RE:RE:RE:RE:RE:2025 Capital Budget and Operations update Obe is more unloved than most because it is a hard story to sell to institutional investors mixing high growth new assets (peace river) with old cardium legacy assets that are hard to develop in a 68 wti and 2 aeco enviro. the "mba educated types" will mostly only want Obe if company was split into 2.
This is one of reasons I think gear oil split and sold off old legacy assets as the new high growth belly river would never be valued well to instutions if saddled with old legacy assets that just get more expensive to operate every year.
But for Obe to split into 2...they need time to drill it up and get peace river assets over 20k boe a day.
money to be made in Obe but probably can get it cheaper waiting as Obe still a few a q s short of being big enough to split.
ygr is at least building a viable story and if ygr hits well on belly river in 2025...clean pure play company with little old vertical wells and ygr s share price could do well in 2025...but still a wait..