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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
A gas prone trust. Has the largest land position in Canada.
TOP PICK
Has a bit of a discount relative to its peers because it's so big and with about 100,000 barrels a day, replacement of production would be difficult. However, they have about 5 million net undeveloped acres.
HOLD
A first rate run company, however he prefers those income trusts that are more heavily focused on natural gas.
BUY ON WEAKNESS
Feels that oil trusts (as opposed to gassier ones) are still in pull back mode. Should be able to get it slightly cheaper in the near term. There is almost 100% probability of a distribution increase by year end. Listed on the NYSE, so gets broader exposure. Longer term he is somewhat mixed as the company has had poor capital efficiency.
TOP PICK
Very high quality asset base. Have a huge undeveloped land base. Capital spending is now limited to about 40% of their cash. Farming out a lot of their properties rather than drilling themselves.
PAST TOP PICK
(Past Top Pick June 16/05. Up 7%.) His only trust. Still as much of an energy company as a trust.
TOP PICK
Has come off a bit and is in a buy range. One of the largest oil/gas income trusts. Have 5 million acres of undeveloped land which they are now farming out.
TOP PICK
You will see higher dividend distribution. Now achieving higher production. Tremendous land holding.
BUY
An excellent holding. They've got a large undeveloped land base.
TOP PICK
55/60% payout ratio. Looking to farm out some of their properties.
PAST TOP PICK
(A Top pick June 17/05. Up 20%.) Its had its run, so the easy money's been made.
BUY
As a company it tried to explore its way into riches, but found its real expertise was in production and that's what its property really offers. There should be upside as it divests itself of properties. Some risk, but should have nice upside.
PAST TOP PICK
(A Top Pick Jun 16/05. Up 23%.) Was supposed to split into an income trust and then an exploration company. They were'nt allowed to do this, so sold some of their marginal assets off and is farming out properties to other companies.
BUY ON WEAKNESS
This is now the largest of the eneregy trusts. Trusts have to make acquisitions and the larger they get, the harder it is. He's gravitated to the smaller energy trusts. Has a huge land position which it is now farming out. This would be his favourite of the large trusts.
TOP PICK
Have been buying this week. A very exciting trust. Have a very large land position and are in the process of reworking it. Have farmed out 25% of their land to other trusts and exploration companies. Very low debt level. 7/8% yield.
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