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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 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

Comment by kavern23on Jan 19, 2022 12:13pm
73 Views
Post# 34333180

RE:RE:RE:YESTERDAY WAS A LOST, TIME FOR OBE TO MAKE IT UP TODAY

RE:RE:RE:YESTERDAY WAS A LOST, TIME FOR OBE TO MAKE IT UP TODAYYeah today mostly energy stocks are flat with oil up....

Part of it has to be the forward looking fact that USA shale oil especially Permain will throttle even harder then expected.  EIA is slow to today...

With oil over 85...Permain is going to gain 80-100k barrels each month prob until June and then pace will listen.

Failing to grasp how this is positive.



JohnJBond wrote:

Oil up, oil stocks down.   

That's often a sign of forced selling 

Some people try to hedge gains in one by selling the other    If they decide, or are forced to close out there position you will see stocks go down while oil prices go up

if one side is thinly traded (the small stock side for example) the result can be quite obvious

Once over the normal positive correlation returns 


 



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