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

Obsidian Energy Ltd

Bullboard Posts

Comment by makedonkaon Dec 26, 2017 7:00pm

66 Views

Post# 27227866

RE:RE:WTI Hits $60 - Just The Start Of A Multiyear Bull Market

Scottie99 wrote: makedonka, you do realize we are 5 days to the end of the year and oil price now is for January or February based on futures contract for the concept of backwardation or contango. So WTI hitting $60/bbl at this time based on prediction in the second-half of 2017 does not mean $hit since the Libyan oil pipeline blast is a black swan event. Unless the guys that predicted WTI hitting $60/bbl at this time predicted the Libyan oil pipeline blast!

makedonka wrote: "WTI hits $60/bbl as we had predicted in the second-half of 2017."

"For the second-half of 2017, we were ridiculed, dismissed, patronized, for our call on $60 WTI by year-end. If we had to dig through the graveyards of comments, we are sure to find plenty that started with,

"I don't think WTI can reach $60 by year-end."

"We are forecasting WTI to average $70/bbl in 2018."

"Energy stocks will also start benefiting materially as oil prices increase, and we expect that to be the case in 2018."

https://seekingalpha.com/article/4133968-wti-hits-60-just-start-multiyear-bull-market?app=1&isDirectRoadblock=false