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 > Back of the napkin

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Post by rascallionon Mar 03, 2022 11:22am

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Post# 34479234

Back of the napkin

Comparison between WCP and OBE:
WCP has 615mm shares outstanding, market cap (9.70/sh) of ~$6B and something like 125kboe
OBE has 81mm outstanding, MC (10.30/sh) of ~$870mm and something like 29k boe

at these ratios, OBE should be 1.75 x WCP's share price.....$17

I know all barrels are not the same.Don't laugh at me too hard.

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