Obsidian Energy

OBE-T

TSE:OBE

1.21
0.11 (10.00%)
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.
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Analysis and Opinions about OBE-T

Signal
Opinion
Expert
SELL
SELL
January 23, 2015

Because of debt, he would not be holding this. The biggest risks are crude oil and natural gas prices and a drilling success. He prefers the companies with the least amount of debt and with a low cost of production.

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Obsidian Energy (OBE-T)
January 23, 2015

Because of debt, he would not be holding this. The biggest risks are crude oil and natural gas prices and a drilling success. He prefers the companies with the least amount of debt and with a low cost of production.

SELL
SELL
January 12, 2015

It was not well capitalized. It is not one he would go anywhere near whatsoever. This is not a well capitalized, well run company. They could be a total casualty.

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Obsidian Energy (OBE-T)
January 12, 2015

It was not well capitalized. It is not one he would go anywhere near whatsoever. This is not a well capitalized, well run company. They could be a total casualty.

SELL
SELL
December 12, 2014

His company has downgraded this as there are some concerns going forward. If you own, consider switching into something else. Look for the ones that are going to rebound the fastest. Companies with long-term hedges, low debt and low cost of production.

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Obsidian Energy (OBE-T)
December 12, 2014

His company has downgraded this as there are some concerns going forward. If you own, consider switching into something else. Look for the ones that are going to rebound the fastest. Companies with long-term hedges, low debt and low cost of production.

DON'T BUY
DON'T BUY
December 9, 2014

Had new management come in. Yield of 18% implies that they are going to have to do another cut. They are trying to sell off assets and refocus. She wouldn’t put any money into energy producers until we see stabilization in crude oil. For investors wanting to step into energy companies, they should be really buying financially strong companies that have a strong balance sheet with a hedging program in place.

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Obsidian Energy (OBE-T)
December 9, 2014

Had new management come in. Yield of 18% implies that they are going to have to do another cut. They are trying to sell off assets and refocus. She wouldn’t put any money into energy producers until we see stabilization in crude oil. For investors wanting to step into energy companies, they should be really buying financially strong companies that have a strong balance sheet with a hedging program in place.

DON'T BUY
DON'T BUY
December 5, 2014

Great resources, but this is not one he would put new money into. There are much better companies out there. They still have a lot of work to do. He would avoid this one for the time being.

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Obsidian Energy (OBE-T)
December 5, 2014

Great resources, but this is not one he would put new money into. There are much better companies out there. They still have a lot of work to do. He would avoid this one for the time being.

COMMENT
COMMENT
November 21, 2014

This company has been in a state of turmoil. Their balance sheet is still quite levered. Have been hoping to sell off some assets and understands they will be selling off some with about 7000 barrels per day. That should help mitigate the situation. Has been some management turnover in the last couple of years, but the worst thing that is hitting them right now is the lower commodity prices while they are financially constrained. There are safer ways to participate in the oil patch, but if it survives, it could have a lot more leverage.

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Obsidian Energy (OBE-T)
November 21, 2014

This company has been in a state of turmoil. Their balance sheet is still quite levered. Have been hoping to sell off some assets and understands they will be selling off some with about 7000 barrels per day. That should help mitigate the situation. Has been some management turnover in the last couple of years, but the worst thing that is hitting them right now is the lower commodity prices while they are financially constrained. There are safer ways to participate in the oil patch, but if it survives, it could have a lot more leverage.

DON'T BUY
DON'T BUY
November 6, 2014

Operational execution has not been great. The capital structure had too much debt. They paid a non-sustainable dividend for years. They have cut that and have been trying to sell assets. There has been management turnover. The latest shoe to drop was a change in the CFO and a whole bunch of restatements of the financials. Also, believes there are some class action lawsuits. Too much debt.

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Obsidian Energy (OBE-T)
November 6, 2014

Operational execution has not been great. The capital structure had too much debt. They paid a non-sustainable dividend for years. They have cut that and have been trying to sell assets. There has been management turnover. The latest shoe to drop was a change in the CFO and a whole bunch of restatements of the financials. Also, believes there are some class action lawsuits. Too much debt.

DON'T BUY
DON'T BUY
October 23, 2014

Sold some assets for over $300 million. Taking some really important necessary steps. Modeling $80 oil and $3.50 natural gas, its debt to cash flow is still too high at 3.4 times. Priced pretty cheap relative to the group at about 6.4, but not cheap enough. Its payout ratio would rise for its dividend to about 161%. There are better alternatives amongst higher risk names than this.

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Obsidian Energy (OBE-T)
October 23, 2014

Sold some assets for over $300 million. Taking some really important necessary steps. Modeling $80 oil and $3.50 natural gas, its debt to cash flow is still too high at 3.4 times. Priced pretty cheap relative to the group at about 6.4, but not cheap enough. Its payout ratio would rise for its dividend to about 161%. There are better alternatives amongst higher risk names than this.

DON'T BUY
DON'T BUY
October 7, 2014

Have gone through some restructuring and accounting issues, which are now largely behind them. They are still restructuring their portfolio and making some asset sales. There are more attractive names than this one.

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Obsidian Energy (OBE-T)
October 7, 2014

Have gone through some restructuring and accounting issues, which are now largely behind them. They are still restructuring their portfolio and making some asset sales. There are more attractive names than this one.

DON'T BUY
DON'T BUY
September 8, 2014

Avoid it. It is a big moving ship and it takes a lot to move it. There is no need to own it. Too many headwinds.

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Obsidian Energy (OBE-T)
September 8, 2014

Avoid it. It is a big moving ship and it takes a lot to move it. There is no need to own it. Too many headwinds.

COMMENT
COMMENT
August 25, 2014

To rectify its position with its covenants, the dividend is going to have to go. The best case would be a major cut.

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Obsidian Energy (OBE-T)
August 25, 2014

To rectify its position with its covenants, the dividend is going to have to go. The best case would be a major cut.

DON'T BUY
DON'T BUY
August 22, 2014

Have had problems from an operational perspective for a number of years. It now appears that there are accounting irregularities as well. This may make their costs look even worse. He would wait and let this play out. The dividend may not be safe.

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Obsidian Energy (OBE-T)
August 22, 2014

Have had problems from an operational perspective for a number of years. It now appears that there are accounting irregularities as well. This may make their costs look even worse. He would wait and let this play out. The dividend may not be safe.

SELL
SELL
July 30, 2014

Down 15% or so today. This will not go to zero. If you made money on a short like this, then take the money and run.

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Down 15% or so today. This will not go to zero. If you made money on a short like this, then take the money and run.

DON'T BUY
DON'T BUY
July 25, 2014

Wouldn’t touch this. Thinks there are long term ongoing issues. Deleveraging by selling off assets. Last quarter was pretty good in terms of capital efficiencies, but when he can invest in so many other names, he doesn’t find this overly compelling.

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Wouldn’t touch this. Thinks there are long term ongoing issues. Deleveraging by selling off assets. Last quarter was pretty good in terms of capital efficiencies, but when he can invest in so many other names, he doesn’t find this overly compelling.

SELL
SELL
July 17, 2014

They have too much debt. They are diverting assets to pay down debt. Sell it, take the tax loss and switch into another name that is firing on all cylinders.

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They have too much debt. They are diverting assets to pay down debt. Sell it, take the tax loss and switch into another name that is firing on all cylinders.

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