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Share structure is almost exactly the same. Super tight just read the latest filing. I think some good news could push this $.50 to 1$ no problem
I believe the execs also still have options priced much higher than current price. That's actually one of the things I initially liked about this stock years ago. There's definitely some motivation to get this thing over $1.
Looks like 3 years since last share update. But any kind of promising news and $1 could be reached quickly.
Not sure what the float is these days but the free trading shares were less than 19 million I believe last year. Insiders had most of the 55M OS locked.
Agreed. If they ever do, that 55 mil. OS looks very attractive.
So true, but these are unusual times.
Gonna take a lot more effort from these guys and they’ve basically never cared to promote their ticker. It’s certainly a good setup but this market is dead right now too.
I'm thinking at least a buck and a quarter.
And then you held it when it went to almost 20?
Well, I backed up the truck when it was below a nickel, so your condolence is nice but not apropos.
Sorry about your bag
I expect more news shortly and probably a large spike in price.
I've been here since the last run up over .50 and crude is much more expensive now.
another move is brewing, spec oil starting to heat up again
Q is out. Still a million bucks in cash on the balance sheet. Oil to be pumping soon!!
spec oil plays are the 'in' thing again ... follow the $$$$$$$$$$$$$
See you again this time next year. Another 12 months to load up.
Nice Cup and Handle forming on the 1 month/3 month chart. as the war in Ukraine drags out, WTI Oil will Rise accordingly
spec oil in play todey $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Laredo Oil Inc. is an independent Exploration and Production (E&P) Company engaged in the acquisition, production and re-development of oil using a unique Enhanced Oil Recovery (EOR) Application in Depleted and Mature Oil Fields. The Company's primary focus is on increasing domestic production from proven oil fields. The process began with oil field screening and selection. We pursued oil fields with a minimum of 25 million barrels of estimated recoverable oil. There are 6,500 fields in the US (with an addressable market at 18 B bbls); 14,500 fields worldwide; with 100+ stranded oil fields identified by Laredo as qualified for UGD recovery. At first when the Company acquires a targeted oil field, we will continue to operate the producing field and expect to generate revenue and profit from doing so. Then, Laredo's tool is to apply its Underground Gravity Drainage (UGD) process. The UGD method in the field starts with gaining underground access, then implementing traditional, proven underground mining machinery to drill upwards from beneath the target oil field, where closely spaced wellbores can be drilled up into the reservoir, using gravity to then drain the targeted reservoir through the wellbores. Once development of the underground chamber and the UGD method is prepared for operation, the conventional wells will be capped after UGD production has begun. A combination of increased well spacing and Gravity Drainage is used to drain the remaining mobile oil. The Hyper Down-Spacing enables accelerated production across the entire field. This method is applicable to mature oil fields that have very specific geological characteristics. This Business Process significantly increases well count and radically reduces Capital and Operating cost per bbl: $8 average cost vs. industry average of $35+ per barrel for Enhanced Oil Recovery projects. Some wells can materially increase the field oil production rate from prior periods and recover amounts of oil equal to or greater than amounts previously recovered from the mature fields selected. As such, this Business Process can produce oil equal to or greater than the historical cumulative production in the field. This solution boasts highly predictable production and high scalability. The effect of such operations should result in minimal disruption of oil production from our field investments.
You would have to be an idiot to make an attempt to short this with the share structure from down here and the way it can move. Plus 99% of people don’t even have a broker that can short it. Weird buying for sure though
Amazing reversal today. Low .07 and ripped!!
Shortinus sqweezinus is the Latin term for today's buying craze or somebody knows something.
That’s still not a reason for a lack of ability to promote your ticker…especially with this share structure. Most of these pieces of shit don’t make money.
They are in the red every quarter, it looks like they can't make any profits
Does anyone know their output (barrels per day)? TIA
Someone wants in today with some size!
These people just don’t understand what to buy without being told and even the “tellers” don’t understand
Seems like in the OTC, long term investing is defined as 2 days.
.25 to sub .10 in ten days. Trash as usual
I know they hired IBN. However call the company and tell them to hire someone to write press releases. Call and complain everyone should call and complain if you are a shareholder call and complain they are clueless.
I guess they considered that a "Press Release Enhancement" ...
Fyi .. im playing the oil spec sector. . Expect this to go again as oil heats up
LRDC: IBN (InvestorBrandNetwork) will receive $19,000 per quarter for a total of 365 days from LRDC for IBN Core Solutions, Brand Awareness Distribution (BAD), Corporate Communications, News & Editorial Syndication, Press Release Enhancement and Social Media Solutions provided by IBN (InvestorBrandNetwork) and family of 50+ brands, please read entire IBN Disclaimer for FULL Compensation Disclosures.
https://www.investorbrandnetwork.com/disclaimer/
Have you called the company and spoken to them? Tell them your disgust with the lack of communication and terribly written press releases?
WTI moving back up, oil back in play. Vatching her.e
Nope. Back into hibernation until single digits come back. Same old story.
patiently vaiting for the broader oil markets to turn back up again ... anytime now .. LRDC vill follow it
This stock is very maddening, despite the potential. Probably back to .08 by Friday.
low volume ... next week oil vill spike again.
Basically. Terrible Twitter traders who thought they knew based on February of last year…they are gone and bagged out their sheep. Rule changes. Dilutive CEO’s. They’ve all killed it for now. Just no real liquidity in this market.
It seems like nothing makes any "long term" sense in the OTC the past 12 months.
Except it’s just going down every day back to where it was.
Exactly:) ..as people can see no dilution, no share dumps. Bonzaiii ... as.oil goes back up so will LRDC
This wil follow oil, as oil spikes so will LRDC
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