Obsidian Energy Ltd T.OBE

Near.term news

[JohnJBond]

Last year OBE updated their reserves on Feb 17 for the year ended Dec 31/20

At that time WTI oiil was about $48

Next week or the week after, OBE will likely release their new reserves as of Dec 31/21

The upcoming reserve numbers should be good.

OBE may reverse prior write downs 

OBEs reserves should be larger.   Their present value should be much higher given higher prices 

It should be a very positive news release and positive to the share price

[Hendrick3]

And then will be 2021 full year results followed by very successful operational updates, followed by the refinancing etc etc. The momentum on this name should continue throughout the year. 

[JohnJBond]

There are so many positive things lining up concurrently  1.  End of the pandemic - now official policy in Denmark (the world leader on scientific understanding on covid) and South Africa (the omicron sentinel) 2.  Years of future oil supply destruction by the anti capitalists (global warmers or whatever you choose to call them) 3.  Reduction of debt to less than 1x