Jim Kramer on Sobg Energy: “I cannot recommend it.”

Obsidian Energy Ltd. (NYSE:ObeHe is one of Storage Jim Kramer Talk about him. One of the caller inquired about Obe shares during the lightning round, and here is what MAD Money said in response:

“O boy, another younger energy company. Once again, they had such large runs, but oil is declining, so I cannot recommend them.”

Securities market reports printed on paper. Photography of the RDNE Stock project on Pexels

Obsidian Energy Ltd. (NYSE: Obe) and developing and producing natural oil and gas, with origins including light oil, heavy oil and natural gas. On September 9, BMO CAPITAL maintained a classification of performance and the goal of $ 10 after its directives in the second half.

It should be noted that on September 8, Obsidian Energy Ltd. announced. The company has also improved its financial affairs by selling the OnPlay Oil shares, recovering $ 30 million in debt, ending the shares re -purchase plan, and reducing debt expectations at the end of the year to 213 million dollars.

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Detection: Nothing. This article was originally published in A monkey from the inside.