Opinions Swanzy Quarshie
Obsidian EnergyOBE.TODON'T BUYDec 02, 2015
Stock price when the opinion was issued
As of Jun 09, 2026. Market Open.
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Josef Schachter
Benj Gallander
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 GallanderIt could be sold before the end of the year. Results today were not very good. They are looking to sell some of their properties. They have these hedges in place at $50 and the oil price is much higher now. They still have a fair amount of debt. He is happy to hold it. We will see more pieces coming off. It is still high risk due to the debt. This one might get taken over so he holds it.
Have had challenges and is not a story she has invested in. Likes companies that grow value for shareholders, and this company has essentially done the opposite. You get less and less barrels per share, less NAV per share. Have some great assets and have done a lot to try to transition the company, however with oil prices, it makes it very difficult. They are going to have to sell a lot of assets to fix their balance sheet problems.