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Laredo Oil Inc (PK)

Laredo Oil Inc (PK) (LRDC)

0.4215
0.0414
(10.89%)
Closed February 13 4:00PM

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Key stats and details

Current Price
0.4215
Bid
0.401
Ask
0.447
Volume
44,900
0.40 Day's Range 0.4226
0.24305 52 Week Range 0.8497
Market Cap
Previous Close
0.3801
Open
0.40
Last Trade
1000
@
0.4215
Last Trade Time
Financial Volume
$ 18,432
VWAP
0.410511
Average Volume (3m)
30,854
Shares Outstanding
73,921,172
Dividend Yield
-
PE Ratio
-10.82
Earnings Per Share (EPS)
-0.04
Revenue
36k
Net Profit
-2.87M

About Laredo Oil Inc (PK)

Laredo Oil Inc. is an independent Exploration and Production (E&P) Company engaged in the acquisition, production and re-development of oil using a unique Enhanced Oil Recovery (EOR) Application in Depleted and Mature Oil Fields. The Company's primary focus is on increasing domestic production from ... Laredo Oil Inc. is an independent Exploration and Production (E&P) Company engaged in the acquisition, production and re-development of oil using a unique Enhanced Oil Recovery (EOR) Application in Depleted and Mature Oil Fields. The Company's primary focus is on increasing domestic production from proven oil fields. The process began with oil field screening and selection. We pursued oil fields with a minimum of 25 million barrels of estimated recoverable oil. There are 6,500 fields in the US (with an addressable market at 18 B bbls); 14,500 fields worldwide; with 100+ stranded oil fields identified by Laredo as qualified for UGD recovery. At first when the Company acquires a targeted oil field, we will continue to operate the producing field and expect to generate revenue and profit from doing so. Then, Laredo's tool is to apply its Underground Gravity Drainage (UGD) process. The UGD method in the field starts with gaining underground access, then implementing traditional, proven underground mining machinery to drill upwards from beneath the target oil field, where closely spaced wellbores can be drilled up into the reservoir, using gravity to then drain the targeted reservoir through the wellbores. Once development of the underground chamber and the UGD method is prepared for operation, the conventional wells will be capped after UGD production has begun. A combination of increased well spacing and Gravity Drainage is used to drain the remaining mobile oil. The Hyper Down-Spacing enables accelerated production across the entire field. This method is applicable to mature oil fields that have very specific geological characteristics. This Business Process significantly increases well count and radically reduces Capital and Operating cost per bbl: $8 average cost vs. industry average of $35+ per barrel for Enhanced Oil Recovery projects. Some wells can materially increase the field oil production rate from prior periods and recover amounts of oil equal to or greater than amounts previously recovered from the mature fields selected. As such, this Business Process can produce oil equal to or greater than the historical cumulative production in the field. This solution boasts highly predictable production and high scalability. The effect of such operations should result in minimal disruption of oil production from our field investments. Show more

Sector
Crude Petroleum & Natural Gs
Industry
Crude Petroleum & Natural Gs
Headquarters
Dover, Delaware, USA
Founded
-
Laredo Oil Inc (PK) is listed in the Crude Petroleum & Natural Gs sector of the OTCMarkets with ticker LRDC. The last closing price for Laredo Oil (PK) was $0.38. Over the last year, Laredo Oil (PK) shares have traded in a share price range of $ 0.24305 to $ 0.8497.

Laredo Oil (PK) currently has 73,921,172 shares outstanding. The market capitalization of Laredo Oil (PK) is $28.10 million. Laredo Oil (PK) has a price to earnings ratio (PE ratio) of -10.82.

LRDC Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.08252524.34545320450.3389750.450.338975490190.36842218CS
40.076622.20933603940.34490.450.3126312100.36798339CS
12-0.0185-4.204545454550.440.47970.2708308540.3523484CS
26-0.0749-15.0886381950.49640.49640.24305240270.39068985CS
520.175571.34146341460.2460.84970.24305504410.46444967CS
1560.3615602.50.060.84970.0294926370.18487025CS
2600.40152007.50.020.84970.0081536400.13800837CS

LRDC - Frequently Asked Questions (FAQ)

What is the current Laredo Oil (PK) share price?
The current share price of Laredo Oil (PK) is $ 0.4215
How many Laredo Oil (PK) shares are in issue?
Laredo Oil (PK) has 73,921,172 shares in issue
What is the market cap of Laredo Oil (PK)?
The market capitalisation of Laredo Oil (PK) is USD 28.1M
What is the 1 year trading range for Laredo Oil (PK) share price?
Laredo Oil (PK) has traded in the range of $ 0.24305 to $ 0.8497 during the past year
What is the PE ratio of Laredo Oil (PK)?
The price to earnings ratio of Laredo Oil (PK) is -10.82
What is the cash to sales ratio of Laredo Oil (PK)?
The cash to sales ratio of Laredo Oil (PK) is 840
What is the reporting currency for Laredo Oil (PK)?
Laredo Oil (PK) reports financial results in USD
What is the latest annual turnover for Laredo Oil (PK)?
The latest annual turnover of Laredo Oil (PK) is USD 36k
What is the latest annual profit for Laredo Oil (PK)?
The latest annual profit of Laredo Oil (PK) is USD -2.87M
What is the registered address of Laredo Oil (PK)?
The registered address for Laredo Oil (PK) is 3500 S. DUPONT HIGHWAY, DOVER, DELAWARE, 19901
What is the Laredo Oil (PK) website address?
The website address for Laredo Oil (PK) is www.laredo-oil.com
Which industry sector does Laredo Oil (PK) operate in?
Laredo Oil (PK) operates in the CRUDE PETROLEUM & NATURAL GS sector

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LRDC Discussion

View Posts
1flaguy 1flaguy 3 days ago
Thank you, but I don't believe this will have any effect at all on Laredo. Perhaps you should reach out to the company and ask them.
πŸ‘οΈ0
StocktonCA StocktonCA 7 days ago
News Brief from Trump in Oval Office, a reporter asked The President a question about Drilling,, Trump said that things will start moving around Feb 18th as far as cutting the regulations that have tied this industry's hands relating to production
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1flaguy 1flaguy 1 week ago
Where did you get that information from?
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StocktonCA StocktonCA 2 weeks ago
by Feb 18th, key date for epa to clear the red tape to drill baby drill
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1flaguy 1flaguy 3 weeks ago
All green here to dril with texarcana and also their own well. It should be all up from here as revenues finally come to fruition. 
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CashCowMoo CashCowMoo 3 weeks ago
Thats what I plan on doing this summer!
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tradeshow tradeshow 1 month ago
Drill Baby Drill
👍 1
1flaguy 1flaguy 7 months ago
Yup there be OIL!!!
👍️ 1
Twotone Twotone 7 months ago
News!
https://www.prnewswire.com/news-releases/laredo-oil-preparing-midfork-well-for-production-302204342.html
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1flaguy 1flaguy 7 months ago
Thanks but I have been in and out for over 8 years. Trading it thankfully. But.. now it has real potential
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lager lager 8 months ago
Congrats on your patience with this one.
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1flaguy 1flaguy 8 months ago
Huge news for the first time in history there should be oil flowing shortly and revenues coming in.
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lager lager 8 months ago
This is holding really well.
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morokoy morokoy 10 months ago
:https://www.prnewswire.com/news-releases/laredo-oil-announces-permit-issuance-for-midfork-well-302131834.html

The expectation is that the Reddig 11-21 well will spud in early June of 2024 and be in production by mid-summer."
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morokoy morokoy 10 months ago
10q filed.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1442492/000119983524000169/lrdc-10q.htm
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BEIJING BILL BEIJING BILL 10 months ago
Like McDonald's says "I'm loving it"
πŸ‘οΈ0
BEIJING BILL BEIJING BILL 10 months ago
Exactly
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lager lager 10 months ago
Black gold. Texas T.
πŸ‘οΈ0
BEIJING BILL BEIJING BILL 10 months ago
Greet times ahead. Oil beby, black gold
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abazaba375 abazaba375 10 months ago
That is awesome I been around a while I could have bought .06 twice lol funny I bought alPP twice at .04 sold .09 each time second time could have been 9.00 lmao
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BEIJING BILL BEIJING BILL 10 months ago
Everything in oil going to go up .. sanks to Iran, Israel, Hamas middle East turmoil.

πŸ‘οΈ0
Twotone Twotone 10 months ago
I want to give it couple of years.
πŸ‘οΈ0
1flaguy 1flaguy 10 months ago
Are you profitable ? Are you selling?
πŸ‘οΈ0
Twotone Twotone 10 months ago
I too have been in this for years my bag holding is extremely far behind me.
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lager lager 10 months ago
There she blows.
πŸ‘οΈ0
1flaguy 1flaguy 10 months ago
Thank you for the kind words. I’ve been in this thing for years and years. Although I traded it well. This is the big run. There are real buyers everywhere. It still looks amazing and has a lot more room to go. Now we just need revenues and earnings and off to the races!!
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abazaba375 abazaba375 10 months ago
Hos is this happening lol again wow just wow what a move I almost rebought .06 should a would a could lol congrats again to yall this is so nice for the ofc rn
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lager lager 10 months ago
Good steady creep up this time and not just a fluke run.
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1flaguy 1flaguy 10 months ago
Very possible. This is just the beginning. Very smart buyers the last 2 months. Chart looks fantastic. Highest weekly close in 10 years.
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lager lager 10 months ago
Very nice
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BEIJING BILL BEIJING BILL 11 months ago
💯. Going long here until Yankee Doodle Dandy day July 4th.

Gonna go quadrupls from here.
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1flaguy 1flaguy 11 months ago
Agreed i think 1-3$ is possible
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Mr_Baby Mr_Baby 11 months ago
I have a feeling these are still baby moves. Not too many eyes on this one, yet.
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1flaguy 1flaguy 11 months ago
Call Brad and ask him…
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morokoy morokoy 11 months ago
I would also like to know how many entities are under Laredo. First we heard of Lustre, then Hell Creek, and Cat Creek also seems to be in there. And finally there is Erehwon and Laris and Lipson.
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morokoy morokoy 11 months ago
Damn, I missed that one 03/12/21. I got in on 01/08/21 $.07 and 01/19/21 $.06
At least those first 2 wells were a success. A good enough taste that Texakoma thinks it is worth the risk to go for another 8.
What I would love to know is the drilling schedule.
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1flaguy 1flaguy 11 months ago
Good analysis. However, that day was a pump from a room. It traded almost no volume at $.60. I watched every tick. Anyone who bought it back then is most likely out took the tax loss. I believe this was some restricted stock that was coming off restriction for many years. Today will be a very interesting day and the rest of the week.
πŸ‘οΈ0
Mr_Baby Mr_Baby 11 months ago
It seems there was a seller pushing down from $0.6 range. Probably someone holding from March 12th 2021, the dollar traded volume that day was about $6million. The high of that day was 0.59...It might take some time to churn thru $0.6...not much resistance after. This is all I see from reading the chart.
Good luck
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1flaguy 1flaguy 11 months ago
Doubt it. I bought a bunch back today that i sold.45-60 There was a seller looked like we cleaned him out
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willlbone willlbone 11 months ago
Back to the mid teens.
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1flaguy 1flaguy 11 months ago
Yes, I have. I have seen probably three or four over the last 10 years. However, this time is totally different. This time could be the real one. They shoulld have real revenues earnings and free casual. The potential for significantly higher prices here is just huge. How high could it go? I have no idea 1$ 3$ 5$… time will tell.
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lager lager 11 months ago
You've done well on this one over the years. How many runs have you seen?
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Mr_Baby Mr_Baby 11 months ago
Totally agree with you. I see the same thing.
Current MarketCap of only $40mil.. 5x - 10x run in here expected
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Mr_Baby Mr_Baby 11 months ago
Laredo Oil Announces that Texakoma Exercised its Option to Drill Eight Additional Wells under Existing Development Agreement
https://www.otcmarkets.com/stock/LRDC/news/story?e&id=2796054
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1flaguy 1flaguy 11 months ago
Based on what I think should be significant free, cash flow revenue and earnings. I think this is has a potential to go much higher than a dollar. The price action is showing significant buyers in size on the bid and taking the offers. If someone is buying 100,000 shares now between .45 and $.50. they obviously think it’s going much higher. Just my opinion. Hold on for the long run
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morokoy morokoy 11 months ago
https://finance.yahoo.com/news/laredo-oil-inc-announces-agreement-131200731.html
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Mr_Baby Mr_Baby 11 months ago
Looks like $1 should approach soon. Take a look at details of the price action from Friday (3/8). Constant buying at the BID with very small hits on the ASK to scare people into selling.
https://ih.advfn.com/stock-market/USOTC/laredo-oil-pk-LRDC/trades
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1flaguy 1flaguy 11 months ago
Yea probably headed to $1
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Mr_Baby Mr_Baby 11 months ago
Sucking-up shares in turbo mode.
Any idea what is going on in here?
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lager lager 11 months ago
Very nice
πŸ‘οΈ0

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