AleksandrTeplitskiy

OBE long term price target on changed fundamentals

Long
AMEX:OBE   Obsidian Energy Ltd.
stock was trading on 15 P/E multiple just right before quarterly report ( was about $5.85 with expected $0.36 qrt earnings expectations )
recent quarterly surprise of $5 puts that stock in $90's range with that P/E assumption, that is a huge change in valuation.
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