The Globe and Mail reports in its Tuesday edition that the outlook for Canadian oil and gas equities appears promising as we head into February. Guest columnist Ted Dixon writes that bullish insider sentiment persists in the oil patch: For every two stocks experiencing key insider selling over the past 60 days, three are seeing meaningful insider buying. Mr. Dixon highlights Obsidian Energy, which is trading below a $1-billion market cap. His criteria include attractive valuation, insider holdings, public market activity and price momentum. Obsidian has broken out of its earlier trading range, setting a 52-week high of $10.45 on Jan. 29. The company's 2026 capital budget ranges from $190-million to $230-million, with production guidance of 27,900 to 29,900 barrels of oil equivalent per day at 73 per cent liquids weighting. At West Texas Intermediate pricing of $58 (U.S.) for the first half and $62 (U.S.) for the second half of 2026, Obsidian forecasts funds flow from operations of $225-million, focused on both light and heavy oil assets. Obsidian operates in two core Alberta areas: Peace River heavy oil assets and Willesden Green light oil assets. Director Edward Kernaghan bought 334,800 shares at an average $7.91.