Obsidian Energy (OTCMKTS:OBELF) & California Resources (OTCMKTS:CRCQQ) Financial Review

Earnings & Valuation

This table compares California Resources and Obsidian Energy”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
California Resources	$2.63 billion	0.00	-$28.00 million	N/A	N/A
Obsidian Energy	$220.00 million	2.37	-$576.07 million	$4.17	1.55

California Resources has higher revenue and earnings than Obsidian Energy.

Insider & Institutional Ownership

35.7% of California Resources shares are held by institutional investors. Comparatively, 0.0% of Obsidian Energy shares are held by institutional investors. 4.1% of California Resources shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares California Resources and Obsidian Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
California Resources	-95.33%	-4.31%	-3.78%
Obsidian Energy	99.13%	78.07%	35.32%

Summary

Obsidian Energy beats California Resources on 5 of the 9 factors compared between the two stocks.

About California Resources

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. The company sells crude oil, natural gas, and natural gas liquids to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It holds interests in approximately 2.2 million net acres of mineral acreage. As of December 31, 2019, the company had net proved reserves of 644 million barrels of oil equivalent. It also engages in the generation and sale of electricity to the grid and utility customers. The company was founded in 2014 and is based in Los Angeles, California. On July 15, 2020, California Resources Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

About Obsidian Energy

Obsidian Energy Ltd. is an exploration and production company. The firm engages in exploring, developing, and holds interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. Its property portfolio includes Cardium, Viking, and Peace River. The company was founded on December 27, 1979 and is headquartered in Calgary, Canada.