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 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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TSX:OBE - Post Discussion

Obsidian Energy Ltd > TSX Short Interest

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Post by Tim14235 on Nov 19, 2021 3:43pm

TSX Short Interest

Up 800k. There is our offer shorts. I think in US it is illegal to short into a pipe. But legal in Canada. They cover with the deal. Or maybe they will cover ATM

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Comment by pennydredful on Nov 19, 2021 4:15pm

will decline once .R converts so then true short position will be known.

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Comment by Tim14235 on Nov 19, 2021 4:25pm

and if .r does not convert? I wonder what would happen then. Not like this name got rewarded for this great proposed deal

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Comment by kavern23 on Nov 19, 2021 6:16pm

We may not have got rewarded for the deal...but we are like most stocks today.... Most energy stocks are treading back to the range they traded when WTI was abit over 75 ish in late September. Obe was like 4.40-4.50 in late sept with this oil price and we are here again. Which isn't a bad thing as WTI should spring back up and OBE should spring with it..

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Comment by JohnJBond on Nov 20, 2021 1:44am

The PROP acquisition is good for OBE The share price volatility was caused by the private placement of the receipts There will be an incentive to close these shorts if the price gets to 4:40 Given that China has been rationing deisel to truck drivers it seems they have a major shortage and they will buy all they can get. Any sell off in oil is likely to generate ...more

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