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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 35,700 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused on the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Bullboard Posts
Comment by BargainHunter88on Dec 16, 2017 4:12pm
99 Views
Post# 27171956

RE:RE:RE:Do your own DD

RE:RE:RE:Do your own DDThese "good news" not being priced in is precisely the reason why the share price is still attractive. Value stocks usually have a relatively long entry window, as the value is being ignore by most. It takes a great deal of patience to see material changes in fundamentals as well as perception, but once it turns, the upside usually accerlerates.

If you are a fund manager trying to keep up with the index, you'd be asked to leave keep owning this one or most Canadian energy names, 6 months to a year of underperformance would be career altering when you invest dumb money. The lack of institution ownership makes these names rewarding for those without cost of capital.
Bullboard Posts