Obsidian Energy Is Worth Watching If Oil Prices Firm Up [Seeking Alpha]
Obsidian Energy Ltd. (OBE)
Last obsidian energy ltd. earnings: 8/2 06:30 am
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US:NYSE Investor Relations:
obsidianenergy.com/investor-centre
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Source: Seeking Alpha
Obsidian Energy Is Worth Watching If Oil Prices Firm Up Summary Obsidian can grow steadily within cash flows. Debt level remains high but will slowly fall. Obsidian has good leverage to higher oil prices. Obsidian Energy (NYSE: OBE Obsidian website Obsidian expects to achieve capital efficiencies less than $20,000 per boe per day on its development capital. I have used $19,000 to model the outlook for Obsidian. Based on those parameters, my OBE model shows the company able to turn in steady growth while retiring debt. I see production rising faster than Obsidian projects if the capital efficiencies the company estimates are realized. I presume management's projection is simply conservative. Obsidian data I have based my model on a Canadian oil price of $45 per barrel and a natural gas price of $2.00 per Mcf ($12.20 per barrel equivalent). I have not included any hedging gains or losses since I understand Obsidian has decided against any material amount of hedging in 2019. I have used
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OBE
News
- Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy: Limited Free Cash Flow Expected In 2024 As It Grows Production [Seeking Alpha]Seeking Alpha
- Obsidian Energy Announces Operational Update with Strong Start to 2024 Capital Program [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy Announces Launch of an Offer to Purchase up to $2.0 Million of our Outstanding Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
OBE
Sec Filings
- 3/27/24 - Form 6-K
- 3/15/24 - Form 6-K
- 2/28/24 - Form 6-K
- OBE's page on the SEC website