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TSE:OBE

Obsidian Energy (OBE.TO)

15.85
-0.51 (3.12%)
as of Aug 28, 2026, 8:00:00 pm Market Open.
127 watching
0
Investor Insights
star iconAug 30, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

Obsidian Energy (OBE-T) is currently a focus for several analysts, primarily due to its substantial exposure to oil and gas, with a favorable mix of approximately 70% oil and 30% gas. The market has shown enthusiasm this summer regarding its Clearwater exposure, suggesting potential for growth. Furthermore, the company possesses significant tax pools, implying that it may avoid tax payments for a decade, adding to its investment appeal. However, some experts highlight that the company's CEO is somewhat contentious, and despite reasonable well results, its small market cap renders it less relevant for institutional investors. This creates a conflicting perspective on whether it's a worthwhile investment, with some suggesting cautious holding for existing investors.

consensus icon
Consensus
Hold
valuation icon
Valuation
Undervalued
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BUY
Has come off quite a bit from its high but feels it will recover over time based on earnings and some stability in oil prices at around $90. His target would be the mid-$20's in the first half of next year.
TOP PICK
Great land position in Western Canada. Spending about $1-$1.2 billion on Cap X and really concentrating on their tight oil areas. Did a joint venture and thinks they will do more. A way of monetizing assets and raising money cheaply.
BUY
If 2 or 3 years it is a great name. If one year, it has lagged a bit. It is in a consolidation and ‘show me’ stage. There are names you can do better with in the next 12 months.
HOLD
Still have huge landholdings in Alberta. Management has not been the swiftest in developing the land. Stock has recently run up quite nicely and he considers it to be fully priced.
BUY ON WEAKNESS
Has had a great run recently and really likes it but he would probably wait for a dip to Buy.
BUY
Not a bad place to be. Yield of over 4%. Long life assets. Has an enviable suite of light oil drilling prospects.
COMMENT
Company expects 3%-5% production growth this year. Involved in some very attractive properties but investors are a little sceptical that management can fulfill its promises.
BUY
Cut distribution during conversion, a lot more than competitors because they want to grow the company. Spectacular lands in Alberta. A growth situation. Has bumped from 2.5% to 5% position.
PAST TOP PICK
(A Top Pick Nov 25/09. Up 26.93%.) Rotated a lot of his energy exposure, including this one, into the oily names.
PAST TOP PICK
(A Top Pick Nov 11/09. Up 34.61%.)
BUY
Was in the doghouse but in the last couple of months is up by about 20% when they announced their distribution cut. Have done a couple of joint ventures, which is good. Have exceptional properties in Alberta. 4.6% yield.
WAIT
What happens after conversion depends on price of oil plus other factors.
TOP PICK
Looks like it is breaking out and will rally to $26. Large company, nice and liquid. You can get in and out of it fairly quickly.
PAST TOP PICK
(A Top Pick Nov 11/09. Up 19.84%.) Still likes.
DON'T BUY
Have done some smart things to get to developing assets that they wouldn't otherwise get to. Have acquired some high-quality long life assets. In the short term there has been quite a run up and there are still some operational issues.
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