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Obsidian EnergyOBE.TOHOLDOct 14, 2016Stock price when the opinion was issued
As of Aug 28, 2026. Market Open.
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.
Thinks this has a fair amount of gas in its production. Although energy stocks in general have not been doing that well, the price of gas has just entered into a period of seasonal strength. Technically the chart is showing an improvement with the stock moving in an upward trend. Buy it for a move until around the 2nd week in December.