| LRDC Stock | | | USD 0.44 0.01 2.33% |
Chairman
Mr. Mark See is Chairman of the Board, Chief Executive Officer of Laredo Oil Inc. Mr. See was the Chief Executive Officer and Chairman of the Board of Directors for the Company since October 16, 2009. He has over 25 years experience in tunneling, natural resources and the petroleum industries. He was the founder and founding CEO of Rock Well Petroleum, a private oil gas company from January 2005 until December 2008 and worked from then until October of 2009 forming Laredo Oil. He was employed with Albian Sands as the Manager for the Alberta Oil Sands Projects at Fort McMurray, Alberta, Canada, a joint venture between Shell Canada and Chevron. Mr. See was also President of Oil Recovery Enhancement LLC in Bozeman, Montana, a private oil company. He was selected as one of the top 25 Engineers in North America by the Engineering News Record for his innovations in the petroleum industry. He is a member of the Society of Mining Engineers and the Society of Petroleum Engineers. since 2013.
| Age | 62 |
| Tenure | 11 years |
| Phone | 512 337 1199 |
| Web | https://www.laredo-oil.com |
Laredo Oil Management Efficiency
The company has return on total asset
(ROA) of
(0.4336) % which means that it has lost $0.4336 on every $100 spent on assets. This is way below average. Laredo Oil's management efficiency ratios could be used to measure how well Laredo Oil manages its routine affairs as well as how well it operates its assets and liabilities.
Laredo Oil currently holds 857.34
K in liabilities. Laredo Oil has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Laredo Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Laredo Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Laredo Oil sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Laredo to invest in growth at high rates of return. When we think about Laredo Oil's use of debt, we should always consider it together with cash and equity.
Similar Executives
Laredo Oil, Inc., an oil exploration and production company, engages in the acquisition and exploration of mature oil fields. Laredo Oil, Inc. was incorporated in 2008 and is based in Austin, Texas. Laredo Oil operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 8 people. Laredo Oil [LRDC] is a
Pink Sheet which is traded between brokers as part of OTC trading.
Management Performance
Laredo Oil Leadership Team
Elected by the shareholders, the Laredo Oil's board of directors comprises two types of representatives: Laredo Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Laredo. The board's role is to monitor Laredo Oil's management team and ensure that shareholders' interests are well served. Laredo Oil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Laredo Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
Laredo Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Laredo Oil a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Also Currently Popular
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Other Information on Investing in Laredo Pink Sheet
Laredo Oil financial ratios help investors to determine whether Laredo Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Laredo with respect to the benefits of owning Laredo Oil security.