Obsidian Energy Ltd T.OBE

Divy vs Sharebuyback...

[kavern23]

For any investors that question divy vs sharebuyback in the future for most companies in 2022 or 2023 when they can afford it...I am talking the whole canadian mid cap and smaller sector....today was a good day in first two hours of trading to see what is more effective use of capital to shareholders.

Right now with lack of liquidity, I think companies with agressive share buybacks are holding much better then companies with token divy increases. Share buybacks can save illquid low tradng stocks on days like today.  I mean OBE hit 3.98 at one point...earlier today was bad....yet the share buyback companies held very well.

IPCO was up 10 cents today...they have agressive buyback.  IPCO should have sunk today when oil was sub 67. 
Total has held decent through Oricom...they have an agressive buyback.

Be nice when OBE's books are fixed in 2022 because a buyback is needed more then a divy right now in order of priorities.  Buyback provides another anchor of support.
IPCO strenght in that bath impressed me.

[kavern23]

IPCO is likely at a 6.20 range without the share buyback vs  6.91 now. IPCO have alot of heavy oil in Canada...they should have got killed the moment Cardinal, Surge, and Obsidian were getting whipped like a mule.  IF IPCO did a token 3 cents a Q divy they would have got whipped likely....was the buyback the last fee weeks. This morning heavy oil companies should have been getting

[pennydredful]

Another  point  is dividends are  taxable so part of the money goes to the government .  While a buyback may  increase your  partly taxable capital gain YOU  control  when you sell  or realize  except  in the case of  a takeover  which presumably  is at a premium  to cover any tax. Because the industry is  so capital

[TheRexmember]

I want all of it. Debt reduction, A divvy, some buy backs and growth.  how pissed off will we be if there is minimal growth and oil hits 120.00?  small sustainable dividend plus variable pay outs so it doesn't crater in price drops a set number pf rigs turning all year long to keep costs down - like YGR - for a little growth.