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

<< Previous

Bullboard Posts

Next >>

Post by Helloworldon Dec 05, 2024 10:57am

255 Views

Post# 36347192

TVE Valued at $50k/barrel

OBE sitting around 25k.

TVE has a EV of 3.25 billion.

TVE just released a budget that focuses on fcf generation (300 million fcf at 70 wti).

At 70 wti and stay flat at 40k OBE would generate ~ 450 million in FFO.

What is stay flat capex at 40k? Maybe 275 million?

Release a budget showing 175 million fcf at $70 wti.

At 10x fcf @$70 that would mean a EV of 1.75 billion and share price of $18 (at lower multiple than TVE currently trading).

Obviously cannot be mispriced this bad so what is missing?

<< Previous

Bullboard Posts

Next >>

Tenet welcomes first SME clients from Elite Times to its business hub