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.
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.
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.
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.
He is not attracted that much to it because of disgruntled shareholders. The company has shrunk itself since last year. Their focus is to spend less than cash flow. They have other assets they might sell. The balance sheet is in good shape. But he thinks there are more attractive names out there even though this stock seems cheap. This stock needs something to wake it up.
He is not attracted that much to it because of disgruntled shareholders. The company has shrunk itself since last year. Their focus is to spend less than cash flow. They have other assets they might sell. The balance sheet is in good shape. But he thinks there are more attractive names out there even though this stock seems cheap. This stock needs something to wake it up.
(A Top Pick June 8, 2017. Down 13%). Activist investors have gained seats on the board and are having a significant influence on management decisions. He thinks it is likely that the company will sell itself by the Fall, at a significant premium, therefore it looks like a promising short-term play. If that doesn’t happen, he is happy to still hold the stock because he thinks the company is now heading in the right direction.
(A Top Pick June 8, 2017. Down 13%). Activist investors have gained seats on the board and are having a significant influence on management decisions. He thinks it is likely that the company will sell itself by the Fall, at a significant premium, therefore it looks like a promising short-term play. If that doesn’t happen, he is happy to still hold the stock because he thinks the company is now heading in the right direction.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 5
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
In the last year, 5 stock analysts published opinions about OBE-T. 3 analysts recommended to BUY the stock. 2 analyst recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Obsidian Energy.
Obsidian Energy was recommended as a Top Pick by Benj Gallander on 2019-10-23. Read the latest stock experts ratings for Obsidian Energy.
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.
5 stock analysts on Stockchase covered Obsidian Energy In the last year. It is a trending stock that is worth watching.
On 2020-04-01, Obsidian Energy (OBE-T) stock closed at a price of $0.23.
