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 > OBE Q3 EARNINGS OCT 31, 2024

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Comment by tvstockon Oct 31, 2024 12:21pm

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Post# 36290782

RE:RE:RE:OBE Q3 EARNINGS OCT 31, 2024

at 65WTI , IP NAV AT 9.03, 2P 11.76. Accounting book value above 20(and increasing due to positive net income and buybacks), plus tax pools of around $5/sh; this is one of the most undervalued Cdn oil and gas stocks. Compelling buy.

Disclosure: own this stock and plan to buy more.

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