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.

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Obsidian Energy Ltd

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Post by makedonkaon Sep 13, 2017 7:52pm

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Post# 26692978

Oil rises as IEA forecast overshadows U.S. crude build

"Crude oil prices rose on Wednesday after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though U.S. data showed another big increase in domestic inventories due to Hurricane Harvey."
"The Paris-based IEA’s monthly report noted that the U.S. reliance on the Gulf Coast makes it vulnerable to events like Harvey. It said the United States should strengthen its energy security to address hurricanes, by steps such as adding oil products to government-held inventories."

https://boereport.com/2017/09/13/oil-rises-as-iea-forecast-overshadows-u-s-crude-build/

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