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BRIEF-Laredo Petroleum Expects To Be Cash Flow Positive In 2020 And 2021

Reuters logo Reuters 10/15/2019

Oct 15 (Reuters) - Laredo Petroleum Inc:

* LAREDO PETROLEUM ANNOUNCES THIRD-QUARTER 2019 PRODUCTION RESULTS AND UPDATES FULL-YEAR 2019 OPERATING PLAN

* LAREDO PETROLEUM - IN QUARTER, PRODUCED 27.8 THOUSAND BARRELS OF OIL PER DAY AND 81.9 THOUSAND BARRELS OF OIL EQUIVALENT PER DAY

* LAREDO PETROLEUM INC - ANTICIPATED CASH FLOW IN 2019 HAS INCREASED BY $65 MILLION FROM EXPECTATIONS IN MAY

* LAREDO PETROLEUM INC - PRODUCTION GUIDANCE FOR FULL-YEAR 2019 HAS BEEN RAISED TO 28.1 MBOPD FOR OIL AND TO 79.0 MBOE PER DAY FOR TOTAL PRODUCTION

* LAREDO PETROLEUM INC - NOW BELIEVES IT WILL DELIVER $40 MILLION OF FREE CASH FLOW IN 2019

* LAREDO PETROLEUM INC - NOW EXPECTS TO INVEST $490 MILLION IN 2019

* LAREDO PETROLEUM INC - ADDITIONAL ACTIVITY IN 2019 ANTICIPATED TO POSITIVELY IMPACT OIL PRODUCTION, CASH FLOWS IN 2020, 2021

* LAREDO PETROLEUM INC - NOW EXPECTS TO BE CASH FLOW POSITIVE IN 2020 AND 2021 Source text for Eikon: Further company coverage:

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