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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 May 08, 2022 9:06am
156 Views
Post# 34665253

RE:M&A Activity Heating UP

RE:M&A Activity Heating UP

Obe is valued at around $30,000 per flowing barrel which is extremely undervalued. It's likely momentum selling playing off the blind shareholders who somehow didn't see the compensation charge coming and now are acting indignant. Pro tip: don't publicly bash the stocks you own especially if you are planning on selling. 


As a result, we now have the cheapest stock in a red hot segment. By the way the tax pools of $2.5 billion that we have are worth about $6 per share so yes this is a very likely acquisition target at current prices. 

I have been buying and so have many friends and family. It may be the last chance for under $10Cdn. And in 6 months it may be in the $20's which is where it should be to have a comparable value to other players in the sector. 

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