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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 May 05, 2023 8:05am
169 Views
Post# 35432367

RE:RE:RE:Buy Back and Bonuses

RE:RE:RE:Buy Back and BonusesI agree with much of what you say JJ. My portfolio is currently 60%OBE and 40% ygr. These two have made my biggest gains over the last 3 years so I cannot complain. I tend to pick stocks with the lowest multiples of FFO and that has served me very well. I have to disagree on the narrative management by Loukas. He has tendency to stop communicating when things are not going according to the plan. Perhaps he doesn't like to deliver bad news but it comes out nevertheless so it is not serving him well. We as shareholders should not be shielded from a changing landscape. We are all in this together. On the macro environment m, I agree the future looks very bright which is why my displeasure with Loukas from time to time will not cause me to let go of this gem. I very much believe these two stocks are an easy double from here once the fog lifts. 
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