Laredo Oil Inc. LRDC Archives - Page 2 of 3

ThursdayMay 05, 2022 9:34 am

Laredo Oil Inc. (LRDC) CEO Talks Niche, Strategy in Bell2Bell Podcast

LRDC Exec Mark See discussed management, focus and strategy during recent podcast interview Short supply, increasing demand means simple business plan Laredo is acquiring assets that are “smaller but meaningful,” says CEO Laredo Oil (OTC: LRDC) chair and CEO Mark See was the featured guest in a recent Bell2Bell Podcast (https://ibn.fm/2e8xL). A seasoned veteran of the oil and gas sector, See talked shop with host Stuart Smith throughout the interview, discussing Laredo management, focus and strategy. “Our business is very simple. . . profitably produced domestic oil – that’s our business,” See said. “The executives and board members of Laredo…

MondayMar 28, 2022 2:50 pm

QualityStocksNewsBreaks – Laredo Oil Inc.’s (LRDC) Management Creating a Culture of Success

Laredo Oil’s (OTC: LRDC) management team boasts an impressive lineup of experienced veteran leaders, which is positive news amid revelations that strong executive leadership is a high priority for employees in the oil and gas industry. The latest Rigzone Ideal Employer Survey’s respondents ranked “strong executive leadership” fifth out of 23 attributes employees in this industry look for in their employer. According to observers, the relationship between a company’s mission and day-to-day actions, decisions, as well as the executive team’s communication shapes the performance and culture of the business. And given that teams often take their cues from senior management…

WednesdayMar 16, 2022 2:04 pm

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Looking to Contribute to Projected Increase in US Oil Production

Laredo Oil (OTC: LRDC) is in a strong position to benefit from the forecasted growth in domestic crude oil production. The U.S. Energy Information Agency (“EIA”), in its February 2022 Short-Term Energy Outlook (“STEO”), projected that crude oil prices will remain high enough to drive U.S. crude oil production to record-high levels in 2023, reaching a forecast 12.6 million barrels per day (“b/d”), up 760,000 b/d from 2021. “Laredo is looking to contribute to increased oil production. The company’s strategy involves a focus on unlocking value when others have overlooked it, emphasizing free cash flow that allows the company to…

MondayMar 14, 2022 9:45 am

Laredo Oil Inc. (LRDC) Executive Team Bring Decades of Expertise, Insight to Growing Oil, Gas Production Company

Employer survey respondents rank “strong executive leadership” in top-five of key attributes they look for in ideal oil and gas employer Company’s executive team intrinsically shapes culture, performance of the broader business Laredo executives bring depth, breadth of experience to their various roles Strong executive leadership is a high priority for employees in the oil and gas industry, according to the latest Rigzone Ideal Employer Survey (https://ibn.fm/aZZhe). That’s good news for Laredo Oil (OTC: LRDC), an oil and gas exploration and production (E&P) company, whose management team boasts an impressive lineup of experienced veteran leaders. “There’s a saying that a company…

FridayMar 11, 2022 9:45 am

Laredo Oil Inc. (LRDC) Establishing Foothold in Domestic Crude-Oil Production Space, Continuously Increasing Montana Acreage Position

EIA projects that crude oil prices will remain high enough to drive U.S. crude oil production to record-high levels in 2023 The agency observed that crude oil prices have generally increased since April 2020 Laredo has historically leased 23,739 mineral acres in the Western Williston Basin of Montana The company recently purchased 2,361 additional mineral acres, bringing the total Montana leased acres to 26,100 The U.S. Energy Information Agency (“EIA”) is looking for domestic crude oil production to reach record-high levels in the next two years, according to its February 2022 Short-Term Energy Outlook (https://ibn.fm/ZKHa3). Oil and gas exploration and…

ThursdayMar 10, 2022 10:51 am

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Receives Drilling Permit for Drilling Northeast Montana Project

Laredo Oil (OTC: LRDC), an exploration and production company specializing in conventional and enhanced oil recovery techniques targeting mature and declining oil fields, was granted a drilling permit to drill an initial well in the Lustre Oil Field. The Lustre project is in the Western Williston Basin of Montana. Specifically, the permit allows the Olfert 11-4 well to be drilled with 80-acre spacing on oil interests owned by Lustre Oil Company LLC, a subsidiary of Laredo Oil. The company also announced that it is in the process of raising $20 million; that funding will be used to develop LRDC’s 10-well program.…

ThursdayMar 03, 2022 12:04 pm

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) CEO Discusses Strategic Business Model in Bell2Bell Podcast Interview

Laredo Oil (OTC: LRDC), an oil and gas exploration and production company, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. Mark See, chairman and CEO of Laredo Oil, joined the latest episode to discuss the company’s business model and operations. “Our business is very simple. … Profitably produced oil – that’s our business,” See said, further expanding on Laredo Oil’s strategy to stand distinct in the market. “Our niche was two-fold. We’ve identified over 20 billion barrels of oil in the United States that the majors…

ThursdayFeb 17, 2022 2:37 pm

QualityStocksNewsBreaks – Laredo Oil Inc. (LRDC) Eyes Field’s Potential on Heels of Favorable Report for First Identified Wells at Montana Asset

Laredo Oil (OTC: LRDC) is an oil and gas exploration and production (“E&P”) company focused on acquiring, developing and operating conventional oil and gas properties. During a recent down cycle, the company leased 23,739 mineral acres in the Western Williston Basin of Montana at favorable prices and continues to make progress toward developing the asset. “In November, Laredo announced receiving a reserve report from an independent petroleum engineering firm estimating that interests attributable to certain properties in the Western Williston Basin of Montana acquired by Laredo subsidiary Lustre Oil Company LLC have a present total worth of ‘$41 million of…

MondayFeb 07, 2022 12:33 pm

Laredo Oil Inc. (LRDC) Preparing to Capitalize in Surging Oil Market Following Promising Reserve Report for Western Williston Basin Properties

Laredo received a reserve report valuing a small portion of its subsidiary’s Western Williston Basin properties interests at $41 million of cumulative cash flow (discounted at 10%) CEO Mark See highlighted the report as confirmation of potential for the first 10 well package at the property in northeast Montana Oil price forecasts have risen sharply early in 2022 with growing geopolitical tension, declining global production and rebounding demand Laredo Oil (OTC: LRDC), an oil and gas exploration and production (E&P) company, is focused on acquiring, developing and operating conventional oil and gas properties. During a recent down cycle, the company…

WednesdayNov 24, 2021 2:43 pm

QualityStocksNewsBreaks – Why Laredo Oil Inc. (LRDC) Is ‘One to Watch’

Laredo Oil (OTC: LRDC) is an Austin, Texas-headquartered oil and gas exploration and production (“E&P”) company. Its primary focus is on acquiring, developing and operating undervalued conventional oil and gas properties. Having leased 23,739 mineral acres in the Western Williston Basin of Montana, the company expects to drill the first development well at one of the first of 10 potential locations it has identified before year-end. If that well yields the anticipated results, the company plans to begin drilling additional wells there as soon as practical thereafter. Laredo also continues to take other leases in the area. “The company will…

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