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

Obsidian Energy Ltd > 20% Death Spiral

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Post by Helloworldon Sep 05, 2024 6:18pm

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Post# 36210774

20% Death Spiral

Last 5 days have performed as well as PXT. In order to get a 20% drawdown PXT had to proclaim their new target acreage was a dud and drop guidance by 20%. OBE has dropped hard on heavy volume.

OBE now has a MC that is 450 million less than Cardinal, and now also less than SGY. With similar netbacks.

Would think debt might be a problem but somehow SOIL with similar production and 350 million in higher debt has a EV that is nearly 30% higher than OBE. What gives?

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