Replies to post #10653 on Viewer's Choice

[littlejohn]

LPI $78, about $170 million of operating income

in 1st quarter 2022 versus about

$71 million of operating income

in 1st quarter 2021...


https://www.sec.gov/Archives/edgar/data/1528129/000152812922000087/a5422laredopetroleumannoun.htm

LPI paid out about $125 million

to settle hedge derivatives...

??, every 1st quarter of each year

sees big paper write off for the

unsettled hedge derivatives...

It is a line item that gripes me

when they pay and account for

hedge derivative costs each quarter...


1st quarter 2022 oil production at

about 40,295 barrels per day or

about 66% increase...


Noticed in investor presentation that

some natural gas hedges were added

for 2023 year...


So we watch...LJ

[littlejohn]

LPI $78, would have made about $6.77/share

without non cash charge for

derivatives in 1st quarter, 2022...

11.95 - 5.18 = 6.77 shown below...

https://stocktwits.com/JohnTrades00/message/456904287

that john trades is trying to

poor mouth with the non-Cash

accounting numbers...

Was hoping for closer to $8

on that number, but it ain't

no selling miss for me...

Just have to hold while they

muddlle thru the tough times...


So we watch...LJ

[littlejohn]

PED post link you may find interesting...

https://stocktwits.com/PistolPetey/message/457519084


DD is important...

so we watch...LJ

[littlejohn]

AXAS 1.80, should have exceptional first quarter

results coming out soon...

And make current price look

like a deal...

Low share count...

https://www.otcmarkets.com/stock/AXAS/security

Started 2022 at about 2,000 BOE

of production per day...

https://www.mrt.com/business/oil/article/Abraxas-restructures-into-pure-play-Delaware-16754319.php

Might hold the 2,000 BOE production

rate for 1st quarter, or could increase

it depending on cap ex put in play...

AXAS could make about $60/bbl.

on BOE production in 1st quarter, 2022,

LPI made almost $59/bbl on BOE in

1st quarter on unhedged basis...

AXAS is Unhedged...

My own Guess is about .40 per

share or so of EPS, because not much

Cap ex spending could get put into

play until 2nd quarter of 2022...

Only a Guess by me...

AXAS could be a $10 to $20 per

share company in a $2 Suit now...


Before much higher oil and gas

price in 2nd quarter rolled in...


https://www.investing.com/commodities/crude-oil-streaming-chart


So we watch...LJ