Laredo Petroleum (LPI) : 9-year performance

Laredo Petroleum (LPI) : 5-year performance

Laredo Petroleum (LPI) looks good today

*** weekly ***

Laredo Petroleum (LPI) - profile

An independent exploration and production company based in Tulsa, Laredo Energy owns 126,500 acres in the Permian Basin in western Texas and 38,000 acres in the Anadarko Granite Wash in the Texas Panhandle and western Oklahoma.

• Raising cash to fund oil and gas production in U.S. shale plays, a focus of intense investment interest for the energy sector and Wall Street alike.
• Web:  http://laredopetro.com/

The company was founded in 2006 by CEO Randy Foutch, 60, a board member at Helmerich & Payne (HP) and Bill Barrett Corp. (BBG) . In 1996, he founded Lariat Petroleum, sold to Newfield Exploraton Inc. (NFX) in 2001.

Private-equity firm Warburg Pincus, members of management and its independent directors, have invested $710 million of equity in Laredo

For the nine months ended Sept. 30, the company reported net income of $104 million and revenue of $371.3 million, compared to $51 million earned on revenue of $157 million in the year-ago period.

Laredo Petroleum (LPI) started trading on the NYSE on 16 Dec 2011

Laredo Petroleum (LPI) started trading on December 15 and rang the opening bell on Dec 16.

Chairman & CEO Randy A. Foutch of Laredo Petroleum rings the opening bell at the New York Stock Exchange on December 16, 2011 in New York City

IPOs this week (12 December 2011) : 11 companies scheduled

11 firms, including social gaming startup Zynga, are expected to launch as publicly-traded companies next week, in potentially the busiest IPO period in four years.

If all firms push through with their IPOs, it would make next week the busiest since November 2007 when 13 companies made their public trading debuts in a single week.

• Zynga leads the pack as the latest in a wave of social media initial public offerings. 
• Jive Software, a social business software platform company. The Palo Alto, Calif.-based company makes software to help businesses set up their own social networks. It had total revenue of $54.8 million for the nine-month period ended Sept. 30 — up 73% from the same period last year. Net losses totaled $38.1 million for the recent nine-month period.  Jive is offering 11.7 million shares at a price range of $8 to $10. The stock is expected to begin trading on Tuesday, the 13th.
• Michael Kors Holdings, the luxury fashion company. It is offering 41.7 million shares at a range of $17 to $19.
• 5 oil or energy companies: Bonanza Creek Energy (BCEI); Sanchez Energy Corp.; Mid-Con Energy Partners (MCEP); Inergy Midstream; and Laredo Petroleum (LPI)
• Luxfer Holdings, a materials technology company; 
• FusionStorm Global, which offers information technology hardware, software and services to businesses; 
• GSE Holding, a maker of containment products in mining, waste management and environmental protection.