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Obsidian Energy Ltd OBE


Primary Symbol: T.OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold 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. It has a portfolio of assets producing around 32,000 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused in the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Comment by kavern23on Jan 15, 2024 6:57pm
88 Views
Post# 35827975

RE:RE:Quiet

RE:RE:Quiet So clearly state what OBE's current management has done wrong?
Pouting like a child and having a temper trantrum doesnt state facts.

I am obviously am an investor as I knew to not be in stock market for energy stocks for all of 2023.
I knew cyclical nature of industry and oversupply was going to be a risk.
SMART MOVE dude lol wasnt it?  
I knew Russian war oil prices would die down and hype would leave.

Part of the trick to buying and making money in stocks is TIMING.

It is not OBE management fault you bought at wrong time and high prices.
Own it dude..your fault...you dont understand or follow the market well. Is what it is.

You should have expected oil prices to fall to low 70 s by end of 2023 and not 85 plus oil. On you again.
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