Obsidian Energy Ltd T.OBE

OBE Still $1.05usd Pre-RS

[arnolddiver]

Pull up the 5yr chart. The last time obe was at today’s price pre-covid was July 22, 2018. That was $1.05 pre-rs. Now look at wti’s price on the same date. It was $56. Today it’s $76!!! Now compare debt levels and oil reserves. This ncib is only gonna help us longs. I’m thinking $18+ usd after ncib and when SL issues a divvy late 2023. I can dream hahaha. Knock down share ct to 76m at least, $18 gives obe a $1.4B mkt cap. Sounds reasonable to me.

[JohnJBond]

Once oil resumes its move upwards OBE will move higher In the meantime the share buyback will put a floor in the share price  Oil has been in the 70-80 zone for 3 ish months now  We are now in the post Covid world.    People are returning to what they were doing before we'd heard the word Covid The energy crisis was put on hold by covid  It's now common