"Front Four activist fund took 5.4% stake "Activist fund led by Zackary George, son of previous chairman, took 5.4% stake and pressurizing to unlock value.
The Reporting Persons believe that the Shares currently trade at a significant discount to intrinsic value and do not reflect the value inherent in the Issuer’s unparalleled acreage position in the Cardium, significant upside in the Mannville, infrastructure advantaged position in the Alberta Viking and valuable tax pool position. In order to unlock this value, the Reporting Persons intend to communicate with the Issuer’s management and Board about a broad range of strategic and operational matters."
Posted by Convex Ideas on Seeking Alpha
Here is the link: https://seekingalpha.com/article/4124349-obsidian-energy-solid-returns?v=1510956529&comments=show
Activist fund led by Zackary George, son of previous chairman, took 5.4% stake and pressurizing to unlock value.
The Reporting Persons believe that the Shares currently trade at a significant discount to intrinsic value and do not reflect the value inherent in the Issuer’s unparalleled acreage position in the Cardium, significant upside in the Mannville, infrastructure advantaged position in the Alberta Viking and valuable tax pool position. In order to unlock this value, the Reporting Persons intend to communicate with the Issuer’s management and Board about a broad range of strategic and operational matters.