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Bullboard - Stock Discussion Forum Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company’s principal business consists of the exploration, development and production of petroleum resources. The Company is mainly focused on the Peace River asset. The Peace River is a stable, cold-flow heavy oil Bluesky resource with Clearwater upside within the Peace River Oilsands region. It has full ownership in... see more

Bullboard (TSX:OBE)

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Comment by L2smonon May 06, 2025 2:11pm

RE:RE:RE:RE:RE:Prediction for Obe….

Despite having no focus on properties, can't deny that they have the some of the best technical team for heavy oil, how can a company like BTE consistently drill some of the best wells in ...more  
Comment by L2smonon May 06, 2025 2:04pm

RE:RE:RE:RE:RE:Prediction for Obe….

Yes the entrance to Viking was a bad strategy, never understood the merit of merging with Raging at that time, gaining scale just to trade at the same price.  They also spent a lot of capex there ...more  
Comment by kavern23on May 06, 2025 2:00pm

RE:RE:RE:RE:Prediction for Obe….

Obe shareholders would riot lol if OBE and BTE merged...it would be horrible for OBE holders.... If I am right on Islander and OBE merging....OBE will bounce over 6.50 very fast and no need to do ...more  
Comment by kavern23on May 06, 2025 1:58pm

RE:RE:RE:RE:Prediction for Obe….

Baytex is saddles with viking assets that require high WTi prices to be economic....the first play that will suffer reduced capex for light oil in western canada is viking in sask...brutal because ...more  
Comment by L2smonon May 06, 2025 1:57pm

RE:RE:RE:Prediction for Obe….

on the flip side, OBE can also look to merge with BTE, other than the Cardium everything else fits like a glove, I can see that happening if they are able to dispose the rest of the WG.
Comment by L2smonon May 06, 2025 1:51pm

RE:RE:RE:Prediction for Obe….

I guess it depends on the price, but if I am taking shares I want a company that knows how to drill, BTE drilled some of the best wells in the clearwater, none of them even come close.  BTE debt ...more  
Comment by kavern23on May 06, 2025 1:43pm

RE:RE:Prediction for Obe….

Baytex looks like they have made their moves in Peace River....they got some more land from Grizzly, bought Lineup resources and BTE got more Peavine land from Tamarack.... BTE has over 2 billion in ...more  
Comment by L2smonon May 06, 2025 1:29pm

RE:RE:RE:Prediction for Obe….

hopefully they timed the buyback right, BTE bought back at higher prices and now when shares are cheaper they decided to pay down debts instead
Comment by L2smonon May 06, 2025 1:23pm

RE:Prediction for Obe….

Wouldn't BTE be a direct competitor in acquire the said company? PR reserves for both companies are quite weak, OBE highlighted only 8 years of 2P even after acquiring the PROP.  But props to ...more  
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  • HelloworldX
Comment by Helloworldon May 06, 2025 11:00am

RE:RE:RE:Prediction for Obe….

Obe is valued at about 20k per barrel. Cheaper to buy back stock then drill here. SL typically looks to maximize shareholder value and I don't think that changes here.  I think announces ...more  
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  • thetruth54X
Comment by thetruth54on May 06, 2025 10:29am

RE:RE:RE:Prediction for Obe….

Your not an investor. You are just gambling. You buy stocks with no dividend and just hope. You would be better off going to Vegas and losing your money there as at least you would enjoy losing it. It ...more  
Comment by kavern23on May 06, 2025 10:09am

RE:RE:Prediction for Obe….

Hendrick...like look at this tweet: https://x.com/EnergyInvest0r/status/1918376818177970625 OBE bought back 2.1m shares or close to 3% of shares outstanding just in month of Aprl..... Never ...more  
Comment by kavern23on May 06, 2025 10:01am

RE:RE:Prediction for Obe….

I hope I am correct as well...ridcoulous to be able to buy shares this morning under 5.50. Didnt think I would have a chance this morning as well to buy with oil up 2 bucks. I grabbed a ton as well ...more  
Post by filefishon May 06, 2025 7:47am

OBE Short positions

Quotestream indicates that the short positions rose from 1.12mil on 2/15 to 2.62mil on 4/15. 5/1 has not been posted yet, but will be interesting to see..  
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