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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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

Obsidian Energy Ltd > oops i accidentally saved my previous post prematurely
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Comment by kavern23on Feb 25, 2022 9:34am
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Post# 34461073

RE:RE:RE:RE:RE:RE:oops i accidentally saved my previous post prematurely

RE:RE:RE:RE:RE:RE:oops i accidentally saved my previous post prematurelyAgreed...more energy independent USA is the more leverage they have on the political scene.

But USA is still in the best shape when it comes to needing Russia's energy.

WTI is 5.30 below Brent pricing...shows the market's feelings.

Europe,China, and India need Russia oil the most.

But Russia needs revenue right now...they actually increased natural gas exports to Europe yesterday..it crashed NG prices in Europe on average of 28%...which is why Nymex gas lost some strength as well.

Russia could very well raise their exports of oil in march to get revenue to pay for this war.

Russia will export more not less right now.


pennydredful wrote: Biden's move  to  block  the Keystone  pipeline   looks  even more brilliant now.


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