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 > Kavern 23

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Comment by JohnJBondon Mar 16, 2022 4:03pm

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Post# 34519731

RE:RE:RE:RE:RE:RE:RE:RE:Kavern 23

On Feb 24, 2022 OBE provided its FFO forecast at $80 WTI using the mid point of their then production guidance (29,600 BOE).

That guidance is FFO of $345 million

Thats $4.26 per share

When the share price is C$9 that is a 2.11x FFO @ 80 WTI

3.5X FFO @ $80 WTI would be C$14.91

Personally, I expect their 2022 production to exceed 29,600 (I think its higher than that right now).

I also expect the WTI price to exceed $80 in 2022 (Q1 is shaping up to be close to $90 WTI - that means Q2 - Q4 would need to average $76.67 WTI to achieve an average of $80 for 2022)

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