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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

Comment by Hendrick3on Apr 27, 2023 6:19pm
124 Views
Post# 35418124

RE:I believe the buyback will start next week

RE:I believe the buyback will start next weekThere is something wrong with management communication when we have to speculate about when the share buyback will begin. Most people took from the March communication session that the buyback was to begin when the financing was secured. It was and still crickets. OBE falling back into a pattern of poor communication. When management sets an expectation they need to deliver. It's no wonder the stock price has fallen back to $8.50. It was over $10 a couple of days after announcing the buyback and prices were poor then too. management needs to set expectations clearly and then hit or exceed the targets. OBE keeps forgetting that and the share price is showing the result. 
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