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Why Laredo Petroleum Is Surging Today

Kurt Gallon
Why Laredo Petroleum Is Surging Today

Laredo Petroleum (LPI), a pure play Permian-focused E&P company, is on a roll today. LPI stock is up more than 9.0% on strong volumes. In contrast, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up ~1.5%.