Obsidian Energy OBE
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Obsidian Energy (OBE) Business Model and Operations Summary
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
Key Insights
Obsidian Energy (OBE) Core Market Data and Business Metrics
Latest Closing Price
$5.48Market Cap
$381.36 MillionAverage Daily Volume
502,312 Shares52-Week Range
$3.88-$7.87Total Outstanding Shares
69.21 Million SharesCEO
Mr. Stephen Elias LoukasTotal Employees
203Current Dividend
$0.01 Per Share QuarterlyIPO Date
June 3, 2005