Obsidian Energy

OBE-T

TSE:OBE

0.49
0.03 (5.77%)
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
COMMENT
COMMENT
June 13, 2016

They have pulled off $1.1 billion in asset sales in Saskatchewan and Alberta, and were upgraded by a number of analysts. Raymond James to $3 and BNS to $2.25. There is probably some additional upside looking out over the next year. However, there are a couple who are neutral to flat with lower price targets. He would suggest you try to read all the stories on why they have their various price targets. The chart shows a tremendous amount of resistance, and he believes in the idea of “lower for longer”. Oil should probably stabilize over the next few years in the $50-$60 range, but by no means whatsoever are we coming back into balance. Inventory levels are massive compared to the 5-10 year averages. Thinks that will be with us for years and years to come. Wouldn’t be a big investor yet, but more inclined to probably Sell into this.

Show full opinionHide full opinion

They have pulled off $1.1 billion in asset sales in Saskatchewan and Alberta, and were upgraded by a number of analysts. Raymond James to $3 and BNS to $2.25. There is probably some additional upside looking out over the next year. However, there are a couple who are neutral to flat with lower price targets. He would suggest you try to read all the stories on why they have their various price targets. The chart shows a tremendous amount of resistance, and he believes in the idea of “lower for longer”. Oil should probably stabilize over the next few years in the $50-$60 range, but by no means whatsoever are we coming back into balance. Inventory levels are massive compared to the 5-10 year averages. Thinks that will be with us for years and years to come. Wouldn’t be a big investor yet, but more inclined to probably Sell into this.

SELL
SELL
May 16, 2016

(Market Call Minute.) This is an absolute Sell.

Show full opinionHide full opinion

(Market Call Minute.) This is an absolute Sell.

DON'T BUY
DON'T BUY
April 22, 2016

The big issue is that they have a lot of debt. As their problems occurred, they had to sell, sell and sell. They now have $1.94 billion of debt, which is $3.86. BV is $5.84, so it is trading at a significant discount. Has long term debt out to 2020-2025. The big issue is that they took out $700 million impairment last year, and $1.1 billion the year before. They need a $45 number at the end of the year to not have another impairment. 2015 operating costs are higher than they should be. This is a Lottery 649 ticket.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
April 22, 2016

The big issue is that they have a lot of debt. As their problems occurred, they had to sell, sell and sell. They now have $1.94 billion of debt, which is $3.86. BV is $5.84, so it is trading at a significant discount. Has long term debt out to 2020-2025. The big issue is that they took out $700 million impairment last year, and $1.1 billion the year before. They need a $45 number at the end of the year to not have another impairment. 2015 operating costs are higher than they should be. This is a Lottery 649 ticket.

DON'T BUY
DON'T BUY
December 2, 2015

Have had challenges and is not a story she has invested in. Likes companies that grow value for shareholders, and this company has essentially done the opposite. You get less and less barrels per share, less NAV per share. Have some great assets and have done a lot to try to transition the company, however with oil prices, it makes it very difficult. They are going to have to sell a lot of assets to fix their balance sheet problems.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
December 2, 2015

Have had challenges and is not a story she has invested in. Likes companies that grow value for shareholders, and this company has essentially done the opposite. You get less and less barrels per share, less NAV per share. Have some great assets and have done a lot to try to transition the company, however with oil prices, it makes it very difficult. They are going to have to sell a lot of assets to fix their balance sheet problems.

DON'T BUY
DON'T BUY
November 10, 2015

They bought companies and did not integrate them very well and then the oil price fell. They did well in selling off some properties. He thinks they will make it, but continue to be highly levered. They will do well when the price of oil goes up.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
November 10, 2015

They bought companies and did not integrate them very well and then the oil price fell. They did well in selling off some properties. He thinks they will make it, but continue to be highly levered. They will do well when the price of oil goes up.

COMMENT
COMMENT
October 13, 2015

Why get into trouble if oil prices don’t recover. There are better companies out there. It has been a disaster in how they have managed their business.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
October 13, 2015

Why get into trouble if oil prices don’t recover. There are better companies out there. It has been a disaster in how they have managed their business.

WATCH
WATCH
October 8, 2015

It has exploded recently. It is a call on where energy prices are going. They are being forced to sell assets because of debt.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
October 8, 2015

It has exploded recently. It is a call on where energy prices are going. They are being forced to sell assets because of debt.

DON'T BUY
DON'T BUY
October 7, 2015

There is no question the assets are fabulous. The problem is the balance sheet that is causing them to sell off assets. It will probably react if oil prices go up. It may be good for a trade sometimes but he would not invest in it.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
October 7, 2015

There is no question the assets are fabulous. The problem is the balance sheet that is causing them to sell off assets. It will probably react if oil prices go up. It may be good for a trade sometimes but he would not invest in it.

COMMENT
COMMENT
August 25, 2015

Struggles to see equity value in this company unless you are a really, really big oil bull. Operationally they have achieved inferior results in all of their operations compared to any other companies in their plays. Management has been a little aggressive in the use of financial leverage. They need to sell assets to pay down debt.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
August 25, 2015

Struggles to see equity value in this company unless you are a really, really big oil bull. Operationally they have achieved inferior results in all of their operations compared to any other companies in their plays. Management has been a little aggressive in the use of financial leverage. They need to sell assets to pay down debt.

DON'T BUY
DON'T BUY
July 30, 2015

Has not owned it for 5 years. It has too much debt and equity is grinding toward zero. If oil spikes to $90 they could survive. Avoid it.

Show full opinionHide full opinion

Has not owned it for 5 years. It has too much debt and equity is grinding toward zero. If oil spikes to $90 they could survive. Avoid it.

HOLD
HOLD
June 19, 2015

The worst stock he has chosen in years. He likes the new management and what they are doing. They still have a big debt load and have been selling off assets to bring it down. He changed it from a buy to a hold. They are in dangerous territory. They should not go bankrupt and they could have a big turnaround.

Show full opinionHide full opinion

The worst stock he has chosen in years. He likes the new management and what they are doing. They still have a big debt load and have been selling off assets to bring it down. He changed it from a buy to a hold. They are in dangerous territory. They should not go bankrupt and they could have a big turnaround.

COMMENT
COMMENT
May 27, 2015

Their leverage is far too high. The market is being absolutely merciless with corporations where the balance sheet doesn’t look strong or pristine. Thinks this is going to be pretty dead money for a while.

Show full opinionHide full opinion

Their leverage is far too high. The market is being absolutely merciless with corporations where the balance sheet doesn’t look strong or pristine. Thinks this is going to be pretty dead money for a while.

SELL STRENGTH
SELL STRENGTH
April 2, 2015

It is quite a disaster technically. The downtrend is long and has accelerated. It is a falling wedge that broke out to the downside. Get out if it rallies. It is a very risky stock.

Show full opinionHide full opinion

It is quite a disaster technically. The downtrend is long and has accelerated. It is a falling wedge that broke out to the downside. Get out if it rallies. It is a very risky stock.

COMMENT
COMMENT
February 26, 2015

This model works at $70 oil, but does not work at $45 oil, so he sold his holdings. The risk is, if oil prices stay where they are, they will probably have to cut their dividends again. They have good bank lines, but these days those are questionable, as he expects banks will be cutting back on them.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
February 26, 2015

This model works at $70 oil, but does not work at $45 oil, so he sold his holdings. The risk is, if oil prices stay where they are, they will probably have to cut their dividends again. They have good bank lines, but these days those are questionable, as he expects banks will be cutting back on them.

DON'T BUY
DON'T BUY
February 5, 2015

It has been such a bad story. Just unwinding the problem, but they are just too overlaid with debt. Someone has to swoop in and buy it. They have to sell off the crown jewels to pay off the debt. They are stuck. You don’t need to own it. Look for quality companies.

Show full opinionHide full opinion
Obsidian Energy (OBE-T)
February 5, 2015

It has been such a bad story. Just unwinding the problem, but they are just too overlaid with debt. Someone has to swoop in and buy it. They have to sell off the crown jewels to pay off the debt. They are stuck. You don’t need to own it. Look for quality companies.

Showing 46 to 60 of 595 entries