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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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HOLD
Owns but not as a core position. Concerned that they continually don’t hit their numbers but there are very large option values on the option base. Largest land base in Canada. As a long-term investor he is content to Hold.
BUY
Evenly split between oil and gas. Fair amount of tax pools, which will carry them to about 2014. Well run trust.
BUY
Very large oil/gas producer that ranks #5 in the country. In spite of all the volatility, royalty trusts have done pretty well because you are getting paid to wait. Because of its size, scale and experience it should be a successful corporation when trusts have to change. 13% yield.
HOLD
Not too glamorous of late. Good distribution at 13.3%.
DON'T BUY
Not particularly good operators. Ton of undeveloped land. Keeps expecting them to do better. Yield is excellent because of lower stock price, which reflects general disappointment of investors.
HOLD
Recently acquired Endev Energy (ENE-T), which he owned. Outlook is quite strong. Continued exploration development. Made about 3 acquisitions over the last several months and complementing this with increased drilling. Controlling payouts of cash flow quite nicely and will have to do this over the next 2 years.
COMMENT
Really hasn't moved like some of the others, so is undervalued. A “wait-and-see” management on their ability to incorporate their acquisitions. It should do better in future.
BUY
They bought Canetic and Vault at the end of last year, which resulted in some extra stock out there. Also, they're finding costs per barrel is a little higher than he likes. However, it pays 11.5%. Because of high oil prices, they'll probably have extra payouts.
HOLD
This is a good one and with energy prices what they are it should be a sustainable distribution. Have tax pools so they won't get taxed for a while.
BUY
Has the advantage of about $6 billion in tax pools meaning you don’t have to worry about the taxes in 2011 for several years. Management is doing an extensive review of its options. Pretty good yield.
BUY
Represents fairly good value. Yield of over 11.5%. A lot of tax pools so that even when they convert to a corporation in 2011 it will be some time before they have to pay any significant tax.
BUY
Attractively valued and should go higher. One of the largest holders of Legacy Oil reservoirs. With enhanced recovery from CO2 flooding they are able to increase recovery. Should go higher.
COMMENT
Have no trusts in his portfolio. Trusts will have to convert back into corporations. When that happens, they have a haircut of about 30%. His model price is $51.37, and upside of about 51%.
HOLD
Thinks it could go a little higher. Hold onto it for the next 12-18 months
BUY
Good exposure to gas. Good properties. Has about a 12% yield. For a long-term investor, it is probably a fairly good investment. On his radar screen.
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