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 > One week until Q1 release

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Comment by AtomicForceon Apr 26, 2022 8:00pm

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RE:RE:RE:RE:RE:RE:One week until Q1 release

I agree. Obsidian is undervalued, and if management wants to do the best by long-term shareholders, they should buy a dollar for a quarter. That means a buyback. Right now, I would like to see 20% on growth, 40% on buyback, and 40% on debt repayment. They should not pay a dividend IMO until OBE is >$20 a share and debt is below $200M. Once it gets closer to fair value, then put in the dividend and see the price gain.

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