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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

Post by thetruth54on Apr 27, 2023 11:36am
299 Views
Post# 35417080

I believe the buyback will start next week

I believe the buyback will start next weekAs I posted before I believe that Loukas has formed a strategy for the buyback and that he is waiting in my opinion until after what I expect to be less than stellar earnings with the price of oil being manipulated lower as the prime time to initiate the buying. If the report is not so great it will cause the stock to drop and provide a great time to hit the market with the maximum 25% block order which as of today would be 136,000 shares. It could be an opturne time with the shorts descending on the stock to do just that and cause a short squeeze while allowing Loukas to grab some incredibly cheap shares. I have written Investor Relations requesting that jLoukas put in  the maximum block order to shake things up and send a message to all investors that OBE cares about them and improving shareholder value. Obsidian has lagged in this regard to  other companies that have done share buybacks or initiated or increased dividends. That time is long over due for long time OBE investors for sure. I was assured that request would be passed on to him. But of course, that is up to Loukas and it is his decsion if he wants to do it and when. By the way, todays volume at about 11:15 am est for OBE is about 50,000. Pathetic! I hope the jolt of a big block order is to come soon for all OBE investors.  
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