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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 thetruth54on May 04, 2023 6:36pm
115 Views
Post# 35431450

RE:Buy Back and Bonuses

RE:Buy Back and BonusesI love and totally share your optimism. However, as good as mangement has executed in operations they have totally failed in investor relations. The messaging of a buyback to come that has not yet materializd which we all have anticipated is like shooting yourself in the foot. Obe has been behind the 8 ball in this regard forever some of which was caused by previous mangements. But this management team led by Loukas has consistelty sent the marketplace and in particular OBE investors and potential investors a message that we are last in line to get anything directly. This is the reason for a company such as Obsidian to be chronically undervalued. I have written this to investor relations and I am in contact with many Obsidian investors who have similar feelings about their investment in the company. As great as all the metrics are and they are good and getting better the stock will never achieve its potential until Loukas and manegemnt understand that investors should not be treated as second class citizens so to speak. As I have posted in the past, I have supported Loukas from the very start when nobody really cared for him. But I am very frustrated with his incompetence in this area which being a hedge fund owner I am perplexed as to why. 
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