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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 gordo323on Aug 08, 2024 6:37pm
142 Views
Post# 36170383

RE:RE:RE:Market Cap

RE:RE:RE:Market Cap
thetruth54 wrote: I originlly supported Loukas becoming CEO because I believed as  an activist hedge fund owner he would sell the company after a relatively short time as is the customary procedure for activist hedge funds ala Carl Icahn. But Loukas and his partners destroyed their hedge fund having had more than 200 million under management in 2019 to almost nothing now. This is why in my opinion Loukas chose this startegy requiring years to increase Obe production. He has nowhere to go after this as his hedge fund is done. He is milking this position with the rich compensation program he set up that the Obe investors are stupidly paying for. It is a great situation for him as he is running the company from his home in Rye NY. My hope is that what you suggest happens and that I thought would have happened a long time ago which is that they sell the company. That is how Obe investors could finally see some shareholder value. But for that to happen Loukas will have to really feel the pressure from shareholders. That is why I suggest that all Obe investors write to Gordon Ritchie Obe's chairman to get him fired. I would love to see Obe sold even if it was sold in parts. This company with it's world class assets would bring shareholders a great profit. But Loukas needs to get pressured. He is way to comfortable milking the company's compensation program. 


This person has posted 2000 times on this board and every post is identicle. Negative bashing only on OBE.
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