Obsidian Energy Ltd. (NYSE:OBE) is one of the stocks Jim Cramer talked about. A caller inquired about OBE stock during the lightning round, and here’s what Mad Money’s host had to say in response:
“Oh boy, another smaller-cap energy company. Again, they’ve had such big runs, but oil’s going down, so I can’t recommend them.”
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
Obsidian Energy Ltd. (NYSE:OBE) explores, develops, and produces oil and natural gas, with assets including light oil, heavy oil, and natural gas properties. On September 9, BMO Capital maintained an Outperform rating and a C$10 price target following its second-half guidance.
It should be noted that, on September 8, Obsidian Energy Ltd. (NYSE:OBE) announced solid progress in its second half 2025 program, with 13 wells drilled so far and early production coming in higher than expected, helping set record output in Peace River. The company also improved its finances by selling InPlay Oil shares, redeeming $30 million in debt, and finishing its share buyback plan, cutting its year-end debt forecast to $213 million.
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Disclosure: None. This article is originally published at Insider Monkey.
