ADVFN Logo
Registration Strip Icon for monitor Customized watchlists with full streaming quotes from leading exchanges, such as NASDAQ, NYSE, AMEX, OTC Markets Small-Cap, LSE and more.
Laredo Oil Inc (PK)

Laredo Oil Inc (PK) (LRDC)

0.55
0.02
(3.77%)
Closed July 20 4:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.55
Bid
0.5275
Ask
0.60
Volume
25,242
0.52 Day's Range 0.55
0.049 52 Week Range 0.8497
Market Cap
Previous Close
0.53
Open
0.52
Last Trade
810
@
0.55
Last Trade Time
Financial Volume
$ 13,839
VWAP
0.548237
Average Volume (3m)
54,774
Shares Outstanding
71,818,590
Dividend Yield
-
PE Ratio
-12.70
Earnings Per Share (EPS)
-0.04
Revenue
-
Net Profit
-3.11M

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
1970
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 $0.53. Over the last year, Laredo Oil (PK) shares have traded in a share price range of $ 0.049 to $ 0.8497.

Laredo Oil (PK) currently has 71,818,590 shares outstanding. The market capitalization of Laredo Oil (PK) is $38.06 million. Laredo Oil (PK) has a price to earnings ratio (PE ratio) of -12.70.

LRDC Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0697-11.24737776340.61970.640.52240510.55315831CS
40.069814.53561016240.48020.6960.38835572710.57417507CS
12-0.2295-29.44194996790.77950.77950.38835547740.56481102CS
260.38775238.9830508470.162250.84970.16055896590.4375712CS
520.455478.9473684210.0950.84970.0491292640.22713388CS
1560.48625762.7450980390.063750.84970.02941009340.16193455CS
2600.5221864.285714290.0280.84970.0081665060.12983633CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
SERVServe Robotics Inc
$ 7.51
(185.55%)
266.26M
AUGXAugmedix Inc
$ 2.27
(147.71%)
24.14M
XCURExicure Inc
$ 0.5351
(76.02%)
14.02M
PSNLPersonalis Inc
$ 3.83
(56.33%)
22.8M
MDBHMDB Capital Holdings LLC
$ 10.675
(37.21%)
126.45k
SPWRSunPower Corporation
$ 0.6735
(-55.40%)
124.61M
HYZNHyzon Motors Inc
$ 0.149
(-47.54%)
23.63M
MEDSTRxADE Health Inc
$ 14.92
(-33.45%)
223.27k
SILOSilo Pharma Inc
$ 2.50
(-27.95%)
11.93M
KITTNauticus Robotics Inc
$ 0.0935
(-27.46%)
28.43M
SERVServe Robotics Inc
$ 7.51
(185.55%)
266.26M
SXTP60 Degrees Pharmaceuticals Inc
$ 0.2602
(5.77%)
226.82M
NVDANVIDIA Corporation
$ 117.93
(-2.61%)
217.11M
SQQQProShares UltraPro Short QQQ
$ 8.46
(2.79%)
188.2M
SPWRSunPower Corporation
$ 0.6735
(-55.40%)
124.61M

LRDC Discussion

View Posts
1flaguy 1flaguy 2 weeks ago
Thanks but I have been in and out for over 8 years. Trading it thankfully. But.. now it has real potential
πŸ‘οΈ0
lager lager 3 weeks ago
Congrats on your patience with this one.
πŸ‘οΈ0
1flaguy 1flaguy 3 weeks ago
Huge news for the first time in history there should be oil flowing shortly and revenues coming in.
πŸ‘οΈ0
lager lager 3 weeks ago
This is holding really well.
πŸ‘οΈ0
morokoy morokoy 3 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."
πŸ‘οΈ0
morokoy morokoy 3 months ago
10q filed.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1442492/000119983524000169/lrdc-10q.htm
πŸ‘οΈ0
BEIJING BILL BEIJING BILL 3 months ago
Like McDonald's says "I'm loving it"
πŸ‘οΈ0
BEIJING BILL BEIJING BILL 3 months ago
Exactly
πŸ‘οΈ0
lager lager 3 months ago
Black gold. Texas T.
πŸ‘οΈ0
BEIJING BILL BEIJING BILL 3 months ago
Greet times ahead. Oil beby, black gold
πŸ‘οΈ0
abazaba375 abazaba375 3 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
πŸ‘οΈ0
BEIJING BILL BEIJING BILL 3 months ago
Everything in oil going to go up .. sanks to Iran, Israel, Hamas middle East turmoil.

πŸ‘οΈ0
Twotone Twotone 3 months ago
I want to give it couple of years.
πŸ‘οΈ0
1flaguy 1flaguy 3 months ago
Are you profitable ? Are you selling?
πŸ‘οΈ0
Twotone Twotone 3 months ago
I too have been in this for years my bag holding is extremely far behind me.
πŸ‘οΈ0
lager lager 3 months ago
There she blows.
πŸ‘οΈ0
1flaguy 1flaguy 3 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!!
πŸ‘οΈ0
abazaba375 abazaba375 3 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
πŸ‘οΈ0
lager lager 3 months ago
Good steady creep up this time and not just a fluke run.
πŸ‘οΈ0
1flaguy 1flaguy 3 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.
πŸ‘οΈ0
lager lager 3 months ago
Very nice
πŸ‘οΈ0
BEIJING BILL BEIJING BILL 4 months ago
💯. Going long here until Yankee Doodle Dandy day July 4th.

Gonna go quadrupls from here.
πŸ‘οΈ0
1flaguy 1flaguy 4 months ago
Agreed i think 1-3$ is possible
πŸ‘οΈ0
Mr_Baby Mr_Baby 4 months ago
I have a feeling these are still baby moves. Not too many eyes on this one, yet.
πŸ‘οΈ0
1flaguy 1flaguy 4 months ago
Call Brad and ask him…
πŸ‘οΈ0
morokoy morokoy 4 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.
πŸ‘οΈ0
morokoy morokoy 4 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.
πŸ‘οΈ0
1flaguy 1flaguy 4 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 4 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 $0.6...not much resistance after. This is all I see from reading the chart.
Good luck
πŸ‘οΈ0
1flaguy 1flaguy 4 months ago
Doubt it. I bought a bunch back today that i sold.45-60 There was a seller looked like we cleaned him out
πŸ‘οΈ0
willlbone willlbone 4 months ago
Back to the mid teens.
πŸ‘οΈ0
1flaguy 1flaguy 4 months ago
Yes, I have. I have seen probably three or four over the last 10 years. However, this time is totally different. This time could be the real one. They shoulld have real revenues earnings and free casual. The potential for significantly higher prices here is just huge. How high could it go? I have no idea 1$ 3$ 5$… time will tell.
πŸ‘οΈ0
lager lager 4 months ago
You've done well on this one over the years. How many runs have you seen?
πŸ‘οΈ0
Mr_Baby Mr_Baby 4 months ago
Totally agree with you. I see the same thing.
Current MarketCap of only $40mil.. 5x - 10x run in here expected
πŸ‘οΈ0
Mr_Baby Mr_Baby 4 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
πŸ‘οΈ0
1flaguy 1flaguy 4 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
πŸ‘οΈ0
morokoy morokoy 4 months ago
https://finance.yahoo.com/news/laredo-oil-inc-announces-agreement-131200731.html
πŸ‘οΈ0
Mr_Baby Mr_Baby 4 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
πŸ‘οΈ0
1flaguy 1flaguy 4 months ago
Yea probably headed to $1
πŸ‘οΈ0
Mr_Baby Mr_Baby 4 months ago
Sucking-up shares in turbo mode.
Any idea what is going on in here?
πŸ‘οΈ0
lager lager 5 months ago
Very nice
πŸ‘οΈ0
1flaguy 1flaguy 5 months ago
1$ is certainly doable!! We just wait now for some earnings and free cash flow!!
πŸ‘οΈ0
lager lager 5 months ago
Been holding well. $1s in the future?
πŸ‘οΈ0
Zardiw Zardiw 6 months ago
$LRDC - #8KSpy Alert Video:



Z
πŸ‘οΈ0
lager lager 6 months ago
Nice.
πŸ‘οΈ0
Mr_Baby Mr_Baby 6 months ago
Looks like that indeed.
πŸ‘οΈ0
1flaguy 1flaguy 6 months ago
Lots of great things happening here. The future looks very bright!
πŸ‘οΈ0
Mr_Baby Mr_Baby 6 months ago
Buys keep coming in. Good looking chart in here.
πŸ‘οΈ0
StocktonCA StocktonCA 6 months ago
"Drill Baby Drill" Quote from IA Caucus.....these prices will be a faint memory com Nov 2024
πŸ‘οΈ0
1flaguy 1flaguy 6 months ago
Huge run from .06 as expected. They are buying every dip with size. .30-.50 next stop.
πŸ‘οΈ0