OBE Forecast


Bullish Case: OBE reports strong Q1 2024 performance with robust revenue growth and positive market sentiment towards the Trans Mountain expansion. High trading volatility and a potential for upward movement strengthen the bullish case. [tipranks.com] [tipranks.com] [bnnbloomberg.ca]


Bearish Case: Environmental disputes with Woodland Cree First Nation could harm OBE operations and market perception. Immediate historical performance is down and volatility remains high, posing risks for downturn. [The Globe and Mail]


Potential Outcomes:

1. Revenue growth of 33% annually over next 2 years: 40%. [simplywall.st]

2. Continued environmental disputes hindering operations: 25%. [The Globe and Mail]

3. Volatility-driven price swings: 35% with near-term mean reversion likely due to historical mean-reverting trend: 65%. [Helium]


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May 17, 2024


Obsidian Energy Forecast

OBE        Obsidian Energy
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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