Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions Dennis da Silva
Obsidian EnergyOBE.TOSELLNov 08, 2012
Dennis da SilvaOwned
$10.48
Stock price when the opinion was issued
$15.85
As of Aug 28, 2026. Market Open.
oilgas
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
PAST TOP PICK
(A Top Pick Oct 22/18, Down 88%) He sold at $3.22, taking a big loss. They have a lot of worries. They are looking to sell the company. They might just liquidate the company, but clean up could be very expensive. He does not like stock consolidations and used that as a trigger to get out. He would not buy this now. He made a mistake -- when debt came down, so too did revenues.
oilgas
RISKY
They have put themselves up for sale. They are a Cardium player with quite a bit of debt. They have a lot of non-producing wells. People are worried about how much value there really is in the company after debts are paid off.
Josef SchachterOwned
oilgas
DON'T BUY
New interim president and CEO. Pretty good numbers on cardium wells. Issue is the debt. Debt is 22% of equity, but it's going the wrong way. Declining production and volumes. Not as attractive as the others. Need to show they can grow core numbers of the cardium. Guidance is negative. Capex is about equal to cash flow.
oilgas
HOLD
A takeover candidate? He was wrong with this. He recently moved it from a buy to a hold. It's high-risk and high-reward, has "danger" written across it. He likes the idea of a takeover, but doesn't know if it'll happen. This could be a good play in oil/gas with a lot of potential. He hasn't sold it, but at the same bankruptcy remains a real possibility.
Benj GallanderOwned
oilgas
TOP PICK
They had over $3 Billion in debt but it is down to $408 Million due to them selling off a lot of assets. They had to hedge to survive and they all come off in the new year. The company loses money quarter after quarter, but that could change. There is huge insider buying. A major property of theirs came in on time and under budget.
Benj GallanderOwned
oilgas
It is clear it is a major underperformer. Recent cleanup of senior managers leaves it with a very capable CEO. He is left to see who he will bring in. It is a case of getting the right efficiencies out of the asset base, which is good. Payout ratio is about 150%, not sustainable. Good thing is that they have been able to do some asset sales, which clean up the balance sheet. Sell until the transition period is over. It is dead money. It could take a year.