Gordon Ritchie - Obsidian Energy Independent Chairman of the Board

OBE Stock  CAD 9.84  0.20  1.99%   

Chairman

Mr. Gordon Ritchie is a Independent Chairman of the Board of the Company. He was Independent Director of the Company. He retired in 2016, following a career spanning over 37 years with RBC Capital Markets LLC. From 2005 through 2016 Gordon served as Vice Chairman, with primary responsibility for many of RBC top energy clients. During this period Gordon led teams completing many of the largest energy MA and financing transactions in Canada, aggregating in excess of 200 billion. From 2000 through 2005, Gordon served as Managing Director and Head of the Global EP Energy Group. Before that, Gordon spent six years in New York where he served as President and Chief Executive Officer of RBC U.S. BrokerDealer Operations was Managing Director of RBC International Corporationrationrate Finance Group based in London, England was Vice President, Corporationrationrate Finance in Calgary and Energy Research Analyst . Throughout his career Gordon gained extensive experience in research and investment banking in Europe, the United States and Canada since 2019.
Age 66
Tenure 7 years
Professional MarksMBA
Address 207 ? 9th Avenue SW, Calgary, AB, Canada, T2P 1K3
Phone403 777 2500
Webhttps://www.obsidianenergy.com
Ritchie holds an MBA from the University of Western Ontario and a Bachelor of Arts from the University of Alberta.

Obsidian Energy Management Efficiency

The company has return on total asset (ROA) of (0.0829) % which means that it has lost $0.0829 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1528) %, meaning that it generated substantial loss on money invested by shareholders. Obsidian Energy's management efficiency ratios could be used to measure how well Obsidian Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 31st of January 2026, Return On Tangible Assets is likely to grow to -0.1. In addition to that, Return On Capital Employed is likely to grow to -0.15. At this time, Obsidian Energy's Other Current Assets are very stable compared to the past year. As of the 31st of January 2026, Net Tangible Assets is likely to grow to about 1.9 B, while Total Assets are likely to drop about 1.8 B.
Obsidian Energy has accumulated 342.5 M in total debt with debt to equity ratio (D/E) of 0.38, which is about average as compared to similar companies. Obsidian Energy has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Obsidian Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Obsidian Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Obsidian Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Obsidian to invest in growth at high rates of return. When we think about Obsidian Energy's use of debt, we should always consider it together with cash and equity.

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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 operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 173 people. Obsidian Energy (OBE) is traded on Toronto Exchange in Canada and employs 203 people. Obsidian Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Obsidian Energy Leadership Team

Elected by the shareholders, the Obsidian Energy's board of directors comprises two types of representatives: Obsidian Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Obsidian. The board's role is to monitor Obsidian Energy's management team and ensure that shareholders' interests are well served. Obsidian Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Obsidian Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Brydson, Independent Director
Andrew Sweerts, Vice President - Business Development and Commercial
Peter Scott, Chief Financial Officer, Senior Vice President
William Friley, Independent Director
Stephen Loukas, Interim President, Chief Executive Officer, Director
Maureen Jackson, Independent Director
Gordon Ritchie, Independent Chairman of the Board
Mark Hodgson, Vice President - Business Development and Commercial
Raymond Crossley, Independent Director
Michael Faust, Interim President, Interim Chief Executive Officer, Director
Jay McGilvary, Senior Development
Aaron Smith, Senior Vice President - Development and Operations
William Swadling, Vice Operations
Gary Sykes, Vice President - Commercial
Edward Kernaghan, Independent Director
Mark Hawkins, Vice President - Legal, General Counsel, Corporate Secretary

Obsidian Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Obsidian Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Obsidian Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Obsidian Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Obsidian Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Obsidian Stock

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The ability to find closely correlated positions to Obsidian Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Obsidian Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Obsidian Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Obsidian Energy to buy it.
The correlation of Obsidian Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Obsidian Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Obsidian Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Obsidian Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Obsidian Energy is a strong investment it is important to analyze Obsidian Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Obsidian Energy's future performance. For an informed investment choice regarding Obsidian Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Obsidian Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
It's important to distinguish between Obsidian Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Obsidian Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Obsidian Energy's market price signifies the transaction level at which participants voluntarily complete trades.