Obsidian Energy Ltd T.OBE

Minipuzzle...

[kavern23]

I think I have a pretty good handle on everything related to OBE except for one mini thing that puzzles me.

I am puzzled why we are so underpromoted right now...from the investor presentation to the lack of 2022 guidance. I mean f*ck Yangarra has even given a guidance.

I am sure the lack of promotion will make sense as time passes. Prob some good reason.

But looking pack over the course of events....OBE telegraphs their moves sometimes.

OBE did an operational update on Oct 27th.
Nov 2 they announce PROP buy.

Obvious now that part of the reason for the operational update for to help garner interest and stenghten stock price to float share financing to investors.

I totally trust process I am sure good reason why.
Stephen is a genuis.

On Dec 5th 2021...that was like the second year aniv. of him as CEO.

Stephen has done so much in 2 years time.

A person is f*cked as an oil and gas investor if the CEO doesnt have a clue.
I am very happy with Stephen's performance.

I am sure something and a press release comes out one of these days.  It will all make sense.

[kavern23]

I mean it is a small thing but we don't know if any new hedging. And we know some hedging was forced to take place on PROP deal. What prices were they done at? Almost like another investor presentation is being drawn up that would have more details like that.

[Tim14235]

Things are off. The hedges, the incomplete guidance, lack of marketing or updates. I too think something is coming soon. Things smell again

[kavern23]

I totally agree Tim. If a new investor looked at our presentation they would be left with impression OBE is a 25,00 BOE producer.  Isn't any mention of corp production being higher anywhere on any slide,

[Mickey2]

i am waiting and waiting..before i load up 10 to 20 thousand shares of OBE...i just don't know where the bottom is yet? adding a few there and over there....but have not click buy button on my large buy order yet.

[kavern23]

I am hoping it doesn't test 4.30.  Seems above 4.40 ish is the bottom so far. Got margin call room for this close at 4.30. OBE is so extreme in both directions. Wild. Operationally everything seems smooth...Peace River spudded a new well recently...same in Pembina. Everything seems on pace.

[JohnJBond]

OBE Is controlled and run by a hedge fund  If you were a managing partner in that Hedge fund what would you be wanting to do right now? If it were me Id be wanting it all That's an awkward spot to be in.    You want to implement your strategy as fast as possible, but you also want to make a tender offer for all outstanding shares at some point.     If you were

[kavern23]

I don't think that can be the reason because they couldnt tender a price lower then PDP value or they would have a lawsuit from a bunch of us....we all would be exchanging phone numbers for a lawyer on a 4.75 tender lol. 4.75 kinds seems to be where this stock trendlines.....with +- 20 cents either direction. While still remote...OBE being under promoted and held at 4.75 makes more sense if

[JohnJBond]

The difference between a $10 or $20 tender offer, or tender offer from elsewhere, is promotion today  If you were front four, why would you promote what you already know.    You'd be quite happy with the current share price 

[JohnJBond]

OBE is in the accumulation phase.     Someone connected to the president apparently picked up a large block of the recent private placement  Promotion and accumulation don't go together