Obsidian Energy Ltd T.OBE

OBE - TANKING

[Spanito]

Anybody know as to why this POS is tanking so much lately?  I have setup my stop loss for $10.70 today.  I've had enough of this stock not moving upwards.   Don't get me wrong, it's been a nice ride up but lately this stock hasn't done anyting to assure me that it won't keep tanking.

Spanito

[arnolddiver]

Pretty simple. If u think this is a POS, sell it and move on. No one has a gun to your head to keep it. I addes to my position sept 8 at $7.80 usd. During that time the dow has gone down almost 2k points and obe is still above where I bought it. Holding up very welll, even compared to its peers. You must b a whiny person in real life. 

[Spanito]

Look at the Share price ,,, says it all.   This was suppose to be a $15-$20 stock,    Yes you are right,   time to move on.    Better stocks to invest then this POS. Spanito

[JohnJBond]

Two points to add. 1.   He got sold out and 2.  He owned very few shares. The phrase "Big Hat, No Cattle" comes to mind.

[Spanito]

Really?  How;'s that $10.55 price working out for you then?  Next stop could be under $10. I was just stating that there is really no support for this stock.  It keeps dropping now every day. I am going to buy back and flip this when it drops under $10 bucks.  It seems to be the Obsidian Energy way.   But lately this has been dropping like a sack of potatoes. 

[arnolddiver]

Your logic makes no sense and it shows your lack of understanding of oil stocks. WTI the last month went from $96 to current price of $84. So you should expect obe to follow a similar trend. Now if wti prices were going up but obe wasn't, then u know there's an issue. A big one actually. Does that make sensw? You shouldn't be investing in oil if u don't understand this basic logic.

[Spanito]

I understand the concept of WTI oil prices,  that was my point.  As you can see we are now at $9.55 per share.  That's a huge drop from the ATH.   All I was saying is that with only 80 mil shares oustanding I thought this stock would had held it's value better than it's peers.  But the complete opposite,  this stock tanks faster.    Glad I