An Interesting Pure Play in the Permian Basin
It might sound counterintuitive to buy a company after it encounters multiple operational issues, but in some situations the quality of assets and management team warrant such a move. In the case of Laredo Petroleum Holdings (NYSE: LPI ) , the company has fantastic acreage in the suddenly hot Permian Basin. Note that Pioneer Natural Resources (NYSE: PXD )
has suggested the Permian Basin contains more than 50 billion barrels
of oil equivalent, making it the largest domestic oil field. Laredo also
has an executive team that has developed and successfully sold multiple
exploration companies in the past.
Read the full article here.
Disclosure: No position mentioned. Please review the disclaimer page for more details.
Read the full article here.
Disclosure: No position mentioned. Please review the disclaimer page for more details.
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