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 > Whitecap-XTC purchase

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Comment by JohnJBondon Jun 28, 2022 11:47pm

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Post# 34789456

RE:RE:Whitecap-XTC purchase

WCP says they paid 3.3x 2023 FFO

The same 3.3x based on OBEs 2023 guidance would be $35-38 per share for OBE

The thing about take overs is they come out of no where

Another take away is the free cash these companies expect to make between now and the end of 2023

WCP states they expect to have 1.3 billion in free cash to reduce debt by end 2023

That's 1.3 billion after dividends and capex

Another take away is WCP was able to get a big loan in what appears to be a difficult time to get long term loans (around 1 billion) They didn't reveal the interest rate.