5 Cheapest Stocks With Biggest Upside

3. Obsidian Energy Ltd. (NYSE:OBE)

Number of Hedge Fund Investors In Q3 2023: 15

Latest P/E Ratio: 1.21

Obsidian Energy Ltd. (NYSE:OBE) is another oil and gas company but one that is headquartered in Calgary, Canada. The firm’s third quarter financial report outlined that its production grew by 10% annually on the back of the strong execution of its expansion initiatives.

Insider Monkey took a look at 910 hedge fund portfolios for their third quarter of 2023 shareholdings and discovered that 15 had bought Obsidian Energy Ltd. (NYSE:OBE)’s shares. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the biggest stake among these since it owned 1.5 million shares that were worth $12.4 million.

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