Buy, Sell or Hold: Obsidian Energy (OBE-T) — Stock Predictions at Stockchase

TSE:OBE

7.40

0.48 (6.09%) 1d

Showing 1 to 15 of 596 entries

DON'T BUY

Did a buyout that diluted their stock materially. There is pure inventory but with Clearwater optionality. Need a new Board, new CEO and not a name he would own now.

oil / gas

PAST TOP PICK

(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.

oil / gas

DON'T BUY

The question is their ability to grow. They are going to try to sell the company. They have had declining volumes.

oil / gas

RISKY BUY

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.

oil / gas

PAST TOP PICK

(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.

oil / gas

DON'T BUY

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.

oil / gas

WATCH

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.

oil / gas

HOLD

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.

oil / gas

DON'T BUY

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.

oil / gas

DON'T BUY

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.

oil / gas

DON'T BUY

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.

oil / gas

TOP PICK

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.

oil / gas

HOLD

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.

oil / gas

COMMENT

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.

oil / gas

DON'T BUY

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.

oil / gas

Showing 1 to 15 of 596 entries

Obsidian Energy(OBE-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Obsidian Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 1 stock analyst published opinions about OBE-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Obsidian Energy.

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?

1 stock analyst 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 2022-01-21, Obsidian Energy (OBE-T) stock closed at a price of $7.4.

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