$Laredo(LPI)$Video: Laredo (LPI): Cheap Earnings with High Guidance Could Skyrocket With Oil Demand Increases
Exiting cheap hedges, should see earnings boost as low price hedges roll off Increased production targets, oil prices are poised to reset higher as SPR repurchases lost reserves and Chinese demand increases. High earnings for the price, we estimated around 5.0x PE, delevering balance sheet quickly.
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