Obsidian Energy Ltd T.OBE

Great Q2...

[kavern23]

I was very impressed and happy with Q2.

In general, Q1 and Q2 of 2021 I thought would face the biggest brunt for most Cardium companies from the Q2 2020 Covid hammering.

OBE has come out of Q2 in a great spot.

Revenue was 100M plus as I thought.
OBE is finally a medium size player when it can crank out 100M in revenue a Q.

Really looking forward to Q3. Production and finanancials heading nicely in right direction.

And I also like the reclaimation progress.  I seen a different report the other day and OBE was number 6 out of all oil companies in abandoning inactive wells

OBE really looks like it is being packaged up to be sold.
Catching up on reclaimation and upping the reputation while at same time drilling gusher wells will help.

Q4 production should be really high.

I like it.

And July is almost over..should be another 5-10M less in debt.
August we have 3000 barrels hedged at 90.
Q3 is shaping up solid.

Whole year is going to look solid when annual numbers come out.

I want to hold this one into at least 2022 if things continue like they have been....

[Kramerkarma]

Corp presentation says 18% decline that's 9% for h2 at 24650 so 2218boe decline. Also 9 wells down 16 to go in 2021 most to be started sept. So 1100boe decline q3 exit 24000 boe (if we're at 25100 boe to get a q2 mid of 24640 from a start of 23600) then most wells are put on sept and if 365 production can average 200boe that's 3200 -1100 decline so 2100 added and an average of 25k and

[kavern23]

Kramer I think the tie in...would go something like this if equiment and and services are as easy to get as it has been....everyone has been doing sh*t really fast in the Cardium as the amount of work being done is still low.  Prairiee storm is doing nothing....Orleans isnt really drilling or Entrada. Management is also probably cautious as they dont know if the service sector will tighten

[Kramerkarma]

so it would be less lumpy building into year end but q3 will barley see new wells.

[gold_diggers1]

If without recording the impairment reversal... - what would have been the Net income?  - is OBE still good? . . Taken from company Q2 NR: . Net income -- Net income of $322.5-million ($4.33 per share) in the second quarter of 2021 benefited from higher FFO and a $311.5-million impairment reversal within the company's Cardium asset due to

[David02montreal]

I was also impressed...not spin Dr. All I'm going to change vocation thinking of cheerleader for obe no dog catcher there are alot of dogs in this co., impairments Capex, selling assets at a lose,paying for other companies more than they are worth. You need a good imagination but take away one thing shareholders for a oil Co. Getting the shaft down after reporting no shame