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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 Sep 23, 2023 8:28pm
289 Views
Post# 35650946

You are cheerleading and not looking at the facts

You are cheerleading and not looking at the factsFirst of all, if as you say Loukas is such a genius why is that his hedge fund has gone from almost 400 million under management to about 60 million. I am totally fair minded about Loukas. I supported him from the very first day he started when no investors on any of the online boards would. I gave him credit for saving the company and a brillant deal to dupe the Chinese into selling the balance of the Peace River. That is what got him the permanent job as CEO. But unlike you I also see a number of failures since then. Perhaps it is because he has never been a CEO. Just to name a few: he almost gave the company away to BNE. Thank God they have incredibly stupid managemnt and turned it down. Sorry but genuises as you have portrayed him don't do things like that. Then there was his announced plan to consolidate the Carduim. Nothing to date has happened with that plan. Then last year he announced a large capital spending program to drill more. That plan was retracted. Now we have the buyback program which my gut says will never be fulfilled like all of his other intiatives to date. He seems to be throwing you know what up against the wal to see what sticks. Then there is the total failure to engage investors. Just look at the low volume OBE has had the last year or so. It is pathetic. Plans mean nothing without folow through and execution. I live in the real world and look at the facts. I don't sit there and cheerlead,hope and see everything through rose colored glasses. The fact is that Obe has been a chronically undervalued stock because of management. Loukas and company are running the show and they are responsible for creating shareholder value. The stock is currently a little over $8 US when the company without the new Peace River plan is worth North of $20 US. I don't care what those other pathetic Candian oil stocks you cited are doing. As an investor you can't take any of those good feeling rationalizations to the bank. This is an investmentand some of the children on this board want to make it into a feel good cheer leading event. When Loukas executes his plans and creates shareholder value resulting in a fair valuation and or dividend which the long suffering Obe investors deserve I will be the first person to congratualte him. Until then stop the childish cheerleading. Mr. Loukas  you need to show all Obe investors the money or they will show you the door!!!!!!!!!!!!  
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