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 > Relative values OBE vs YGR

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Comment by Hendrick3on Feb 13, 2022 10:47pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:Relative values OBE vs YGR

Very active comments from my favourite posters so thank you. One reason I think YGR has turned the corner on their drilling is that the exited the year with strong production growth. More importantly, they are out looking a 12,000 boe/ day average price induction which is almost 20% over 4q 2021. Most oil companies would not be predicting such growth unless the early results on their wells were spectacular.

All these companies will fly I am sure. I just thought I found one that was out of sync with others and their gains to date. Aside from Joy which I just don't know, I have been a big holder and champion of the others. Should be a great day tomorrow.

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