Vital Energy Inc (VTLE)

[tdeck]

This is like a gimme it's so easy.

Oil prices ranged higher than at any time the previous year and NG had not been taken down yet, it even spent a month in the 2.60's.

Yet again they will surprise, this one and $MR are the two no brainer plays from the bottom as they get pushed down beyond all common sense reasoning.

This matters more than anything else and added to sorting the debt with later notes and the two new "oilier" properties they just got that will be cheaper/easier to get online forget about it.

Laredo Petroleum tops full-year production outlook
Jan. 6, 2020 8:54 AM ET

Laredo Petroleum (NYSE:LPI) Both oil and total production guidance for FY 2019, producing an average of 28.4K bbl/day of oil and 80.9K boe/day, marking respective Y/Y gains of 2% and 19%.

LPI also says it topped both oil and total production guidance for the fourth straight quarter, with 27.3K bbl/day of oil output and 84K boe/day of total production, "driven by consistent operational efficiency gains that positively impacted cycle times and wider-spaced well packages that averaged 16% better than the company's oil type curve for Upper/Middle Wolfcamp wells on [its] established acreage."

The company says its total proved reserves rose by 23% Y/Y to 293M boe, partially driven by results from wells developed with wider spacing vs. wells developed in 2018 with tighter spacing.