Q3 EarningsOBE's Q3 earnings are fantastic.
These are operating earnings too - no one time additions from sale of assets etc.
$46.6 million in Q3. About 62c/share - or about $2.48 per year.
Imagine finding a company with a PE of 2!
Thats from a quarter with average WTI about $70.62
Compare this with Baytex for example.
BTE had earnings of $33 million or 6c/share.
OBE had 10X the earnings per share of BTX!
Or
Compare this with Crescent Point
CPG had earnings of $775. million, or 13c/share.
OBE had 4.8 X the earnings per share of CPG!