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Laredo Petroleum ([[LPI]] +3.8%) is initiated at Brean Capital with a Buy rating and $27 price target, which sees improving results from the horizontal Wolfcamp Shale play in the Midland Basin as the biggest driver for share-price appreciation in 2013-14. The firm also sees further delineation and de-risking of LPI's Midland Basin acreage as a catalyst.

Laredo Petroleum (LPI +3.8%) is initiated at Brean Capital with a Buy rating and $27 price target, which sees improving results from the horizontal Wolfcamp Shale play in the Midland Basin as the biggest driver for share-price appreciation in 2013-14. The firm also sees further delineation and de-risking of LPI's Midland Basin acreage as a catalyst. Post your comment!

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