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Earnings call next week and more importantly revised

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tdeck   Monday, 02/03/20 10:31:28 AM
Re: None
Post # of 108 
Earnings call next week and more importantly revised guidance going forward with the debt sorted for the next few years LPI can now use the excess cash from the restructure to take advantage of the two new oilier fields they picked up for peanuts. The one was a bolt on they walked into it producing 1400 barrels per day already.

Hopefully they can find another cheap property or two from many of the distressed firms out there that need their liquidity sorted now, that debt was a game changer, they are in better financial/business shape than they have been in a couple years. Now they have the time, the resources and the cash necessary weather the storm until a return to 70+ oil, which IMHO will be by fall, we shall see. Make that yearly revenue pop from 1 billion to 1.25 billion would be nice for a start.

A few things another poster on another forum pointed out.

The rigs will move to the new oilier acquisitions.

This strategy change should allow for a very fast cash flow build in the current fiscal year. That cash flow build should offset the higher debt costs and then some.

More acquisitions of oilier acreage are an excellent possibility (especially at distressed pricing).

Look for the percentage of oil produced to climb materially in the current fiscal year while costs are held relatively constant.

The future appreciation potential due to the strategy change is enormous.

Laredo Petroleum (LPI) was very focused on cost management and reserve additions. Now a management change will focus on cash flow and profitable growth.

Peace out.

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