LPI - the fascinating possible scenario with Laredo for me is its being a ripe candidate for a buyout. In that scenario, Warburg can have all its Fund X shares in LPI liquidated when a big buyer steps in and acquires all shares for a higher price. Warburg's two guys on LPI board would know all about any buyout in the works. That may be why they've not sold the remaining 9M shares in Fund IX.
Someone at S.Alpha posted from Bloomberg this synopsis of a Tudor Pickering analyst note (but i can't find a link for the Bloomberg article that would confirm the contents) that actually mentions Laredo as one of the buyout prospects:
(Bloomberg) --Encana Corp.’s decision to buy Newfield Exploration Co. for $5.5 billion is just the tip of the iceberg for deals involving oil explorers and producers, Tudor Pickering Holt & Co. said Thursday.
More than 10 deals representing about $38 billion in market capitalization “would make sense” heading into 2019, the Houston-based investment bank said in a note to clients. “From an asset consolidation perspective, the Permian will likely be a hot bed of activity next year,” it said, with names like QEP Resources Inc. potentially in the “cross hairs.”
The Encana-Newfield deal was “particularly interesting” because Newfield’s stock was tracking its current estimated production valuation, it said. Other names that fit that category include Carrizo Oil & Gas Inc., Oasis Petroleum Inc. and Laredo Petroleum Inc., according to Tudor Pickering.
Newfield soared in early New York trading following the announcement while Encana plunged. The all-stock deal will create North America’s second-largest shale explorer, according to the companies.
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