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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  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 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

Bullboard Posts
Post by makedonkaon Jul 17, 2017 7:22pm
123 Views
Post# 26478874

Second Half Of 2017 Will Surprise

Second Half Of 2017 Will Surprise

Bottom line

"The bottom line is this: Oil market fundamentals for the second half of the year will see demand outstrip supply by 1 million b/d, and possibly more if demand surprises to the upside as emerging market trade flows indicate. In addition, the consensus’s wildly bullish shale production growth forecast could disappoint leaving the oil market fundamentals much tighter than what the consensus is projecting. Lastly, volatile oil production in Libya and Nigeria are approaching their peak, leaving nothing but downside surprise for the second half."

"We continue to expect WTI to finish the year at or above $60/bbl."


https://seekingalpha.com/article/4087998-weekly-oil-markets-recap-second-half-2017-will-surprise?source=email_rt_author_readmore&app=1&isDirectRoadblock=false

Bullboard Posts