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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 kavern23on Feb 09, 2022 12:44pm
154 Views
Post# 34413062

RE:RE:Where do things go from here...this week

RE:RE:Where do things go from here...this weekNatural gas seems tricky....January weather really effected NG production.....

Million dollar question is how long LNG to Europe holds.....

When winter is over iN Europe they will start to put NG into storage fast.

Winter weather uses incredinle amount of fossil fuels.

If production keeps jarring up...3-3.50 can happen temp basis.



Oilpig1 wrote: Your macro assessment is spot on, the world is so far from an Iran deal, I dont think iran is even bothering. Oil bounced nicely of 10 day ema today. Price closing below 87.70 could mean trend change, although consolidation at 83 would make sense before next leg up. Either way, peak oil prices won't happen until the summer. Natural gas looks bad, but i expect this pull back until air conditioning season begins down south. Should level out around 3.69


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