Report
EUR 12.86 For Business Accounts Only

OBSIDIAN ENERGY sees a downgrade to Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of OBSIDIAN ENERGY (CA), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date August 18, 2020, the closing price was CAD 0.57 and its target price was estimated at CAD 0.27.
Underlying
Obsidian Energy Ltd

Penn West Petroleum is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties in Canada. As of Dec 31 2012, Co.'s gross proven developed and undeveloped reserves for oil and gas was 445 million barrels of oil equivalent (net: 384 million barrels of oil equivalent).

Provider
TheScreener
TheScreener

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