Laredo Petroleum Inc Is Stacked With Potential
After a couple of years testing wells and developing infrastructure in the Permian Basin, Laredo Petroleum (NYSE: LPI ) now appears set up for fast growth driven by a couple of prime catalysts.
The Permian Basin is quickly becoming a favorite investment area with Concho Resources (NYSE: CXO ) and Pioneer Natural Resources (NYSE: PXD ) grabbing investor attention. The basin is located in west Texas and southeastern New Mexico and provides some infrastructure benefits over other new shale plays. Investors are starting to realize the massive resource potential with the realization of the stacked zones in the play after years of successfully drilling vertical wells.
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