[Mr_Baby]

Laredo Oil Announces that Texakoma Exercised its Option to Drill Eight Additional Wells under Existing Development Agreement
https://www.otcmarkets.com/stock/LRDC/news/story?e&id=2796054

[1flaguy]

Based on what I think should be significant free, cash flow revenue and earnings. I think this is has a potential to go much higher than a dollar. The price action is showing significant buyers in size on the bid and taking the offers. If someone is buying 100,000 shares now between .45 and $.50. they obviously think it’s going much higher. Just my opinion. Hold on for the long run

[morokoy]

https://finance.yahoo.com/news/laredo-oil-inc-announces-agreement-131200731.html

[Mr_Baby]

Looks like $1 should approach soon. Take a look at details of the price action from Friday (3/8). Constant buying at the BID with very small hits on the ASK to scare people into selling.
https://ih.advfn.com/stock-market/USOTC/laredo-oil-pk-LRDC/trades

[1flaguy]

Yea probably headed to $1

[Mr_Baby]

Sucking-up shares in turbo mode.
Any idea what is going on in here?

[lager]

Very nice

[1flaguy]

1$ is certainly doable!! We just wait now for some earnings and free cash flow!!

[lager]

Been holding well. $1s in the future?

[Zardiw]

$LRDC - #8KSpy Alert Video:

Z

[lager]

Nice.

[Mr_Baby]

Looks like that indeed.

[1flaguy]

Lots of great things happening here. The future looks very bright!

[Mr_Baby]

Buys keep coming in. Good looking chart in here.