Obsidian Energy: A Bigger 2027 Ambition On A Flat Production Base

Impact · against what's priced in

Obsidian Energy remains a hold as the news confirms stagnating production and rising debt. The 2027 targets are noted as necessary for a rerating, but the current flat production despite acquisitions indicates a lack of immediate momentum.

OE−0.40

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In context

Flat Q3 production despite the Wilson Creek acquisition and rising net debt suggest the company is struggling to find a sustainable growth path toward its 2027 targets of 34,000+ BOE/d and ≤C$400M net debt.

Read from the article alone

• energy▲19%
• oil▲3%
• cash flow
• valuation
• OE
• capex
• debt
• production