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Obsidian Energy (OBE-T)
TSE:OBE
7.76
0.40
(5.43%) 1d
Financials
Technical Analysis
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$10.770
No
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.
It could be sold before the end of the year. Results today were not very good. They are looking to sell some of their properties. They have these hedges in place at $50 and the oil price is much higher now. They still have a fair amount of debt. He is happy to hold it. We will see more pieces coming off. It is still high risk due to the debt. This one might get taken over so he holds it.
Got propelled from investor activism. Middle of the pack for him. He sees moderate leverage. He has been hung up on the nature of their assets, they are longer in the tooth. Higher cost operations. Sees 46% upside at $80 oil and a 27% upside at $70 oil.
Obsidian Energy(OBE-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Obsidian Energy(OBE-T) Frequently Asked Questions
What is Obsidian Energy stock symbol?
Obsidian Energy is a Canadian stock, trading under the symbol OBE-T on the Toronto Stock Exchange (OBE-CT). It is usually referred to as TSX:OBE or OBE-T
Is Obsidian Energy a buy or a sell?
In the last year, there was no coverage of Obsidian Energy published on Stockchase.
Is Obsidian Energy a good investment or a top pick?
Obsidian Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Obsidian Energy.
Why is Obsidian Energy stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Obsidian Energy worth watching?
0 stock analysts on Stockchase covered Obsidian Energy In the last year. It is a trending stock that is worth watching.
What is Obsidian Energy stock price?
On 2024-12-24, Obsidian Energy (OBE-T) stock closed at a price of $7.76.
