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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 > Obe Investors: Vote No on all compensation resolutions!
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Post by thetruth54 on May 21, 2023 12:54pm

Obe Investors: Vote No on all compensation resolutions!

As a long term investor that goes back 16 years to the Penn West days, I am sick and tired of Obe management doing everything for themselves and nothing to date for the investors: no buyback and no diividend. This is why to a great extent this stock has been chronically undervalued. We as Obe investors need to send Loukas and the board a strong message that we are fed up. I support Loukas and have been a strong advocate of his right from the start even when almost no other investors wanted him as CEO. But patience does not do justice to what long term investors have had to bear with this stock. Where is this great buyback Loukas promissed Obe investors? It seems as Obe investors always get treated as second rate citizens. I for one am fed up with this attitude and I hope that all Obe investors send the same message that I did and hope that you will. It is our hard earned money we have invested and we as Obe investors deserve better than a sub US $6 stock with no buyback to date and no dividend. If we don't get treated right we need to send a message to mangement that you will not be treated right. This attitude that investors should come last has got to stop. Please vote against all the compensation resolutions. Send Loukas and the board a strong message that we count. Thanks and good luck to all Obe investors.
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