Obsidian Energy Ltd T.OBE

Over 7 in 5 trading days

[Hendrick3]

Our stock is on fire. I have seen rallies like this but never where I owned a boatload of the stock. I can't keep celebrating like this. My kidney and liver are not pleased.

[kavern23]

Huge congrats Hendrick!  You deserve it! On those red days in the summer, you never disappeared...even when this board got polluted with trolls. And thanks for the post on Bonterra...hahhahaha...someone had to say something on the BNE board. If you didnt post then I would have.  Lol I would have more agressive  but one post is enough no need for me to rub salt in the wounds of bne

[gordo323]

evel II   OBSIDIAN ENERGY LTD. (CA:OBE) Size Bid Ask Size 500 7.00 7.07 400 400 6.90 7.10 2000 8000 6.89 7.14 1800 100 6.87 7.15

[Mickey2]

good luck with your 31,000 shares of YGR Hendrick.  Can you share what target or what you're looking for with YGR. sorry to spam here...but i follow everything that is posted here and there is plenty of talk about YGR here.

[Hendrick3]

That was an add of 31,000 shares so a total of almost 75,000. My target for ygr is $2.50 which should be realized in Feb/ March time frame after reserves report and 4 q are released. I think this whole sector goes higher in the weeks ahead. 

[Mickey2]

I see YGR was above $6 in 2018...and has never approached it again where as others are nearing or already surpassed their 2018 stock price.  I'll be watching YGR with interest. OBE is still my #1 however.

[JohnJBond]

Comparing OBE and YGR is an interesting one for the following reason. OBE's 2022 stated strategy is to start paying (or at least declaring) a dividend sometime (mid) this year.    We don't know the size of the dividend or their intended payout ratio.   The expectation is it will not be a vestigial dividend.    YGR 2022 stated strategy is to focus

[Mickey2]

i am completely unaware OBE wants to pay a divi mid year or there abouts. Is it written somewhere in a news release? or during an interview?

[JohnJBond]

OBE's stated intent is to paydown debt and change its structure to primarily long term so they can get away from the convenants on the existing debt, which would include limits on dividends. As I write this I can't think of any specific document to refer you to - if you go through prior records you may find it. Its the main point of owning OBE.    The expectation that they

[Hendrick3]

JJ, I think your expectations about a dividend coming was based on an exchange I had with Loukas a couple of months back. In my exchange he said they would be refinancing debt with an expected completion date of June 30, 2022. Once they have hit the prescribed debt to cash flow levels which I believe is 1 times and the debt is refinanced, they will start a dividend program. Based on the current

[JohnJBond]

H, you may have noticed the recent increased analyst 12 month target prices for CPG.    TD for example increased their target from $12 to $19.5. I mention this because although CPG is a larger company than OBE, and thereby percieved to be lower in market risk, OBE is superior in terms of share price metrics. ie, any 12 month target for CPG is likely not far off a 12 month target