Laredo Oil Inc (LRDC)

[rhumphre1]

Let's not forget what OPEC's true intentions are..........causing a global melt down to flex their muscle but in reality putting the small guys OUT OF BUSINESS!

http://www.forbes.com/sites/danielfisher/2015/01/16/opec-losing-its-grip-no-the-saudis-are-partying-like-its-1981/

Small oil companies normally do NOT hedge their oil ( if any ) in the HUGE QUANTITIES as the larger oil companies do. They are also usually buried in DEBT and must sell off oil to pay the bills. Many of the big boys are still hedged at $93 to $95+ a BBL and many of them will be holding into early 2016 and then possibly selling it off little by little.

Hence the reasoning as to WHY the smaller companies such as Laredo Oil must keep a close eye on their bottom line if they intend to outlast OPEC and their devious intentions. It appears by their filings that this is what they are doing. I commend management for that foresight and will be watching the PPS reflect it along with the quarterlies.

GL2A.........keeping my eye on this possible " diamond in the rough "!!