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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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 35,700 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 on 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

Obsidian Energy Ltd
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Post by makedonkaon Jun 29, 2017 1:17pm
94 Views
Post# 26420253

UAE optimistic about oil market recovery

UAE optimistic about oil market recovery

Thu 29-06-2017 20:59 PM

UAE optimistic about oil market recovery

ABU DHABI, 29th June, 2017 (WAM) -- The UAE has expected oil demand to pick up over the third and fourth quarters of 2017 despite the price fall by the end of Q2, expressing optimism over the impact of OPEC's recent decision to extend oil supply curb into 2018.

This came in statements by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, who added that there is no need to jump to conclusions before assessing market performance in Q3 and Q4.

The minister has affirmed the UAE's commitment to the collective production cut, calling upon all parties concerned to abide by OPEC's decision until the market has recovered.

https://wam.ae/en/details/1395302621034

 

WAM/Hatem/Tariq/Bashir
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities