Obsidian Energy Ltd T.OBE

Fact: wti price today makes Loukas's hope plan a failure

[thetruth54]

As I have posted in the past Loukas's plan already is a non starter with the wti price this morning going under $75. The posters on this board can post their fanatsy numbers projections etc. all they want but they don't understand investing. You can have great assets which OBE has and even a great plan but without a great CEO it will never come to fruition. Obe has a CEO with no experience being a CEO of an oil company and it shows big time. In his 4 years as CEO so far he has not created shareholder value and shown all investors that he is nothing more than a plan making machine coming up with a new one over and over again with the same result: failed or unfulfilled plans. Those are the facts and that is the reality. Those people who continue to post number projections fanatsizing what might be or revell in the fact that Obe is chronically under valued and is therefore a great value play are not in touch with reality. This stock continues to be teetering on a penny stock valuation. Obe investors have seen no dividend or shareholder value created under Loukas. This is a fact by his own admission. As I have posted numerous times Loukas in his own estimation said in 2017 that OBE could bring $2.50 US presplit at auction. That would be $17.50 US today and mind you that is before the purchase of the balance of the Peace River as well as the accumulation of other assets  like the tax pools etc.. So by his own estimation Loukas himself has establishe that he is a complete failure in creating shareholder value. At under $8 US per share Obe isn't even half of what he estimate the company to be worth and that was 5 years ago. The only thing Loukas seems interested in is sitting in his home remotely running the company and collecting the huge benefits he created in the compensation program. It is time for a change. Obe investors deserve better. Loukas is not up to the job.

[thetruth54]

Obe investors have to ask themselves: How smart is a plan to increase production when the foundation of the plan is based on a $75 wti price with a slowing global economy coming in 2024. Today's price action shows this is not a viable plan as the full effects of the Fed policy has not even hit the economy yet. Of Course, Loukas doesn't care as he runs the company from his home and collects

[CoPilot99]

As you pointed out, he has been CEO for 4 years. 4 years ago the SP was under $1.00 CAD. It is over $10 CAD today. Yes, If you are a looooooong term holder who didn't load up when they were on the brink of bancrupcy it would be very unfortunate But. for the rest, OBE has been a profitable investment with much upside ahead. 

[thetruth54]

You totally miss the point because you are a cheerleader. After 4 years as Ceo of the company Loukas he himself valued it at $2.50 US presplit  which is $17 US today in 2017 and that is not including the Peace River aqusition. Therfore by his own estimate of the company's value, Loukas considers himself a huge failure to date. I averaged down to .45 presplit taking a huge risk as an

[CoPilot99]

Sorry Dude, I'm only here for the assests and the chart. According to you the assets are amazing, the CEO made some great/lucky decisions to enhance the current position but going forward the company would be better off with a new CEO. Good luck with your mission to replace him. I'm sure you are correct. Seems like they may be using NCIB to bump the SP which enhaces their bonuses.  I

[thetruth54]

I could be wrong but it seems to me that Loukas wants to drag out this process with his plan to increase production to eventually sell the company. Right now Loukas's hedge fund Front Four is a personal disaster for him. He needs a huge grand slam with the investment in Obe. But personally he is trying to do so in a way that he can keep accumulating a lot of personal wealth every year through