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

Obsidian Energy Ltd > Kavern 23

<< Previous

Bullboard Posts

Next >>

Comment by JohnJBondon Mar 18, 2022 5:47pm

150 Views

Post# 34526865

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

The reason is because of who makes the decision.

BNE is controlled by one person. That person may not want dividends - because he will get taxed on them. If he doesn't need the cash, then he may not want to pay the tax.

If that dividend money went to share buy backs, he doesn't pay tax (unless he sells - if he is not planing on selling, that won't be front of mind).

BNE will probably pay a small dividend, like it did in the past. That will be bone for the other shareholders. It won't be enough to affect the share price.

<< Previous

Bullboard Posts

Next >>

How this junior is unlocking unprecedented potential in Alaska