Obsidian Energy Ltd T.OBE

Perspective

[JohnJBond]

OBE was up 5c on the week!

Its amusing how perspective affects stock perception

[ppp]

Yes it does. IMO, the best thing that could of happened. Keeps the managements of these companies from going all in when it comes to production increases. Nothing is forsure in the oil market these days, thats why having debt to CF under 1 is important. I bought a few today, but I will be keeping a close eye on Capex. 

[kavern23]

Yeah, Obe closed at 4.45 on Friday Nov 17th. I was thinking last night at 74.50 Wti we would be realistically fortunate to be at 4.55-4.60. 68.18 Wti and 4.48 close ...I will take it on a black friday lol. Margin call shouldnt even require a deposit. At 4.30 she was rough for sure. Chinese must be buying alot of this cheap oil.

[JohnJBond]

Black Firday sales came to the stock and oil markets this year :-)

[Kramerkarma]

better yet oil was 74 and obe 5.15 in July that's the equivalent of 4.73 today without lower debt and higher production and higher fx on our side and gas hedged at 2.3... crazy

[kavern23]

Some cold weather soon to North America would be nice lol. USA LNG gas feed demand hit 12.3 BCF today...all time record.  Europe and Asia have the exports of NG from USA at a max right now and this should continue for many many days into the future. Another LNG train does come online in the USA in Q1.  This will alllow USA to break this range. Just need some cold weather with this LNG