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 > Back of the napkin

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Comment by Hendrick3on Mar 03, 2022 12:08pm

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RE:Back of the napkin

You are correct. I use FFO per share relative to share price. I believe 4q WCP reported around 50 cents and OBE reported around a dollar. That would suggest OBE should be about $19. Very cheap on a relative basis. The reason is that WCP pays a dividend do it attracts a broader segment of investor. Hopefully in 6 months OBE will pay a dividend and things will even out.

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