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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

Comment by Hendrick3on Oct 21, 2021 8:14am
139 Views
Post# 34031488

RE:RE:TIME IS NOW TO FIND A MERGE PARTNERSHIP

RE:RE:TIME IS NOW TO FIND A MERGE PARTNERSHIP

I hear this comment occasionally about a stock price being artificially kept down. I know there are always trading games in play but what would be the motive of keeping a stock price down especially in a rising sectoral market with an increasing oil price? I am not sure what the reward would be especially in light of the risk being taken on. 

I think stocks lagging in this market are not being held down. There are just an abundance of sellers who see better deals elsewhere for myriad reasons. If a significant player wants to buy a significant position in a company and not drive up the price, I think they would simply have to patiently buy in small lots. Selling the shares to buy them lower just would not result in a position of any significance. 

I think that YGR and OBe and many other names are just not the first choice for investors largely because of liquidity issues. You cannot get any volume without driving up the price. At some point though the price is just too compelling to ignore and the price surges. We have seen this before and it will happen again. 

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