Replies to post #1457 on Laredo Oil Inc (LRDC)

[papadedavid]

HUGE!!!

“To take us to the present, we spent over $100 million on R&D to build UGD, and that’s our long-term strategy. Our short-term strategy focuses on underutilized assets allowing us to come in, operate, increase production, drive down costs and be profitable in the oil business,” See added. “We are acquiring assets that are smaller, but very meaningful to a company of our size … That’s our focus. We’ve been successful in acquiring this acreage and operating these underutilized assets. It’s our approach – simplicity versus complexity. With complexity there’s risk. … Simplicity lets us de-risk. … It’s more executable.”