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Stock Market & Financial Investment News

News Breaks
December 9, 2013
07:13 EDTLPILaredo Petroleum announces 2014 capital budget of $1B
Laredo Petroleum announced that its Board of Directors has approved a $1B capital budget for 2014, excluding acquisitions. Approximately 84% of the capital budget is focused on drilling and completion activities, approximately 13% for facilities and 3% for land, seismic and other capital. This development-focused capital program is expected to drive an approximate 30% annual growth in production volumes from the Company's Permian Basin properties. Total annual production for 2014 is expected to range from 12.2M-12.7M barrels of oil equivalent, or approximately 33,400-34,800 BOE per day, on a two-stream basis. Production is expected to be comprised of approximately 58% oil and 42% high British thermal unit natural gas. Laredo has underpinned a portion of cash flow by hedging production with commodity derivative instruments, which currently cover approximately 45% of projected oil production and 30% of projected natural gas production for 2014 with weighted-average floor prices of $87.35 per barrel of oil and $3.00 per MMBtu of natural gas.
News For LPI From The Last 14 Days
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April 16, 2014
10:00 EDTLPIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: A10 Networks (ATEN) initiated with a Buy at BofA/Merrill... Actavis (ACT) initiated with a Buy at Sterne Agee... Allergan (AGN) initiated with a Buy at Sterne Agee... Autohome (ATHM) initiated with a Neutral at Credit Suisse... BitAuto (BITA) initiated with an Outperform at Credit Suisse... Centene (CNC) initiated with a Neutral at UBS... Endo International (ENDP) initiated with a Buy at Sterne Agee... FS Investment (FSIC) initiated with an Overweight at Evercore... Hertz (HTZ) initiated with a Buy at Gabelli... Hilton (HLT) initiated with a Hold at Jefferies... Hospira (HSP) initiated with a Neutral at Sterne Agee... ImmunoGen (IMGN) initiated with a Buy at Canaccord... Impax (IPXL) initiated with a Neutral at Sterne Agee... Imperva (IMPV) assumed with a Neutral at Wedbush... Ingredion (INGR) initiated with an Outperform at Credit Suisse... Laredo Petroleum (LPI) initiated with an Outperform at RW Baird... Lpath (LPTN) initiated with a Buy at Canaccord... MediWound (MDWD) initiated with an Outperform at Oppenheimer... Medivation (MDVN) initiated with a Hold at Canaccord... NPS Pharmaceuticals (NPSP) assumed with a Buy at Canaccord... Nimble Storage (NMBL) initiated with a Market Perform at Raymond James... Regeneron (REGN) initiated with a Buy at Canaccord... Salix (SLXP) initiated with a Buy at Sterne Agee... Sibanye Gold (SBGL) initiated with an Outperform at Imperial Capital... Teva (TEVA) initiated with a Neutral at Sterne Agee... Wipro (WIT) assumed with a Hold at Jefferies.
April 15, 2014
16:43 EDTLPILaredo Petroleum initiated with an Outperform at RW Baird
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07:12 EDTLPILaredo Petroleum sees reporting Q1 loss on derivatives of $31.1M
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April 9, 2014
07:02 EDTLPILaredo Petroleum names Michael Beyer Chief Accounting Officer
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