Refections on the Trevor Rose interview of Stephen LoukasIn my view, Obsidian Energy's CEO, Stephen Loukas provided OBE's investment merits in his podcast interview with Trevor Rose
1) Unlock the value in assets
2) Transfer that value to shares
3) Do this before M&A may come to OBE, so they can get maximum value
4) Adopt a dividend model once growth capital spend has occurred (when OBE is potentially running at 50k BOE/year).
Just how Peter Lynch would like it - ie if the investment has merit, you can explain it in a couple of sentences.
Those who know what to look for (smart money managers), will recognize it when they hear it.