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 > its FED related after the 2pm FED minutes

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Comment by kavern23on Jan 05, 2022 5:08pm

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RE:RE:its FED related after the 2pm FED minutes

When Brent oil didnt hold 80.50...was the signal.

Alot of the permain basin shale drillers that have huge capex are going to hedge oil anytime WTI creeps up to 80.

Oil producers will be hedging right now in the USA...it will be downward pressure.

quote=kavern23]I shorted oil quite hard today..just based on Brent price.
Lots of HOD....and some tests on IPCO and YGR.
Easier to lock in gains that way then selling anything with momentum.

That EIA report was bearish as f*ck.

Risky going against the bullish traders but that was a dog sh*t inventory report.

I dont think will be massive tanks in oil stock equities...OBE shouldnt crash on 75 oil.