Obsidian Energy Ltd T.OBE

Trading Patterns

[Hendrick3]

There is a very clear trading pattern the last few weeks. Hot start followed by severe backing off until about 2:15pm EDT. Then it comes back up and closes around daily highs by close. Doing it again today. Damn computer trading.

[churchofnutsacc]

Uplisting isn't everything its made out to be

[Luckyeleven]

Today wil noteven get close to its high it traded this morning. Sold some at 10.36 and was impatient and bought it back at 10.10. It would be nice to get back to 10 at least before end of the day. Trading very weak for now with not too many losing hedges. It would be odd that it's the re-financing holding it up as it will happen. 

[churchofnutsacc]

Refinancing will almost certainly come with hedges attached. This is true for nearly every O&G company that I follow, I don't see why OBE would escape hedges forced by their lender. The only question is how many shares will their lender demand in addition to the hedges.

[Tim14235]

ha your crazy if you think loukas will dilute now when we are the strongest we have ever been.  He did not even dilute when we were about to go BK.  Our debt ratios are likely < 1 and judging by peers refis, we are looking at 5-8% subord

[JohnJBond]

Nutsac, it sounds like you are confusing refinancing with a debt syndicate or single lender, vs selling debintures into the market, then using those funds to pay out the existing debt syndicate. OBE is selling debintures. Debintures are priced based on risk.    The greater the risk, the greater the interest rate.    They trade just like shares. Debinture buyers don

[hurko5]

This post has been removed in accordance with Community Policy

[JohnJBond]

The first half hour of trade is for the knee jerk idiots. Its generally best to avoid the first 30 min when you are building a position, or reducing one.