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.

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Obsidian Energy Ltd > Obe Debt to Annualized Q Funds Flow....

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Comment by kavern23on Aug 01, 2021 11:11pm

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RE:Obe Debt to Annualized Q Funds Flow....

Made an error in Q1...3.13 times not 3.3 times.

Even still....OBE went from 3.13 to 2.127 if adjust for compensation...that almost gaining 1 times in one quarter on financial ability to pay off debt.

Really good in one q.

kavern23 wrote: Q1 we were at a ratio 3.3 times...

Using Q2 funds flow as presented 2.575 times

If adjusted for share based compensation 2.127 times.

With our low decline rates and in Q3 here we should be running at under 2 times if annualize Q3...under 2 times and I think OBE has more options with share buybacks.