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.

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Obsidian Energy Ltd > Oil heading up

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Comment by kavern23on Jan 19, 2022 3:12pm

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Post# 34334241

RE:Oil heading up

If USA is down in total petrol for the week...then some "party" is gaming oil prices and withholding oil into the USA.

Kramer in late December....Suncor alone was down 200k per day in oil production between Firebag and Syncrude.
Other oil sands players must also have had problems.

Until it warmed up...Canada was down alot. That has added to this fuel of hype.