Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 32,000 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused in the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Comment by Hendrick3on Mar 18, 2022 7:56am
152 Views
Post# 34524499

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kavern 23

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kavern 23Very well said JB. Your analysis explains why so many companies are trading at 2-3 times FFO and why debt levels are deemed excessive if over 1x FFO. If you believe oil has a future beyond 5 years you should be jumping in with both feet but many investors are convinced that oil is dead. I too believe that is changing with big investors coming back to oil like Buffet and Cooperman. The stigma of oil and gas is also holding stock prices back as many investors believe it is immoral. If these stigmas are overcome, these stocks will fly. I think every investor in this sector needs to accept that they may never get a reasonable valuation on these stocks. We will get our returns through oversized dividends. That more than anything will result in re-ratings of these stock prices. I don't ever think we will see valuation norms for other sectors applied to our stocks. 
<< Previous
Bullboard Posts
Next >>