Obsidian Energy Ltd. T.OBE

@ the Bell: Markets come roaring back

[thetruth54]

If the manipulators pull down oil after this cut the Saudis need to move to create a new global mechanism for contracts to be traded in the paper markets. If this manipulation continues to ignore the

[thetruth54]

Well as I posted and as I expected and hoped OPEC cut production again. With this cut  today it makes it 4.16 million barrels of oil a day cut from production since October. That would make it

[Jon Brown]

After a few lacklustre sessions, Canada's main stock index joined markets across the globe in a higher trading day on Friday read article.

[thetruth54]

While I don't have any insider information, I am pretty sure it has begun. I am glad to see the overall volume is low the last two days. I hope it stays that way for a while as the buyback

[Jon Brown]

Equities in Canada’s largest edged up on Thursday, all over a pause in US rate hikes and the passing of a bill to suspend the debt ceiling. read article.

[JohnJBond]

Most of last year's gas to oil subsitution has been undone by now. Oil growth now is in India, and greater Asia (ie China and its surrounding countries - Indnoesia etc) India is going off - its

[kavern23]

John....you have to remember something....Natural gas in Europe was insanely high compared to oil last year.  NG energy conversion to oil was like 180 dollars or more. But right now Natural Gas

[JohnJBond]

The US also imported an average of 7.2 million barrels of oil per day (3 and a bit comes from Canada). Most of the US exported oil has been going to China. Until Obama changed the law, the US was

[kavern23]

You look at todays EIA oil report...USA exported 4.9m barrels a day.  I have followed this for decades closely and I have never seen anything remotely like this. Last year after war USA was high

[kavern23]

I think alot will depend over the next 6 motnhs to 1 year on what price oil normalizes at. At a 70-80 wti price band I think OBE obviously thinks and does a share buyback when the time is right. But

[thetruth54]

Obsidian has an incredible opportunity to buy back shares at a ridiculously cheap price about .80 pre split currrently. This on a company that with the right commodity price could be worth around $3

[thetruth54]

Its about time. Let the buying begin. Buy, Buy, Buy, !!!!!!!!!!!!!!!!!

[thetruth54]

It is surprising that the Chinese are dealing with Loukas after he virtually stole the Peace River from them.

[Jon Brown]

Investors often keep focused on the most consistent plays, when times of renewed uncertainty rears its head in the markets. read article.

[JohnJBond]

In my view, this shows how much OBE wants to buy back shares while they are cheap. In my view, this will turn out to be a short term matter. Its still to early to predict oil prices in Q3 and Q4

[JohnJBond]

What are they spending $20 million month on during break up?

[arnolddiver]

I have not seen an instance in the canadian oil e&p industry where there is a chinese bank as a syndicate partner. Very surprised by this development. SL kept good relations w/ the chinese

[Helloworld]

They did FFO of 94 million in Q1. That is monthly of 30 million currently roughly (q2 slightly lower than Q1 for pricing). Capex is likely about 20 million a month excluding April which is close to 0.