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 > Q3 Earnings

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Comment by JohnJBondon Nov 09, 2021 4:41pm

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Post# 34106833

RE:RE:RE:RE:RE:Q3 Earnings

Biden can huff and puff and sell a little bit more of the Strategic reserve fund, but what that signals is how real and how bad the energy crisis is, and how its going to get worse.

Very few seem to be noticing how much energy bitcoin is using - and pretty well doubling every year right now.

Global data centers apparenlty consumed around 205 terawatt-hours (TWh) in 2018, or 1 percent of global electricity use. Bitcoin is apparently about 130 TWh presently.

To put that in perspective countries such as Argentina and Ukraine consume 125.03 and 128.81 TWh each year, respectively

Electricity demand is growning now