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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.


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