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Obsidian Energy Ltd. (OBE)

Energy | Oil & Gas E&P | Calgary, Canada | NYSE American
9.01 USD +0.53 (6.250%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 5:41 a.m. EDT

The investment case for Obsidian Energy is currently broken by a severe disconnect between its reported profitability and its actual financial health. While the company boasts impressive free cash flow, the operating margins are deeply negative, and the trailing P/E is absurdly high due to negligible earnings, rendering traditional valuation metrics useless. The balance sheet is dangerously leveraged with debt nearly twenty times equity, and the stock has suffered a catastrophic 43% decline over the last nine years, including a collapse in 2019 and 2020. There is no dividend to provide income, and the recent price action shows no recovery momentum despite the acquisition news. Options markets confirm this pessimism, with traders buying deep out-of-the-money puts to hedge against further drops while ignoring the near-term upside. This is a distressed asset with a fortress-like cash flow statement masking a crumbling capital structure.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.190124
MSTL_900.192133
AutoTheta0.192465
AutoETS0.193899
AutoARIMA0.194449
MSTL_90_1260.219957
MSTL_1260.232852

Forecast horizon: 60 days | Selected: MSTL

Forecast Reliability
Score 41%
H-stat 0.65
Ljung-Box p 0.000
Jarque-Bera p 0.159
Excess Kurtosis -1.06
Attribute Value
Sector Energy
Ex Dividend Date 2015-09-27
Last Dividend Date 2015-09-27
Debt to Equity Ratio 19.513
Revenue per Share 7.25
Market Cap 601,658,688
Trailing P/E 901.00
Forward P/E 5.67
Beta 0.32
Profit Margins 0.22%
Website https://www.obsidianenergy.com

As of July 11, 2026, 5:41 a.m. EDT: Speculators are positioning aggressively for downside protection, with heavy open interest in out-of-the-money puts expiring in late 2026 and early 2027. Call activity is concentrated far out-of-the-money, suggesting a speculative hope for a massive rally rather than a near-term move. Implied volatility is elevated relative to the low trading volume, indicating fear of further declines.


Dividend Data

Dividend History
Date Dividend Yield %
2015-09-28 0.049 1.521739
2015-06-26 0.056 0.451977
2015-03-27 0.063 0.542169
2014-12-29 0.840 5.741627
2014-09-26 0.882 1.836735
2014-06-26 0.917 1.343590
2014-03-27 0.882 1.525424
2013-12-27 0.924 1.562130
2013-09-26 0.952 1.217547
2013-06-26 1.799 2.440646
2013-03-26 1.848 2.393472
2012-12-27 1.897 2.500000
2012-09-26 1.932 1.938202
2012-06-27 1.841 2.107372
2012-03-28 1.904 1.362725
2011-12-28 1.855 1.355499
2011-09-28 1.855 1.709677
2011-06-28 1.911 1.219294
2011-03-29 1.932 1.004001
2010-12-29 0.630 0.370828
2010-11-26 0.623 0.407696
2010-10-27 0.616 0.385965
2010-09-28 0.616 0.450589
2010-08-27 1.015 0.748967
2010-07-28 1.022 0.742625
2010-06-28 1.008 0.719640
2010-05-26 0.973 0.754615
2010-04-28 1.050 0.742207
2010-03-29 1.022 0.694246
2010-02-24 1.001 0.720766
2010-01-27 0.987 0.836299
2009-12-30 1.015 0.814149
2009-12-29 1.057 0.844047
2009-11-25 0.994 0.770065
2009-10-28 0.987 0.876866
2009-09-28 0.966 0.891473
2009-08-27 0.959 1.046600
2009-07-29 0.973 1.080871
2009-06-26 0.903 0.998452
2009-05-27 0.931 1.047244
2009-04-28 0.868 1.165413
2009-03-27 1.309 1.815534
2009-02-25 1.288 2.044444
2009-01-28 1.309 1.465517
2008-12-29 1.932 2.529789
2008-11-25 1.946 1.974432
2008-10-29 1.848 1.552941
2008-09-26 2.296 1.310427
2008-08-27 2.261 1.095658
2008-07-29 2.331 1.125380
2008-06-26 2.352 0.999108
2008-05-28 2.401 1.028177
2008-04-28 2.338 1.080906
2008-03-27 2.345 1.189631
2008-02-27 2.352 1.166667
2008-01-29 2.366 1.259784
2007-12-27 2.373 1.285064
2007-11-28 2.408 1.285501
2007-10-29 2.464 1.073825
2007-09-26 2.380 1.107131
2007-08-29 2.261 1.132936
2007-07-27 2.268 1.032834
2007-06-27 2.226 0.983607
2007-05-29 2.184 0.895009
2007-04-26 2.121 1.010000
2007-03-28 2.051 0.969557
2007-02-26 2.121 0.957346
2007-01-29 2.121 1.029562
2006-12-27 2.058 0.953307
2006-11-28 2.121 0.969290
2006-10-27 2.121 0.790916
2006-09-27 2.128 0.811749
2006-08-29 2.142 0.717804
2006-07-27 2.121 0.781935
2006-06-27 2.121 0.806495
Additional Data
exDividendDate 2015-09-28
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.049
lastDividendDate 2015-09-28
dividendDate 2019-06-10

Info Dump

Attribute Value
52 Week Change 0.6809702
Address1 207 – 9th Avenue SW
Address2 Suite 200
All Time High 343.77
All Time Low 0.13
Ask 9.44
Ask Size 900
Audit Risk 3
Average Analyst Rating 2.3 - Buy
Average Daily Volume10 Day 598,270
Average Daily Volume3 Month 1,005,190
Average Volume 1,005,190
Average Volume10Days 598,270
Beta 0.317
Bid 0.0
Bid Size 200
Board Risk 4
Book Value 14.370929
City Calgary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 9.01
Current Ratio 0.575
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 9.25
Day Low 8.61
Debt To Equity 19.513
Dividend Date 1,560,124,800
Earnings Call Timestamp End 1,746,648,000
Earnings Call Timestamp Start 1,746,648,000
Earnings Timestamp 1,785,414,600
Earnings Timestamp End 1,785,414,600
Earnings Timestamp Start 1,785,414,600
Ebitda 234,500,000
Ebitda Margins 0.47672
Enterprise To Ebitda 3.688
Enterprise To Revenue 1.758
Enterprise Value 864,758,656
Eps Current Year 2.2
Eps Forward 1.588455
Eps Trailing Twelve Months 0.01
Esg Populated 0
Ex Dividend Date 1,443,398,400
Exchange ASE
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 10.96
Fifty Day Average Change -1.9499998
Fifty Day Average Change Percent -0.17791969
Fifty Two Week Change Percent 68.097015
Fifty Two Week High 14.59
Fifty Two Week High Change -5.58
Fifty Two Week High Change Percent -0.38245374
Fifty Two Week Low 5.27
Fifty Two Week Low Change 3.7400002
Fifty Two Week Low Change Percent 0.70967746
Fifty Two Week Range 5.27 - 14.59
Financial Currency CAD
First Trade Date Milliseconds 1,132,065,000,000
Five Year Avg Dividend Yield 10.45
Float Shares 59,284,415
Forward Eps 1.588455
Forward P E 5.6721787
Free Cashflow 257,000,000
Full Exchange Name NYSE American
Full Time Employees 148
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.55682
Gross Profits 273,900,000
Has Pre Post Market Data 1
Held Percent Insiders 0.115389995
Held Percent Institutions 0.36532003
Implied Shares Outstanding 66,776,768
Industry Oil & Gas E&P
Industry Disp Oil & Gas E&P
Industry Key oil-gas-e-p
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,443,398,400
Last Dividend Value 0.049
Last Fiscal Year End 1,767,139,200
Last Split Date 1,560,124,800
Last Split Factor 1:7
Long Business Summary Obsidian Energy Ltd. engages in the exploration, development, and production of oil and natural gas in Western Canada. Its portfolio of properties includes unitized and non-unitized light oil, heavy oil, and natural gas production. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
Long Name Obsidian Energy Ltd.
Market us_market
Market Cap 601,658,688
Market State PRE
Max Age 86,400
Message Board Id finmb_876290
Most Recent Quarter 1,774,915,200
Net Income To Common 1,100,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 599,706,833
Open 8.63
Operating Cashflow 183,100,000
Operating Margins -0.13502
Overall Risk 2
Payout Ratio 0.0
Phone 403 777 2500
Pre Market Change 0.19999981
Pre Market Change Percent 2.2222202
Pre Market Price 9.2
Pre Market Time 1,784,029,052
Previous Close 8.48
Price Eps Current Year 4.0954547
Price Hint 2
Price To Book 0.6269602
Price To Sales Trailing12 Months 1.2231321
Profit Margins 0.00224
Quick Ratio 0.366
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.25
Region US
Regular Market Change 0.530001
Regular Market Change Percent 6.25001
Regular Market Day High 9.25
Regular Market Day Low 8.61
Regular Market Day Range 8.61 - 9.25
Regular Market Open 8.63
Regular Market Previous Close 8.48
Regular Market Price 9.01
Regular Market Time 1,783,972,800
Regular Market Volume 1,125,277
Return On Assets 0.010199999
Return On Equity 0.00079
Revenue Growth -0.261
Revenue Per Share 7.25
Sand P52 Week Change 0.20365608
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 2
Shares Outstanding 66,776,768
Shares Percent Shares Out 0.1163
Shares Short 6,986,266
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 6,895,497
Short Name Obsidian Energy Ltd.
Short Ratio 10.64
Source Interval 15
State AB
Symbol OBE
Total Cash 1,500,000
Total Cash Per Share 0.022
Total Debt 264,600,000
Total Revenue 491,900,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.01
Trailing P E 901.00006
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 8.24485
Two Hundred Day Average Change 0.76515007
Two Hundred Day Average Change Percent 0.0928034
Type Disp Equity
Volume 1,125,277
Website https://www.obsidianenergy.com
Zip T2P 1K3