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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Jul. 23, 10:55 PM

Slide #16. Laredo Petroleum, Inc. Secondary Offering

Company: Laredo Petroleum, Inc. (NYSE:LPI)
Date announced: 7/14/2016
Shares Offered: 13,000,000
Date of Pricing: 7/14/2016
Price Per Share: $10.70
Secondary Offering Details: Laredo Petroleum, Inc., a Delaware corporation (NYSE:LPI) ("Laredo" or the "Company"), announced today the commencement of an underwritten public offering of 12,000,000 shares of its common stock, subject to market and other conditions. The Company expects to grant the underwriters a 30-day option to purchase up to 1,800,000 additional shares of the Company's common stock. The underwriters intend to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. -updated 7/14- Laredo Petroleum, Inc., a Delaware corporation (NYSE:LPI) ("Laredo" or the "Company"), announced today the pricing of an upsized underwritten public offering of 13,000,000 shares of its common stock for total gross proceeds (before underwriting commissions and estimated offering expenses) of approximately $139.1 million. The Company has also granted the underwriters a 30-day option to purchase up to 1,950,000 additional shares of the Company's common stock.

Laredo Petroleum is a holding company. Through its subsidiaries, Co. is engaged as an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties, primarily in the Permian Basin in West Texas. The Permian Basin is comprised of several distinct geological provinces, including the Midland Basin to the east, the Delaware Basin to the west and the Central Platform in the middle. At Dec 31 2015, Co.'s net proved reserves were estimated at 125.7 million barrels of oil equivalent, with 52.6 million barrels of oil and condensate and 221.95 billion cubic feet of natural gas.

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Company Name:  Laredo Petroleum, Inc
Website:  www.laredopetro.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding LPI:  24
Total Market Value Held by ETFs:  $47.13M
Total Market Capitalization:  $2.11B
% of Market Cap. Held by ETFs:  2.23%
 

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July 23, 2016    10:55 PM Eastern
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