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Bullboard - Stock Discussion Forum Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing... see more

TSX:OBE - Post Discussion

Obsidian Energy Ltd > Good Video To Watch
View:
Post by JohnJBond on Jan 03, 2023 2:23pm

Good Video To Watch

Comment by Hightowntrader on Jan 03, 2023 9:24pm
Shubham has this pegged as a 3x stock at $100 oil and todays $8 price...I almost thought I might get some in the 7's today, but I took advantage of todays 10% off sale. Only tomorrow will tell me if I regret my $8.05 purchase, but I still think this is a hidden gem. GL to all.
Comment by JohnJBond on Jan 03, 2023 11:26pm
His macro analysis is excellent His technical analysis is excellent  His valuations have some room for improvement (he is an engineer not a financial analyst).   I suspect they will get better quickly  At this point getting the macro right is the critical success factor  I share his macro view  If that view is accurate, then pretty well all Canadian oil ...more  
Comment by Hightowntrader on Jan 04, 2023 7:38pm
Like I said, totally awesome move to buy yesterday...lol.  7.?? wasn't really going to happen was it? ;)
Comment by JohnJBond on Jan 04, 2023 8:26pm
Chances are $8.05 was a pretty awesome purchase. At $75WTI they probably have annual fund flow of about $500 million. Which is FFO of about $6.1 per share. Buying $6.1 in funds flow per share for $8.05 sounds pretty awesome to me.    Thats about 1.3X funds flows. Opportunities like that do not come around very often Any time you can by funds flow for 1.3x, when total funds ...more