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

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TSX:OBE - Post Discussion

Obsidian Energy Ltd > Journey out with new issue

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Post by pennydredful on Feb 28, 2022 5:24pm

Journey out with new issue

to accelerate CAPEX

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Comment by kavern23 on Feb 28, 2022 6:50pm

Surprised more companies are not doing this or even a regular financing.... Especially companies like BNE....russia gave ya a gift...lol use it...

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Comment by churchofnutsacc on Mar 01, 2022 12:16pm

Yeah, because the tactic of using dillution/debt to expand production was such a success for the oil and gas companies the previous time the price of oil ran up.

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Comment by Kramerkarma on Mar 01, 2022 12:48pm

this time is different (saying that on purpose) but it's not great. It was cheap but with strong prices and tax write offs ... the only way to lower debt and bump up capex for a super spike were currently seeing in CAD oil prices.

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Obsidian Energy Ltd