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Shailender Randhawa

CFA-designated Analyst at RBC Capital Markets, LLC

Shailender Randhawa is a CFA-designated Analyst at RBC Capital Markets, specializing in oil and gas equity research with a particular focus on Canadian energy companies. He actively covers major players in the sector such as Cenovus and provides in-depth financial analyses, including cash flow projections and valuation estimates; for example, he has projected 10% quarterly cash flow drops for listed oil producers and valued specific Cenovus assets at over C$1.5 billion. Randhawa has established his research credentials at RBC, leveraging expertise in oil sands and upstream energy, and is recognized for incisive, data-driven research that influences institutional investment decisions. He holds the Chartered Financial Analyst (CFA) designation, underlining his commitment to professional standards and financial rigor.

Shailender Randhawa's questions to OBSIDIAN ENERGY (OBE) leadership

Question · Q2 2018

Shailender Randhawa of RBC Capital Markets inquired about the status of potential asset sales, specifically regarding the Peace River and Viking assets, and asked about the planned use of any proceeds for the remainder of the year.

Answer

President, CEO & Director David Lawrence French explained that discussions with their partner regarding the Peace River asset are ongoing. He noted that while the Viking program went well, they did not accept an offer and are still evaluating options for the asset. Regarding proceeds, French stated the primary focus would be on debt reduction, followed by potential share buybacks or reinvestment in drilling, depending on market conditions.

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