Obsidian Energy

OBE-T

TSE:OBE

0.90
0.19 (26.76%)
Obsidian Energy Ltd. is a mid-sized Canadian oil and natural gas production company based in Calgary, Alberta. For a while it was one of the S&P/TSX 60, the sixty largest companies on the Toronto Stock Exchange.
More at Wikipedia

Analysis and Opinions about OBE-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 23, 2019
(A Top Pick Oct 22/18, Down 88%) He sold at $3.22, taking a big loss. They have a lot of worries. They are looking to sell the company. They might just liquidate the company, but clean up could be very expensive. He does not like stock consolidations and used that as a trigger to get out. He would not buy this now. He made a mistake -- when debt came down, so too did revenues.
Obsidian Energy (OBE-T)
October 23, 2019
(A Top Pick Oct 22/18, Down 88%) He sold at $3.22, taking a big loss. They have a lot of worries. They are looking to sell the company. They might just liquidate the company, but clean up could be very expensive. He does not like stock consolidations and used that as a trigger to get out. He would not buy this now. He made a mistake -- when debt came down, so too did revenues.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.000
Owned
No
DON'T BUY
DON'T BUY
October 10, 2019
The question is their ability to grow. They are going to try to sell the company. They have had declining volumes.
Obsidian Energy (OBE-T)
October 10, 2019
The question is their ability to grow. They are going to try to sell the company. They have had declining volumes.
Josef Schachter
President, Schachter Asset Management
Price
$0.850
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
September 16, 2019
They have put themselves up for sale. They are a Cardium player with quite a bit of debt. They have a lot of non-producing wells. People are worried about how much value there really is in the company after debts are paid off.
Obsidian Energy (OBE-T)
September 16, 2019
They have put themselves up for sale. They are a Cardium player with quite a bit of debt. They have a lot of non-producing wells. People are worried about how much value there really is in the company after debts are paid off.
Josef Schachter
President, Schachter Asset Management
Price
$1.390
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 23, 2019
(A Top Pick Apr 18/18, Down 65%) There could still be a takeover. Their revenues are way down while debt has gone way up. He's moved on.
Obsidian Energy (OBE-T)
April 23, 2019
(A Top Pick Apr 18/18, Down 65%) There could still be a takeover. Their revenues are way down while debt has gone way up. He's moved on.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.510
Owned
No
DON'T BUY
DON'T BUY
April 18, 2019
New interim president and CEO. Pretty good numbers on cardium wells. Issue is the debt. Debt is 22% of equity, but it's going the wrong way. Declining production and volumes. Not as attractive as the others. Need to show they can grow core numbers of the cardium. Guidance is negative. Capex is about equal to cash flow.
Obsidian Energy (OBE-T)
April 18, 2019
New interim president and CEO. Pretty good numbers on cardium wells. Issue is the debt. Debt is 22% of equity, but it's going the wrong way. Declining production and volumes. Not as attractive as the others. Need to show they can grow core numbers of the cardium. Guidance is negative. Capex is about equal to cash flow.
Josef Schachter
President, Schachter Asset Management
Price
$0.430
Owned
Unknown
WATCH
WATCH
March 28, 2019
He is watching it. The company is not going to keep their volumes flat. The CEO changed. They are guiding down on production while spending on CAP-X. He is keeping an eye on them.
Obsidian Energy (OBE-T)
March 28, 2019
He is watching it. The company is not going to keep their volumes flat. The CEO changed. They are guiding down on production while spending on CAP-X. He is keeping an eye on them.
Josef Schachter
President, Schachter Asset Management
Price
$0.385
Owned
No
HOLD
HOLD
February 19, 2019
A takeover candidate? He was wrong with this. He recently moved it from a buy to a hold. It's high-risk and high-reward, has "danger" written across it. He likes the idea of a takeover, but doesn't know if it'll happen. This could be a good play in oil/gas with a lot of potential. He hasn't sold it, but at the same bankruptcy remains a real possibility.
Obsidian Energy (OBE-T)
February 19, 2019
A takeover candidate? He was wrong with this. He recently moved it from a buy to a hold. It's high-risk and high-reward, has "danger" written across it. He likes the idea of a takeover, but doesn't know if it'll happen. This could be a good play in oil/gas with a lot of potential. He hasn't sold it, but at the same bankruptcy remains a real possibility.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.500
Owned
Yes
DON'T BUY
DON'T BUY
December 17, 2018
He is watching it but it is not on his list right now. They are not experiencing very good growth right now. Their debt keeps going up. There are better names with more upside of growth.
Obsidian Energy (OBE-T)
December 17, 2018
He is watching it but it is not on his list right now. They are not experiencing very good growth right now. Their debt keeps going up. There are better names with more upside of growth.
Josef Schachter
President, Schachter Asset Management
Price
$0.590
Owned
Unknown
DON'T BUY
DON'T BUY
November 19, 2018
The company has 19% debt and not a bad balance sheet, in his opinion. Book value is $3.90. It is not on his coverage list because they dropped production in their third quarter. They are spending money and not producing the assets they had before. However, this one is cheap.
Obsidian Energy (OBE-T)
November 19, 2018
The company has 19% debt and not a bad balance sheet, in his opinion. Book value is $3.90. It is not on his coverage list because they dropped production in their third quarter. They are spending money and not producing the assets they had before. However, this one is cheap.
Josef Schachter
President, Schachter Asset Management
Price
$0.800
Owned
Unknown
DON'T BUY
DON'T BUY
November 14, 2018
Their debt level is too high for her right now. Debt levels are so important in a cyclical businesslike the energy space. They will be hurt by recent weakness in oil prices.
Obsidian Energy (OBE-T)
November 14, 2018
Their debt level is too high for her right now. Debt levels are so important in a cyclical businesslike the energy space. They will be hurt by recent weakness in oil prices.
Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$0.700
Owned
No
TOP PICK
TOP PICK
October 22, 2018

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.

Obsidian Energy (OBE-T)
October 22, 2018

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.020
Owned
Yes
HOLD
HOLD
August 2, 2018

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.

Obsidian Energy (OBE-T)
August 2, 2018

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.360
Owned
Unknown
COMMENT
COMMENT
July 20, 2018

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.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.360
Owned
No
DON'T BUY
DON'T BUY
July 16, 2018

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.

Josef Schachter
President, Schachter Asset Management
Price
$1.410
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 22, 2018

(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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.560
Owned
Yes
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