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

Obsidian Energy Ltd

Bullboard Posts

Post by himmleron Mar 03, 2018 12:02pm

271 Views

Post# 27656193

Its a gamble this OBE

And to be honest ..thats why I bought in.The following one or two excerpts are from the contrarian Benji G,who,had I kept some of his past picks, would have made me wealthy..and thats no lie.
eg I owned ITP(intertape polymer) at below a $1(Benji's pick) ..I had many thousands and today they're over $20.But I sold em all at $2.
Remember that some of his picks were also losers..so its a gamble and he makes no qualms about it..

Signal	Opinion	Expert
TOP PICK	Obsidian Energy(OBE-T) February 27, 2018 This is the former Penn West, which he bought and lost money on. They have relatively new management (16 months ago). The former Bankers’ Petroleum boss is running it. He thinks a takeover is possible here. This company has knocked out a lot of debt, which involved selling down assets and because of that revenues went down. However, the company has recently replaced 126% of their resource base. He expects it to grow 5 to 10% (Analysts’ price target is 1.80$) OIL/GAS 0 0 0	Benj Gallander President, Contra the Heard Inv... $1.240 Yes

Signal

Opinion

Expert

TOP PICK

Obsidian Energy(OBE-T)

February 27, 2018

This is the former Penn West, which he bought and lost money on. They have relatively new management (16 months ago). The former Bankers’ Petroleum boss is running it. He thinks a takeover is possible here. This company has knocked out a lot of debt, which involved selling down assets and because of that revenues went down. However, the company has recently replaced 126% of their resource base. He expects it to grow 5 to 10% (Analysts’ price target is 1.80$)

OIL/GAS