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DanWebzster

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DanWebzster

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Re: DanWebzster post# 371

Friday, 10/19/2018 12:43:04 PM

Friday, October 19, 2018 12:43:04 PM

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LPI is one of the poorest performing U.S.-based petroleum companies for 2018.

The 2 major reasons for this underperformance are: 1) Their favorable off-take agreement with RDS was terminated 2) Midland WTI plunged as a result of supply bottlenecks in the Permian

Recently, the differential between Permian Basin and U.S. benchmark oil has been shrinking.

H-2/19, new pipelines will begin to relieve the bottleneck

LPI profits have already begun to improve. Earnings growth doubled H1/18 YOY.
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