Obsidian Energy Ltd T.OBE

Today...

[kavern23]

In pain lol...f*ck f*ck made a small error....tired and sloppy.

I was supposed to sell a tiny amount of OBE today if I could  (over 4.30)for only purpose of replacing some YGR i was forced to sell yesterday when OBE tanked.  I needed to raise money to buy those shares at 4.08.
I f*cked around and could have had 1.30 earlier and now YGR is 1.39 so no point in getting back those YGR shares.....yet...

Still need 15-20k of YGR shares  that omi "con"  swoon made me unload to raise cash.

Pumped to see OBE over 4.35 and WTI over 70...LETS F*CKING GO!

[Kramerkarma]

and look at the CAD Baha 1.29 at 70wti

[kavern23]

I don't think market is really considering the growth here.... PROP 45 Addition : 2400 BOE Drill Bit growth since Q3 production: 2100 BOE OBE December production is going to be 4200 BOE plus bigger then Q3 average production. The January with the influx of wells tied in....30,0000 BOE should be attianable or close. If commodity prices can hold...we should all make alot of of money here

[Kramerkarma]

that's what I'm doing. Don't forget 500 bbl at $100 ontop of the 4.63 gas ... best in class growth and prices.

[kavern23]

Did you make any moves today? Once I felt like OBE wasn't going to break 4.40 (today) like Pennydreadful also commented on. I sold the shares I bought under 4.10 yesterday  at 4.37-4.39 to rebuy some YGR at 1.40-1.41 today. Kinda a f*ck up on my part...should have been done when YGR was 1.35 but I think a shorter started covering in YGR today (national bank). With margin retrigger

[Kramerkarma]

no I had thoes JOY I sold at 2.09/2.10 for OBE at 4.26... I was expecting more like IPO (JOY) to stall out with this pull back after run up. I guess not so kinda lost a little (would be profit) today. Looked at ITE and PNE both had good news. ItE with 10.2% dividend and PNE with 5mill debt add 20M /1,900 boe. To make 21k boe. But it's a long game and OBE has to start running soon. 240M/yr 22

[Kramerkarma]

But I moved to more liquids (OBE vs JOY) and higher q4 fixed prices and higher growth as a % ... I am happy to have captured the 1.33-2.10 and still have 25% ish exposure. I'm still convinced 2017 what OBE was $17 per share equivalent with 70cad or wti 50 hedges at 30k boe and like $2 year average nat gas I'll go look again. But when 30% of your product is $12 it makes a dent and the CAD

[kavern23]

I would take a 4.45 close tomorrow.  To get past that tomorrow we likely need some many right things to fall into place. Either gasoline inventory numbers or USA oil production have the potential to sink things back to 4.24 or lower. During Omi'con' the market will look for any reason to sell down. A 5 m gasoline build while unliklely would be -2  or more.... Fingers

[Kramerkarma]

4.17 AECO yesterday. So our hedges are still in the money but more importantly that's the lowest barrels at $25 ... thats awesome at 30% ish and $84 being our top barrels 60% ish . $66 being our middle 5% and $50/5%