Laredo Petroleum Reschedules Fourth-Quarter 2020 Earnings Release and Conference Call
Laredo Petroleum, Inc. (LPI) has postponed its fourth-quarter 2020 financial results release and conference call due to severe winter weather affecting operations in Oklahoma and Texas.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Laredo Petroleum, Inc. (LPI) has postponed its fourth-quarter 2020 financial results release and conference call due to severe winter weather affecting operations in Oklahoma and Texas. The new release date is set for February 22, 2021, after market close, with the conference call scheduled for February 23, 2021, at 7:30 a.m. CT. This decision was made to ensure the safety of its team amidst hazardous travel conditions and power outages.
Positive
- Rescheduling allows the company to maintain team safety during adverse weather conditions.
Negative
- Delays in financial reporting may lead to uncertainty among investors.
- Severe weather impacts operational capabilities.
Details
News Market Reaction – LPI
The recorded move for LPI in the trading session of this news was +0.74%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TULSA, OK, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") today announced it is rescheduling the release of its fourth-quarter 2020 financial and operating results and conference call due to the impacts of severe winter weather in Oklahoma and Texas. The resulting hazardous travel conditions and power outages are impacting both field and corporate operations and the ability of Laredo’s team members to work safely.
The new release date is after the market close on Monday, February 22, 2021, and the conference call will be on Tuesday, February 23, 2021, at 7:30 a.m. CT. To participate on the call, dial 877.930.8286 (international dial-in 253.336.8309), using conference code 7561618 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor Relations."
About Laredo
Laredo Petroleum, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Laredo's business strategy is focused on the acquisition, exploration and development of oil and natural gas properties, primarily in the Permian Basin of West Texas.
Additional information about Laredo may be found on its website at www.laredopetro.com.
Investor Contact:
Ron Hagood
918.858.5504
rhagood@laredopetro.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.