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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

Comment by Tim14235on Nov 18, 2021 11:59am
82 Views
Post# 34141205

RE:RE:RE:TIME FOR OBE TO AQUIRE ANOTHER COMPANY.

RE:RE:RE:TIME FOR OBE TO AQUIRE ANOTHER COMPANY.Good question.  It was oversuscribed and a small offering.   This should be our support price as this is their opporuntity to get more allotment.  

I am very curious to see short interest posted in the coming days.  I bet it jumped big.

I continue to add as the fundamental picture here is bright.  Even on the macro side, inventories are so low.   People are discounting the SPR release but it will be sell the rumor buy the news.  Oil will not drop further given where inventories are.

All in all, another gift opportunity to add.  Although I said that at 4.99 lol
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