Obsidian Energy (OBE-T) Stock Predictions - Stockchase
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Obsidian Energy (OBE-T)

ON STOCKCHASE SINCE Jan 2004

Formerly Penn West Petroleum (June 2017)

oil/gas

Obsidian Energy

OBE-T

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Obsidian Energy (OBE-T) SAVE Mar, 25, 2019, 1:50 pm

0.39 0.01 (1.27%)

About Obsidian Energy (OBE-T)

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

What the experts are saying about OBE-T



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HOLD
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.
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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.
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Benj Gallander

President, Contra the Heard Inv...

Price Price
$0.500
Owned Owned
Yes

DON'T BUY
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.
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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.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.590
Owned Owned
Unknown

DON'T BUY
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.
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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.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$0.800
Owned Owned
Unknown

DON'T BUY
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.
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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.
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Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$0.700
Owned Owned
No

TOP PICK
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.

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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.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.020
Owned Owned
Yes

HOLD
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.

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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.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.360
Owned Owned
Unknown

COMMENT
Obsidian Energy(OBE-T) 

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.

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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.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$1.360
Owned Owned
No

DON'T BUY
Obsidian Energy(OBE-T) 

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.

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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.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.410
Owned Owned
Unknown

PAST TOP PICK
Obsidian Energy(OBE-T) 

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.

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(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.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.560
Owned Owned
Yes

COMMENT

They have gone through a lot of stress at the Board level but that seems to have cleared up. They have a strong balance sheet, with $328 million in debt compared to $2.17 billion of equity. Their production this year will be about the same as last year. He thinks this stock is cheap, like many of its peers, a humbler reflection of what it was in 2008.

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They have gone through a lot of stress at the Board level but that seems to have cleared up. They have a strong balance sheet, with $328 million in debt compared to $2.17 billion of equity. Their production this year will be about the same as last year. He thinks this stock is cheap, like many of its peers, a humbler reflection of what it was in 2008.

oil/gas
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0 comments
Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.410
Owned Owned
Unknown

TOP PICK
Obsidian Energy(OBE-T) 

April 18, 2018

After their recent conference call, he spoke with management and learned the activist investors have come to an agreement and will defer a 1-for-3 stock consolidation.  He thinks they may sell the whole company and hopefully at a large premium.  Yield 0%.  (Analysts’ price target is $1.77 )

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0 comments

After their recent conference call, he spoke with management and learned the activist investors have come to an agreement and will defer a 1-for-3 stock consolidation.  He thinks they may sell the whole company and hopefully at a large premium.  Yield 0%.  (Analysts’ price target is $1.77 )

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0 comments
Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.440
Owned Owned
Yes

SPECULATIVE BUY
Obsidian Energy(OBE-T) 

April 16, 2018

It hit upon hard times with an extremely highly leveraged balance sheet, but management has kept the company alive.  They have significantly de-risked the company but it has shrunk.  The balance sheet is very much improved.  This is a very high risk/high reward kind of play.

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0 comments

It hit upon hard times with an extremely highly leveraged balance sheet, but management has kept the company alive.  They have significantly de-risked the company but it has shrunk.  The balance sheet is very much improved.  This is a very high risk/high reward kind of play.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$1.350
Owned Owned
Unknown

COMMENT
Obsidian Energy(OBE-T) 

April 3, 2018

This has been in the news over the last week because a disgruntled shareholder group wants it to do different things. This is the old Penn-West, which was $36 in 2008 and is now $1.33. The company announced that they are putting assets up for sale and looking at otherwise to maximize shareholder value. Their long-term debt at the end of 2017 was 328 million, equity is $2.17 billion with a book value of $4.29. They have a Cardium asset play, which people like. The company is cheap, but there are lots of cheap energy stocks. Do you want to own this particular one? They could potentially be a $4 or $5 stock in the next cycle.

oil/gas
0 0 0 0 0
0 comments

This has been in the news over the last week because a disgruntled shareholder group wants it to do different things. This is the old Penn-West, which was $36 in 2008 and is now $1.33. The company announced that they are putting assets up for sale and looking at otherwise to maximize shareholder value. Their long-term debt at the end of 2017 was 328 million, equity is $2.17 billion with a book value of $4.29. They have a Cardium asset play, which people like. The company is cheap, but there are lots of cheap energy stocks. Do you want to own this particular one? They could potentially be a $4 or $5 stock in the next cycle.

oil/gas
0 0 0 0 0
0 comments
Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.340
Owned Owned
Unknown

PAST TOP PICK
Obsidian Energy(OBE-T) 

March 6, 2018

(A Top Pick June 8, 2017. Down 30.16%). This has continued to turn against him, but he doubled down on it recently. He has confidence in the CEO David French. He will see results tomorrow. This is a smaller company than it was with reduced debt. They are looking to grow 20% per year. Tremendous upside but a lot of risk. 

oil/gas
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0 comments

(A Top Pick June 8, 2017. Down 30.16%). This has continued to turn against him, but he doubled down on it recently. He has confidence in the CEO David French. He will see results tomorrow. This is a smaller company than it was with reduced debt. They are looking to grow 20% per year. Tremendous upside but a lot of risk. 

oil/gas
0 0 0 0 0
0 comments
Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.250
Owned Owned
Yes

TOP PICK
Obsidian Energy(OBE-T) 

February 27, 2018

This is the former Penn West, which he bought and lost money on. They have relatively new management (16 months ago). The former Bankers’ Petroleum boss is running it. He thinks a takeover is possible here.  This company has knocked out a lot of debt, which involved selling down assets and because of that revenues went down. However, the company has recently replaced 126% of their resource base. He expects it to grow 5 to 10% (Analysts’ price target is 1.80$)

oil/gas
0 0 0 0 0
0 comments

This is the former Penn West, which he bought and lost money on. They have relatively new management (16 months ago). The former Bankers’ Petroleum boss is running it. He thinks a takeover is possible here.  This company has knocked out a lot of debt, which involved selling down assets and because of that revenues went down. However, the company has recently replaced 126% of their resource base. He expects it to grow 5 to 10% (Analysts’ price target is 1.80$)

oil/gas
0 0 0 0 0
0 comments
Benj Gallander

President, Contra the Heard Inv...

Price Price
$1.240
Owned Owned
Yes

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