Obsidian Energy (OBE.TO) Buy, Sell or Hold

Obsidian Energy (OBE.TO)

15.93

+0.24 (1.53%)

as of Sep 23, 2026, 3:18:44 pm Market Open.

127 watching

COMMENT

Have about $5 or $6 billion in tax credits and hold about 5 million acres of land. Cut distributions just like everybody else. If oil goes up, you will likely see an increase in the payouts.

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DON'T BUY

Think they are going to have headwinds on both short-term and long-term aspects. Recently raised some money but not all that issue has he sold. Very few institutions participated. Struggling to replace production. Distributions are too high.

COMMENT

Cut distributions and CapX programs. Recently did an issue to shore up the balance sheet and cut back debt. Will benefit from rising oil/gas prices. Well-managed. Would look at this one.

DON'T BUY

Reduced their guidance from 210 thousand BOE's to 180 thousand. Very healthy tax pools that will take them to 2012-2013. Would be concerned with production levels and commodity prices.

COMMENT

If oil/gas prices go down and stay down, distributions will be cut. Have $5.5 billion in tax pools so when they have to convert they will not be paying the full rate of tax. If oil stays in the $70-$100 range distribution should be sustainable.

BUY

Likes this one. Has a decent yield even though it earnings are under some pressure. Has quite a decent balance sheet. Cheaper than most of the other oils.

BUY

(Market Call Minute.) A survivor. 5th largest oil/gas company in Canada.

COMMENT

Like a lot of the oil trusts, with much lower oil prices, there will be further distribution cuts. Would be nervous holding this one.

HOLD

3 year Hold? Market is anticipating correctly that distributions will be cut on a number of oil/gas trusts. Management is a little slow off the mark but have an excellent property spread. Even if they cut their payout in half it is still yielding 15%.

BUY

All of the energy income trusts are screening really nicely right now. The best one in the group is Canadian Oil Sands (COS.UN-T).

BUY

(Market Call Minute.) 5th largest producer of oil/gas in the country. Can throttle down or throttle up projects depending on where they are in geographical regions.

BUY

One of the better run income trusts. Likes income trusts. Some of them will convert to dividends but even then have 4 to 5 years of tax carried forward so you will still have tax-free cash flow for a number of years. This is one of the companies that will make it. 22% distribution, which might be a little high, but the payout ratio is only 58%. Have also been increasing production.

DON'T BUY

Has not been that happy with the company in the last little while. Has huge land holdings and it looked like they were actively getting people to come in and drill but that program seems to have died out. Distribution is probably in danger. Prefers others.

DON'T BUY

This would not be his first choice in this environment. Not a bad name, but prefers others. (See Top Picks.)

HOLD

(Market Call Minute.) 5th largest producer in Canada. Can't see any catalyst for the upside.

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Obsidian Energy (OBE.TO)