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 32,000 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 in 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

Bullboard Posts

Comment by krashzoneon Dec 20, 2017 12:40am

78 Views

Post# 27193050

RE:RE:NUMBERS EQUAL REALITY

lol - welcome to the board. It took me a while before I put him and his alts on ignore.

As for OBE - I think everyone is waiting for the next set of results. Their operating budget is based on $50-$55 WTI and this is the first full quarter in a while where WTI has been well within and even above that range. So we will see. Some tax loss selling is probably in progress and I have also seen a bunch of block trades cross in the last week or so. The volume is so thin that large orders will have difficulty filling.

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