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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

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Comment by makedonkaon Jul 23, 2017 10:52am
122 Views
Post# 26499019

RE:A positive for Canadian Oil

RE:A positive for Canadian Oil

The NDP will face a single united conservative force in the next election, after Alberta’s Wildrose and Progressive Conservative parties voted overwhelmingly on the weekend to merge forces.

Both parties secured more than 95 per cent pro-unity votes from their members. 

As unity wins were declared in Red Deer at a Wildrose special general meeting, and in Calgary at a PC celebration, rooms erupted with raucous cheers from party supporters.

The next step on the agenda is a joint caucus meeting on Monday in Edmonton, where MLAs will pick an interim leader.

 

Soon after that, the United Conservative Party will be registered with Elections Alberta.

Then comes a leadership race.

At this point, Brian Jean and Calgary lawyer Doug Schweitzer are the only candidates who have thrown their hat into the ring.

Jean’s unity celebration speech was his last as Wildrose leader, he told the crowd Saturday, before declaring his goal to be Alberta’s next premier to cheers of “Brian, Brian, Brian.”

“With tonight’s vote, the NDP’s time in government is ticking down, and ticking down quickly,” he told the crowd.

“Together, we will send a message to all of Canada that Alberta is not apologizing for our industries or our way of life.”

Tory Leader Jason Kenney was more circumspect, saying Saturday was a time to celebrate the unity vote; ask him about his intentions on July 23, he said.

“This campaign is bigger than any individual,” Kenney said – it’s about the province and its future.
 

“The writing is on the wall,” he said.

“This accidental NDP government will be a one-term government.”

https://edmontonjournal.com/news/politics/wildrose-progressive-conservatives-hold-vote-on-party-merger

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