Obsidian Energy: Limited Free Cash Flow Expected In 2024 As It Grows Production [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
The relatively limited free cash flow is largely due to spending on production growth. Production has been tracking a bit above expectations year-to-date. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Obsidian Energy Ltd. NYSE: OBE ) is projected to generate US$35 million in 2024 free cash flow at current strip prices. This relatively modest amount of projected free cash flow is due to Obsidian spending to grow production. It is aiming for approximately 12% production growth in 2024, and recently mentioned that its year-to-date production had been tracking a bit above expectations. I had previously estimated Obsidian's value at US$9 to US$10 per share, but have reduced that by US$0.50 per share to a new range of US$8.50 to US$9.50 per share. This is due to reduced 2024 free cash flow expectations (mainly due to lower strip prices) compared to when I looked at Obsidian in September 2023. I still also believe th
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OBE
News
- Obsidian Energy Announces Date of First Quarter 2024 Results and AGM Webcast [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes [Yahoo! Finance]Yahoo! Finance
- 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
- 4/26/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/15/24 - Form 6-K
- OBE's page on the SEC website