July 15, 2019 - 3:56 AM EDT
Obsidian Energy's Outlook After Its Peace River Divestiture

Obsidian Energy's Outlook After Its Peace River Divestiture

Obsidian Energy's (OBE) stock has continued to slide after its reverse split despite the recent rebound in oil prices. It appears to be fairly cheap, with an enterprise value of just over 3x its projected forward year (post Peace River Oil Partnership divestiture) EBITDAX at strip prices, while managing to sell its Peace River assets for a multiple that was around double that. However, it is also a bit more leveraged than ideal in the current environment and investor confidence in the company appears fairly shaky at the moment.

Obsidian typically reports in

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Source: SeekingAlpha (July 15, 2019 - 3:56 AM EDT)