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Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)Top 3 AI Stocks + 3 AI ETFs that Dominate the US Stock MarketThis week’s new 52-week lows… (Dec 12-18)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 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, there was no coverage of Obsidian Energy published on Stockchase.
Obsidian Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Obsidian Energy.
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0 stock analysts on Stockchase covered Obsidian Energy In the last year. It is a trending stock that is worth watching.
On 2024-11-08, Obsidian Energy (OBE-T) stock closed at a price of $8.18.