Obsidian Energy Ltd T.OBE

large oil draw of over 4 million

[Mickey2]

perhaps we dont do $62 today   :)

[kavern23]

Mickey it just shows how Covid has emotionally taken over peoples minds..... One of the most bullish EIA reports in weeks.....even months Draw in every product...from oil to gas to distillistes...to propane..... Total stocks draw was over 15m barrels if including it all. USA production stayed flat at 11.7M barrels...

[JohnJBond]

Wow that was a positive EIA report Only neg in the whole thing was an increase of 100,000 boe from lower 48 states.     This is their min unit so they round up or down so likely reflects a much smaller actual increase Judy crossing the mid point causing a round up 

[JohnJBond]

The irony is oil is slipping because the $US is increasing Because of expectations of higher interest rates This US$ increase is resulting in decline in C$  Net result for OBE is minor because change in oil and $C largely offset each other 

[WanTBe1]

Time is now for OBE to buy back shares.

[Mickey2]

no, thats the last thing i want OBE to day..i want debt reduction 1st.

[Mickey2]

i meant to post thats the last thing(buying back shares) OBE needs to do...i want OBE to pay down debt 1st.

[JohnJBond]

Agreed, people wanting a share buy back are self taught

[kavern23]

At least that massive block for sale at 4.22 gotten taken out.  30000 share block is hard to take out on a day like today. Gives some hope of a 4.30 close today. Hard to tell. Market depth doesnt have much for sale or much on bids right lol. The danger of falling below 4.10 is at least gone.

[kavern23]

F*ck this and f*ck Covid.  Couldnt get money transferred in until now. Got 3000 at 4.29 and then had to chase 2000 more at 4.31....dont care if I could have got it a few cents cheaper.

[kavern23]

With plus 70 WTI, Aeco is almost over 4 bucks...and OBE's production increasing monthly due to new wells...doesnt seem that scary to buy OBE right now if one can ignore the "background fear and noise".... Now that knock on wood I shouldnt have the sub 4.20 margin call....looking safer to buy. Hoping for 5000 more shares today if price is right. OBE is insanely cheap.  Right