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

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Comment by rusty777on Aug 14, 2019 9:13am

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Post# 30026394

RE:OBE Q2 ER

It was a pretty good quarter from what I can see. At least they are going in the right direction and they beat the market expectations of a (0.07) loss with only a (0.04) loss per share. A loss still, but not s bad as expected.

If the price of oil holds over $55.00 and they can continue this trend we may be actually seeing a positive cash flow some day. The downside, however, is that I bought into this when it was in the high teens (pre-consolidation) so the likelihood of even breaking even is slim to none.

I might average down...but not yet.

GLTA

Rusty

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