Obsidian Energy Ltd T.OBE

OBE as takeover target

[RetiredSteelMan]

OBE has got to be a potential takeover target for one of the larger players.

They'll be going to 50,000 B/day within 1.5 years, have a book value of over $20.00, have valuable land assets that can be developped & have millions in accumulated tax losses that can be applied by the potential buyer.

This should be on potential buyers want and to do list.

Any comments?

[thetruth54]

Yes, you are correct and that is what Loukas's plan is based on. But he has expersessed that Obe needs to grow production to that 50,000 B/day for them to be interested in it. Earnings are coming up in a week or so and Loukas should be giving some really good guidance for 2nd quarter as production is over 36,000 B/day and the commodity price has been cooperating so far in this second quarter