Obsidian Energy Ltd T.OBE

Am I reading this right?

[churchofnutsacc]

Over the past 3 months they've INCREASED their net debt by $35.3 million while paying themselves $22.7 million?

It's nearly impossible to find an oil and gas name right now that is increasing their debt, but, here we are.

Net debt has been reduced by a total of only $7.8 million in the past 12 months? How is that even possible?

[Nothingmatlers]

Market is mad....very very bad...

[TheRexmember]

It's not that bad.  management has a pair of balls and decided to stay with their plan rather than follow the trend of the day. Actual debt balances went down 22-23 million, accounts payable went up because they drilled the sh!t out of the first quarter so the net debt number is higher. Yangarra did the same thing in Q4 and it has worked out for them.  3000 barrels of production

[Nothingmatters]

May be didnt see the 10000 barrels added to production unhedged... increase in capex...

[fortunefavorsus]

As long as energy prices are up they should have an outstanding 2nd quarter report with less cap ex and much higher production.  First quarter was disappointing but they did say they were driven by significantly increasing producton..

[Flush11]

its possible because production has grown 45% year on year. They stole the prop asset They need to fill up the facilities to maximize ROE, ROCE and ROIC. - then we can talk about your endless focus on debt levels. 450 million in debt with 4-500 million in cash flow while generating 45% production growth is not a problem. It is amazing. let the market bounce around like this. It just means the

[Nothingmatlers]

Speaking of Flush....this quarter flushing down the clogged toilet....lots of bubbles...along with the pumpers

[Nothingmatlers]

Growth?