Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:OBE - Post Discussion

Obsidian Energy Ltd > New Surge term debt financing , lower bank debt

View:

Post by pennydredful on Dec 09, 2021 6:31pm

New Surge term debt financing , lower bank debt

may suggest a pattern for other producers such as OBE

199

Comment

Comment by kavern23 on Dec 09, 2021 9:54pm

I think that is very encouraging news for OBE if Surge can get 150M on a 5 year term. That really is all OBE would need...OBE already has a revolving at 225M after Jan 1 2022 and if they could get 175M on a 5 year term they would be fully done with this. But with OBE FCF so much potentially in 2022...it would be hard to gauge how much to do on the term. You can't pay back that 5 year term ...more

104

Comment

Comment by kavern23 on Dec 09, 2021 9:59pm

During last bank review, the banks basically gave OBE a rev. bank line increase equal to our FCF for the 9 months. Prob banks way of saying you keep FCF we will help you lol. OBE 25-30M Q4 FCF should be help with a Jan convo I think is suppsoed to happen. Delivering and not just showing slides is how this banks will get onside. So far so good.

127

Comment