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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 Hendrick3on Feb 13, 2022 4:01pm
69 Views
Post# 34424759

RE:RE:RE:RE:RE:RE:WTI at 94

RE:RE:RE:RE:RE:RE:WTI at 94My take is that the additional supply that Iran could add to the market and even the shale drilling uptick will be lost in a sea of increasing demand. Turns out the EIA just came out recently about massively under reporting of demand and actual world stockpiles are much lower than thought. That will help Iran get free of sanctions but demand is already over pre pandemic levels and rocketing upward. Not sure supply will catch demand for a couple of years. I am thinking $85 is a floor price for oil for this year and it may even be higher for 2023. If sanctions are not lifted and the shale drilling stays stagnant. I think we break out over $100. Not sure this is good for the industry long term  but it is what it is. Our oil and gas shares should be hitting new highs every month for he next 24 months. 
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