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 > How Much Longer

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Comment by Rational43on Dec 03, 2022 6:35pm

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Post# 35148954

RE:How Much Longer

Tough to say when, but easy to say what:

OBE trading well under 2 x '23 CF at this point, growing production (only 23%, vs 26%, the horror) and reducing debt in an environment when competitors are breaking even on production and trading at 4 x CF.
So what is a massive revluation in price. I'm here until what.

When?
Well, that depends on the macro vibe. I suppose next time oil rallies is a likely time for a move.
Some move also when OBE announces '23 guidance, highlighting to the market the massive misvaluation.
I suppose the next When will be when it announces dividend plans, or debt repayment target timelines.

OBE, BNE, YGR all trading at bizzare prices, and all will benefit from much stronger NG prices in Q4 and Q1 '23 vs Q3, but OBE and BNE seem to need oil price to get market attention.