Obsidian Energy Ltd. Stock News

Obsidian is deferring its 2023 guidance and budget until January. Heavy oil differentials are factoring into its decision.

Obsidian Energy's debt has fallen to CAD$303 million. Funds flow for 2022 of over CAD$550 million is in reach.

Oil prices decreased in September as major central banks increased their interest rates to combat inflation. Opec+ is expected to announce a major cut in production to support oil prices.

The oil and gas sector surged following comments by Saudi Arabia, Russia limiting gas supplies to Europe, and China's stimulus measures.

The oil and gas sector surged following comments by Saudi Arabia, Russia limiting gas supplies to Europe, and China's stimulus measures.

U.S. stocks traded mostly lower toward the end of trading, with the Dow Jones dropping over 100 points on Tuesday. The Dow traded down 0.35% to 32,946.74 while the NASDAQ rose 0.30% to 12,418.54. The

While oil prices are up, it's natural gas that's becoming the scarcer commodity.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite turning negative on Tuesday. The Dow traded down 0.59% to 32,868.65 while the NASDAQ fell 0.12% to 12,366.62. The S&P 500 als

While oil prices are up, it's natural gas that's becoming the scarcer commodity.

Obsidian's debt refinancing takes care of its near-term debt maturity issues that it had been pushing off for years. The 11.95% interest rate on its new notes is very high, but its interest costs won'

The management team at Obsidian Energy just announced financial expectations covering the rest of 2022 as well as 2023. The data shows a significant ramping up of spending, production, and cash flows.

I discuss the reasons why the current supercycle in commodities may last longer than priced in. I argue that Obsidian Energy and Baytex Energy could at least double if current macroeconomic trends con

Obsidian has bumped up its 2022 production guidance by 1,200 BOEPD (from initial guidance) due to increased heavy oil production. It is also drilling new Viking wells, which will further add to its pr

Obsidian Energy has a high quant rating due to a cheap valuation and continued growth. Obsidian Energy had been disliked for many years due to bad performance, but I see a turnaround.

These 4 cheap stocks have strong upside potential now and could even help hedge your portfolio against inflation. The post 4 Cheap Stocks That Wall Street Analysts Love appeared first on InvestorPlace