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

Obsidian Energy Ltd > NR Jan 31/22 thoughts

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Comment by Rational43on Jan 31, 2023 12:25am

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Post# 35255648

RE:NR Jan 31/22 thoughts

If I was being cynical it seems to make perfect sense to lowball production guidance for 2023 if you first want to buy back a bunch of shares on the cheap in the market.

Under 2 x EV/FFO based on $80 and $3, with high upside torque to oil still makes this among the cheapest names out there.

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