Michael Faust - Obsidian Energy CEO
| OBE Stock | CAD 7.77 0.01 0.13% |
CEO
Mr. Michael J. Faust is Interim President, Interim Chief Executive Officer, Director of the Company, since March 18, 2019. and is no longer as Independent Director of the Company. He has 34 years of industry, financial and leadership experience within the oil and gas sector, including diverse geological, geophysical and technical reservoir experience spanning many different basins and formations throughout the world. Mr. Faust is a consultant with Quartz Geophysical LLC, a geophysical consulting business. Since January 2017, he was a director of SAExploration Holdings, Inc., a NASDAQlisted oilfield services company offering seismic data acquisition and logistical support services in Alaska, Canada, South America, West Africa and Southeast Asia. Mr. Faust was the Vice President, Exploration and Land at ConocoPhillips Alaska, Inc., where he oversaw and managed the companys exploration organization and strategy in Alaska. Mr. Faust earned his Master of Arts degree in Geophysics from the University of Texas at Austin in 1984, after receiving his BS degree in Geology from the University of Washington in 1981. Mr. Faust is a Certified Petroleum Geologist and a member of the American Association of Petroleum Geologists, the Society of Exploration Geophysicists, and served as the President of the Geophysical Society of Alaska from 2001 to 2002. since 2019.
| Age | 58 |
| Tenure | 6 years |
| Address | 207 ? 9th Avenue SW, Calgary, AB, Canada, T2P 1K3 |
| Phone | 403 777 2500 |
| Web | https://www.obsidianenergy.com |
Obsidian Energy Management Efficiency
The company has return on total asset (ROA) of 0.0519 % which means that it generated a profit of $0.0519 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0699 %, meaning that it generated $0.0699 on every $100 dollars invested by stockholders. 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 2025, Return On Tangible Assets is likely to grow to 0.06. Also, Return On Capital Employed is likely to grow to 0.22. At this time, Obsidian Energy's Other Assets are very stable compared to the past year. As of the 31st of January 2025, Net Tangible Assets is likely to grow to about 1.9 B, while Total Assets are likely to drop about 1.9 B.Similar Executives
| Found 4 records | CEO Age | ||
| Douglas Eng | InPlay Oil Corp | 59 | |
| Patrick CA | Bonterra Energy Corp | 62 | |
| Paul Colborne | Surge Energy | 66 | |
| Patrick Oliver | Bonterra Energy Corp | 61 | |
Management Performance
| Return On Equity | 0.0699 | |||
| Return On Asset | 0.0519 |
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.
| Return On Equity | 0.0699 | |||
| Return On Asset | 0.0519 | |||
| Profit Margin | 0.17 % | |||
| Operating Margin | 0.28 % | |||
| Current Valuation | 926.9 M | |||
| Shares Outstanding | 74.47 M | |||
| Shares Owned By Insiders | 2.53 % | |||
| Shares Owned By Institutions | 21.60 % | |||
| Number Of Shares Shorted | 1.12 M | |||
| Price To Earning | 4.90 X |
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
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.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 board of governors. To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.