Commodity PricesA balance is prudent with weaker commodity prices, suggesting a cautious approach with lower spending in the near term.
Investor AttentionObsidian has strategically refined its portfolio over the last few years, and despite limited investor attention, its top-quartile assets, low debt, and robust growth potential position it for future recognition.
Shareholder ReturnsWith a much improved balance sheet and recent strength in crude oil prices, Obsidian is expected to prioritize outsized heavy oil production growth over enhanced shareholder returns in the medium term.