Bullboard - Stock Discussion Forum Obsidian Energy Ltd OBE

Primary Symbol: T.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... see more

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Obsidian Energy Ltd > Insider Buying

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Post by uwebb429 on Nov 12, 2024 7:19pm

Insider Buying

Over the past 12 months, Obsidian Energy Ltd. shares were down about 25 per cent as of Nov. 6, lagging the S&P/TSX Capped Energy Index which was up slightly. Given Obsidian’s underperformance, it caught our attention to see director Edward Kernaghan buying. In the past, we have characterized Mr. Kernaghan as a value-oriented contrarian investor. As such, we find it notable that on Nov. 1 he bought 140,500 Obsidian shares at an average price of $7.87. In the third quarter, Obsidian produced an average of 39,714 barrels of oil equivalent per day.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors.

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-edward-kernaghan-buys-as-obsidian-energy-stock-lags/

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Comment by uwebb429 on Nov 12, 2024 7:37pm

Edward seems like a smart guy. If Obsidian is good enough for Edward then it is good enough for me. Edward (Ed) H. Kernaghan Director - Toronto, Ontario Mr. Kernaghan has over 15 years of experience in the financial services business. He held the position of Executive Vice-President at Kernaghan Securities, a firm he started along with his father, Ted Kernaghan, in 2001. He is ...more

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Obsidian Energy Ltd