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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 JohnJBondon Jan 30, 2023 11:48pm
376 Views
Post# 35255628

RE:NR Jan 31/22 thoughts

RE:NR Jan 31/22 thoughtsPS,

At current low prices ($80WTI and $3 gas), and essentially no forecast production growth in 2023 (ie same as Nov and April 2022), OBE has just forecast 2023 funds flow of $395 million

To put the current share price in perspective.

There are currently about 82 million shares.

395 / 82 is $4.8 in funds flow per share.

Today's share price close was C$8.62

ie, its trading for 1.8 times this years funds flow

That is a rediculously low number (not so long ago 4x was considered average).    And that funds flow is  based on rediculously low oil and gas prices.

Its easy to see why Mgmt apparently wants to implement their share pruchase plan ASAP.
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