Bell2Bell’s latest podcast features Mark See, Chairman and CEO of Laredo Oil Inc. (OTC: LRDC), an oil and gas exploration and production (E&P) company.
Throughout the interview, See discussed Laredo’s business model and operations.
“Our business is very simple… Profitably produced oil – that’s our business,” See said. “The executives and board members of Laredo have, on average, 30-40 years of experience in the oil and gas business. The conclusion that we came to [when founding the company more than 11 years ago] is that… we’re short on supply and demand is constantly increasing. That curve is driven by social, political and ESG factors, but the fundamentals are still there. We looked at this and said, ‘What’s a niche for an oil producer and this outlook for the future considering that some of the largest businesses in the world are oil and gas producers?’”