Obsidian Energy Ltd T.OBE

You are cheerleading and not looking at the facts

[thetruth54]

First of all, if as you say Loukas is such a genius why is that his hedge fund has gone from almost 400 million under management to about 60 million. I am totally fair minded about Loukas. I supported him from the very first day he started when no investors on any of the online boards would. I gave him credit for saving the company and a brillant deal to dupe the Chinese into selling the balance of the Peace River. That is what got him the permanent job as CEO. But unlike you I also see a number of failures since then. Perhaps it is because he has never been a CEO. Just to name a few: he almost gave the company away to BNE. Thank God they have incredibly stupid managemnt and turned it down. Sorry but genuises as you have portrayed him don't do things like that. Then there was his announced plan to consolidate the Carduim. Nothing to date has happened with that plan. Then last year he announced a large capital spending program to drill more. That plan was retracted. Now we have the buyback program which my gut says will never be fulfilled like all of his other intiatives to date. He seems to be throwing you know what up against the wal to see what sticks. Then there is the total failure to engage investors. Just look at the low volume OBE has had the last year or so. It is pathetic. Plans mean nothing without folow through and execution. I live in the real world and look at the facts. I don't sit there and cheerlead,hope and see everything through rose colored glasses. The fact is that Obe has been a chronically undervalued stock because of management. Loukas and company are running the show and they are responsible for creating shareholder value. The stock is currently a little over $8 US when the company without the new Peace River plan is worth North of $20 US. I don't care what those other pathetic Candian oil stocks you cited are doing. As an investor you can't take any of those good feeling rationalizations to the bank. This is an investmentand some of the children on this board want to make it into a feel good cheer leading event. When Loukas executes his plans and creates shareholder value resulting in a fair valuation and or dividend which the long suffering Obe investors deserve I will be the first person to congratualte him. Until then stop the childish cheerleading. Mr. Loukas  you need to show all Obe investors the money or they will show you the door!!!!!!!!!!!!

[kavern23]

I am not cheerleading without looking at the facts. Number 1, I recognize the challenges of the Cardium that all operators face. The Cardium has been drilled with horizontal wells and frac since what...2010 ish.  Alot of the good acres have been drilled out in the Cardium already. As years pass by, the cardium locations being drilled mostly are weaker oil producers or more gassy. OR have to

[kavern23]

The biggest point I am trying to make is it is not sustainable for: IPO, YGR, BNE, OBE, ENtrada, Petrus to all run rigs hard year after year in Cardium. Every 1.5month looking at 6000 acres of land drilled up with this 6 rigs.

[kavern23]

One other point here thetruth54....if OBE was ever to buy a cardium competitor in future years they would be getting the company with a likely improved balancesheet. Example, BNE and IPO and Entrada balacesheet is improving with high oil prices right now but is the number of tier future cardium drilling locations increasing for any of these companies? OBE can wait this out. Scarity of high tier

[Mickey2]

what is Entrada? a company? a symbol? i cannot locate it on any exchange

[kavern23]

Entrada is not listed, private company.  One of the few companies that has more oily side locations left to drill. In theory if it is ever for sale, a fit for IPO, BNE, OBE and even YGR too an extent. Although would be wierd for IPO to ever buy Entrada as they are investing in more natual gas capacity in that area and one would think if buying Entrada they wouldnt do this. A company Entrada

[masfortuna]

It's not for sale kavern.