RY 157.905 -2.654% SHOP 106.93 -7.7235% TD 81.31 -1.6094% ENB 61.56 -3.6167% BN 66.26 -6.584% TRI 238.37 -3.7977% CNQ 38.78 -7.7765% CP 100.22 1.0079% CNR 137.95 -0.3035% BMO 126.54 -6.4814% BNS 66.57 -2.3614% CSU 4323.9849 -4.3277% CM 80.21 -3.408% MFC 39.3 -8.9856% ATD 70.67 -3.2183% NGT 62.76 -7.8279% TRP 65.19 -5.0539% SU 47.03 -9.261% WCN 270.4 -3.9534% L 204.81 -2.2667%
RY 157.905 -2.654% SHOP 106.93 -7.7235% TD 81.31 -1.6094% ENB 61.56 -3.6167% BN 66.26 -6.584% TRI 238.37 -3.7977% CNQ 38.78 -7.7765% CP 100.22 1.0079% CNR 137.95 -0.3035% BMO 126.54 -6.4814% BNS 66.57 -2.3614% CSU 4323.9849 -4.3277% CM 80.21 -3.408% MFC 39.3 -8.9856% ATD 70.67 -3.2183% NGT 62.76 -7.8279% TRP 65.19 -5.0539% SU 47.03 -9.261% WCN 270.4 -3.9534% L 204.81 -2.2667%

small-cap

Momentum Model Portfolio Rebalancing: EXIT (TSX: OBE) and ENTRY (TSX: CVO)

Apr 02, 2025 | Team Kalkine
Momentum Model Portfolio Rebalancing:  EXIT (TSX: OBE) and ENTRY (TSX: CVO)
Image source: shutterstock

OBE:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
CVO:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)

Exit Case: Obsidian Energy Ltd. (TSX: OBE)

Overview: Obsidian Energy Ltd. (TSX: OBE) is a mid-sized oil and gas producer with strategically located assets in Alberta. Operating within a single reporting segment—exploration and development—the company holds interests in oil and natural gas properties, along with related production infrastructure in the Western Canada Sedimentary Basin. The bulk of its revenue comes from crude oil sales. OBE has been a part of the 'Momentum Model Portfolio' since March 10, 2025. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of CAD 8.62 as on April 01, 2025.

OBE’s Daily Chart

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Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.