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 > OBE Still $1.05usd Pre-RS

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Post by arnolddiveron Feb 26, 2023 3:12pm

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Post# 35305985

OBE Still $1.05usd Pre-RS

Pull up the 5yr chart. The last time obe was at today’s price pre-covid was July 22, 2018. That was $1.05 pre-rs. Now look at wti’s price on the same date. It was $56. Today it’s $76!!! Now compare debt levels and oil reserves. This ncib is only gonna help us longs. I’m thinking $18+ usd after ncib and when SL issues a divvy late 2023. I can dream hahaha. Knock down share ct to 76m at least, $18 gives obe a $1.4B mkt cap. Sounds reasonable to me.

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