OBE trade ideas

AleksandrTeplitskiy

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.

AleksandrTeplitskiy

Obsidian Energy is showing strong quater over quater growth in revenue and net income energy sector is strong. Chart pattern trading opportunity following the channel. Long to the upper channel resistance line AMEX:OBE

madhav3394

Possible MacD interaction Mad Volume Long Time frame Cup & Handle Weekly 50EMA & 200EMA Cross (Golden Cross) Oil is Bullish Company is unhedged to Oil Prices (Is Risky but can also reap inverse rewards) However, be aware that the stock has ran up an significant amount and also that market downturns can deteriorate, delay or invalidate the move.

Risk_is_yours Updated 

Good Up Trend going on , stock price good now , Technical and Fundamental good, Nice Earnings going on, So Target 9 , Duration 1 to 5 months

Risk_is_yours Updated 

Good Earnings so Fundamental good , Technical also good, so Target 5.09 , Duration 1 to 5 months

Risk_is_yours Updated 

Good result so fundamental good, Technical chat also good, So target 6.63 Duration 1 to 5 months

LeLaf

Price Target = 6.71$

LeLaf

Target = 5.62$

LeLaf

Price Target = 5.62$

oilyprata Updated 

This seems to be overbought in the meantime. Expecting minor correction in the meantime. To relook at this in July, as Ichimoku clouds form.