Obsidian Energy Ltd T.OBE

news release from a few days ago

[gordo323]

Calgary, Alberta--(Newsfile Corp. - January 18, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2023 capital budget and associated guidance after North American markets close on Monday, January 30, 2023. At the same time, we will be providing our intentions regarding continued debt repayment and shareholder return of capital, as well as the results of our independent reserves evaluation for the year ended December 31, 2022, prepared by GLJ Ltd.

It looks like a return of capital or a div. is in the cards folks.

[JohnJBond]

Mgmt has already made their intentions clear. Get to net debt of $225 million, and then use some free cash flow to return to shareholders. They said that return to shareholders would be in the form of a share buy back (at current share prices). Translation, if the share price is under $20, expect all return to shareholders to be in the form of a share buy back. In Canada, companies need to get