Obsidian Energy Ltd T.OBE

Receipts settling next week at 4.40

[pennydredful]

could    weigh  on  the stock   so  buyers  may  want  to reserve some dry powder.

[kavern23]

I am wrestling that...how much powder to keep dry. Needing only two brokers RJ and Stifel to raise 22M even at 4.40 looked really strong. You trend with a ruler OBE price since Oct 1..been blips and spikes but in general the ruler would come at 4.80-4.85.  Sure as shareholder I had wishful thinking for abit higher but taking emotions out...4.40 was really strong price. Prob alot of

[oilypants]

'We have such a stellar Q4 coming ' You said same about Q2 & Q3/POOP! And the stock tanked! More dishonesty.

[Tim14235]

I just buy a lot every dime and create an average.  

[oilypants]

I think Timothy what you are trying to say in your own simple way is like to catch a falling knife. Especially when brokavern tells you what a great a buying opportunity it has become since July. Its below its high when majority OG names are higher!

[Tim14235]

It is the offering dynamic at work.  A lot of new shareholders at discount prices.  So naturally a lot of voliatilty given pipe hedging and speculative shorters. BTW, you never answered why you think PROP is bad for our ARO?  After which I asked you if you knew our company LMR Ratio and the PROP asset LMR....  If you can answer those, you will find our that our LMR increases

[oilypants]

'why ARO matters when it has no term' I would like to wrap my arms around you and give you a hug you are a blissful boob when it comes to understanding the energy patch. In every meeting I have had it comes up. Nobody in the patch wanted to touch OBE when frontfour shopped the company. That overhang wont go away anytime soon and its a big albatross around OBEs neck. Deals will be harder

[Tim14235]

Continue to avoid getting into technical talk. Instead anecdotal stories of your meetings lol

[Hendrick3]

I have to weigh in here because oilypants doesn't have a clue about ARO.  ARO was an issue when oil prices were $35. The reason is that the red water ruling makes ARO the first creditor in event of bankruptcy. The approximately $600 million which discounts to under $100 becomes closer to $600 million if bankruptcy is imminent. With oil at $80, there is not a chance in hades of

[Kramerkarma]

you'll notice everyone screaming aro but never actually noticing we've had aro removal of $4 for every $1 spent. Additionally noone will peep about tax pools as it blows aro out of the water. And this is $80 oil ... these guys forget 2020 is getting further behind us.

[JohnJBond]

The private placement process works by having several moving parts.   The two main parts are  1. A manager (investment bank) 2. A group of buyers that will always say yes to an offer to buy into an IPO or secondary offering  In order for 2 to always work several things must happen  1.  The shares must be offered at a discount  2.  The buyers must have access

[Tim14235]

Would be funny to see Loukas pull out of deal and take another opportunity forcing all the preshorted shares to run

[GunnerG]

The last part of this post is hilarious. BNE got greedy?  LOL  The BNE board never engaged with OBE and eventually told OBE to take a hike; and the majority of BNE shareholders agreed.  It was OBE who extended the acceptance date, three times I believe, maybe four.  OBE also lowered the minimum tender to 50% when they saw their offer going nowhere. LOL, BNE got greedy and

[oilypants]

Gunner Your post illustrates how dishonest posters are here. BNE got greedy fiction and revisionist history. Same posters pushed the deal. Lets keep this board honest good job Gunner!

[pennydredful]

There  was   no   Private  Placement .  The receipts   were  a  public offering  that   will   be  listed   on  the  settlement     date.