Obsidian Energy Ltd T.OBE

OBE 31,000 boe/d and PIPE at 36,000 boe/d

[Mickey2]

what in the world is wrong with PIPE? is it the bad hedges? debt?
Kavern do you follow PIPE ? 
you have any comments on this?

[gordo323]

Mickey Are you saying OBE is using ( Private investment in public entity ) ? If so show me were you got that information.

[Mickey2]

oops OBE is currently at 33,000 boe/d  i mistyped.

[JohnJBond]

PIPE is Pipestone Energy. PIPE is an example what what happens to your share price when management decides to use some of its free cash flow to buy back shares, instead of giving a dividend. The money they are returning to shareholders by a share buy back, is enough to give an annualized dividend of about 7%, or buy back about 4% of its fully diluted shares. This company has about 1/3 of the

[masfortuna]

LOL!  Be nice John. I think the poster really didn't know.  It amazes me just how many folks throw money at something without looking at numbers firs.  OBE CJ NVA and BTE are my primary holdings.

[kavern23]

PIPE is doing well Mickey but the problem is they are not getting any kind of takeover potential premium.  PIPE needs time to eventually pay a dividend. Any of the consolidators in that area like CNQ, ONIVTIV, or TOU etc.....they want companies that own gas plants as well....because in a lower AECO market the margins are so much tighter if you have to pay others too process the NG.... They