Replies to post #54733 on Savvy Trades and Investments

[value1008]

LPI - there's a very recent S.Alpha article on this one by an objective and ultimately bullish author with a large following (over 6k followers).
https://seekingalpha.com/article/4211381-laredo-petroleum-buy-52-week-lows

66 comments on it, so there's some really good pro-con discussion.

[SSKILLZ1]

LPI

I increased my position this morning by 150%, one thing I didn't bring up of why I like it too, and actually makes it cheaper. In reality they are not paying taxes for the next 1.7 billion, but for whatever reason their adjusted eps is allready taxed. These guys are sure super conservative with their adjusted eps. I think that makes LPI even look cheaper that the 1.11 and 1.47 respectively are fully taxed as well. Eventhough In reality they are not paying taxes anytime soon, I added at $6.23 nd $6.14 today FWIW. All is just my opinion, and I could always be wrong though.

[researcher59]

LPI -.23 to 4.92, what's wrong with this stock ??? The last time it was under $5 was back in February 2016 when crude oil bottomed at $29/bbl and the company was reporting huge losses.

I have no position, but it sure looks oversold at this point !

[novicetrader]

LPI...SSK, after what happened today with PVAC(which was your earlier favorite), are you now thinking of concentrating more on LPI? Or do you have other O&G plays in focus?Thanks.

[researcher59]

LPI (5.46) posts Q3 adj EPS of $0.27 missing estimates by a penny .... guides y/y oil production growth lower to 7.5% -

Any thoughts on the quarter ?

I have no position.

briefing -

Laredo Petroleum misses by $0.01, reports revs in-line; increases production guidance (5.46 +0.17) :
Reports Q3 (Sep) earnings of $0.27 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.28; revenues rose 35.9% year/year to $279.7 mln vs the $276.95 mln S&P Capital IQ Consensus.
Produced a Company record 71,382 barrels of oil equivalent (BOE) per day, an increase of 19% from third-quarter 2017. Increased cash flows from operations to $145.9 million, balancing operating cash flows with capital expenditures. Increased Adjusted EBITDA to $160.6 million, up 23%.
The Company is increasing its anticipated full-year 2018 total production growth guidance to ~17% and reducing oil production growth guidance to ~7.5% as compared to 2017