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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 Jul 18, 2017 10:34am
169 Views
Post# 26480853

Shale may not cut it when the world needs more oil

Shale may not cut it when the world needs more oil"Cutbacks in investment in exploration and production could see a supply shortage and a sharp increase in oil prices, according to Amin Nasser, the chief executive of Saudi Aramco. Interestingly for the offshore oil and gas sector – and the offshore supply vessel fleet that supports it – Saudi Aramco’s chief executive also believes that booming shale oil production in the US will not be able to prevent a supply shortage."

https://www.osjonline.com/news/view,shale-may-not-cut-it-when-the-world-needs-more-oil_48480.htm
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Dealroom for high-potential pre-IPO opportunities