Laredo Oil, Inc. Overview
Industry: Oil & Gas E&P
Sector: Energy
Laredo Oil, Inc., an oil exploration and production company, engages in the acquisition and exploration of mature oil fields. It also recovers stranded oil from those fields using oil recovery methods. The company was formerly known as Laredo Mining, Inc. and changed its name to Laredo Oil, Inc. in October 2009. Laredo Oil, Inc. was incorporated in 2008 and is based in Austin, Texas.
Laredo Oil, Inc. is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.
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