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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Mar. 4, 7:10 PM

Slide #15. Laredo Petroleum, Inc. Secondary Offering

Company: Laredo Petroleum, Inc. (NYSE:LPI)
Date announced: 3/2/2015
Shares Offered: 60,000,000
Date of Pricing: 3/2/2015
Price Per Share: $11.05
Secondary Offering Details: Laredo Petroleum, Inc., a Delaware corporation (NYSE:LPI) ("Laredo" or the "Company"), announced today the pricing of an upsized underwritten public offering of 60,000,000 shares of its common stock for total gross proceeds (before underwriter's fees and estimated expenses) of approximately $663.0 million. The Company has also granted the underwriter a 30-day option to purchase up to 9,000,000 additional shares of the Company's common stock.

Laredo Petroleum is a holding company. Co. is engaged in the exploration, development and acquisition of oil and natural gas properties primarily in the Permian region of the U.S. Co.'s primary exploration and production fairway in the Permian Basin is centered on the eastern side of the basin 35 miles east of Midland, TX and extends 20 miles wide (east/west) and 85 miles long (north/south) in Glasscock, Howard, Reagan, Sterling and Tom Green counties. At Dec 31 2013, Co.'s net proved reserves were estimated at 203.6 million barrels of oil equivalent, with 111.5 million barrels of oil and condensate and 552.7 billion cubic feet of natural gas.
Open the LPI Page at The Online Investor »

Company Name:  Laredo Petroleum, Inc
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding LPI:  27
Total Market Value Held by ETFs:  $51.22M
Total Market Capitalization:  $1.61B
% of Market Cap. Held by ETFs:  3.19%

Open the LPI Page at The Online Investor (in a new window) »

March 4, 2015    7:10 PM Eastern
Quotes delayed 20 minutes

Buy (2.87 out of 4)
37th percentile
(ranked lower than approx. 63% of all stocks covered)
Based on Zacks ABR data;
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