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.