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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 30, 2017 6:43pm
100 Views
Post# 26527019

Saudi Arabia unemployment rate climbs to 12.7 percent

Saudi Arabia unemployment rate climbs to 12.7 percent"Saudi Arabia's unemployment rate rose to 12.7 percent in the first quarter of 2017, continuing its steady climb as the economy grapples with the fallout of low oil prices, official data showed on Sunday.

The rising number of unemployed highlights the immense challenge Riyadh faces in meeting pledges to create jobs for its nationals amid a protracted economic slowdown.

The jobless rate is now more than a full percentage point above where it stood in the same quarter of last year, when Crown Prince Mohammed bin Salman announced his Vision 2030 reform plan to diversify the economy beyond oil."

https://www.aljazeera.com/news/2017/07/saudi-arabia-unemployment-rate-climbs-127-percent-170730163025234.html

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