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Also, it hedged its position for 2016 and 2017. For 2015, Laredo Petroleum’s estimated production growth is less than 12%," according to Gordon Kristopher at Market Realist. TheStreet Ratings team.
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On the surface, that report looked just fine. Laredo reported adjusted net income of $33.1 million, or $0.13 per share, which matched analysts’ expectations. Further, the oil driller noted that.
The interesting thing about this move today with regards to Laredo Petroleum is that it has no "dog" in the Canadian oil production fight. Nearly all of the company’s oil and gas production takes.
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