Laredo Oil, Inc. Overview
Pro stress-test →Laredo Oil Inc. (OTC: LRDC) is a publicly traded oil and gas exploration and production (E&P) company engaging in the acquisition and development of both undervalued quality conventional oil and gas properties and select mature oil fields that are suitable for the company's proprietary Enhanced Oil Recovery (EOR) methods. Laredo Oil is headquartered in Austin, Texas.
Strategic Profile
Pro stress-test →The company intends to pursue aggressively the acquisition of quality assets that major, mid-major, and large independent oil and gas companies continue to divest themselves of at a discount in response to ESG & sustainability initiatives, while focusing on value, growth potential and free cash flow with lower environmental impact through its EOR methods. Laredo Oil plans to acquire additional select mature oil fields where it believes that it can profitably use its proprietary Underground Gravity Drainage™ (UGD) model to recover stranded oil reserves.
Competitive Landscape
Pro stress-test →Comparable peers include Sintana Energy Inc., W&T Offshore Inc., Comstock Resources Inc., Daybreak Oil and Gas Inc., and PetroTal Corp. Laredo differentiates through proprietary Underground Gravity Drainage technology targeting stranded reserves at lower cost than conventional E&P competitors.
Industry Context
Laredo Oil, Inc. operates in Oil and gas exploration and production.
Key facts
Founded: 2008 · Headquarters: Austin, Texas · Market cap: $52.8M