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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

Post by thetruth54on Aug 02, 2024 2:36pm
129 Views
Post# 36161564

I don't know what you are smoking but only 1 number mattters

I don't know what you are smoking but only 1 number mattters$6.39 US as I write. Loukas has been CEO for almost 5 years and this stock is under $1,00 US presplit. You people like what this guy Bond  posts on this board are not investors. I don't know if you are hobbists,pumpers,dreamers or smoking too much weed but what you post has no understanding of the reality of investing in an equity.  Here is a number for you people who like Bond's posts. I will make it way simpler than Bond's intricate spin posts. OBE is trading at $6.39 US after 5 years of Loukas as CEO. That is below $1.00 presplit. Without the reverse split Obsidian is stil a penny stock. How do like that number?  


Loukas has failed and needs to be fired. If anyone had any job let alone CEO of a company with his track record of not creating shareholder value they would be on the street looking for a job. It is only the feckless cronies on the board and dilusionary people like you who invest in Obe and vote for his rich compensation program that keeps him in that position. You keep the nonsense hope strategy in your posts on this board going with fantasy projections that the market obviously does not agree with these past 5 years. By the way, undervalued is only a valid positive investing viewpoint if the management in place is capable of taking  advantage of it. Loukas has proved over the last 5 years that he is not capable of creating shareholder value as evidenced by the reality of the stock price as determined by the market. Believe me it gives me no pleasure as a long term OBE investor that goes way back to the Penn West days to post this view. But I have seen the same type posts of OBE's now for way too many years. You people need to wake up and realize that this is an investment not an exercise in projections,fanatsy and happy talk. The stock is $6.39 US. Get freakin real !!!!!!!!!!!!!!!!    
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