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.

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Obsidian Energy Ltd > oops i accidentally saved my previous post prematurely

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Comment by kavern23on Feb 28, 2022 6:16pm

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Post# 34469352

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

Look at one of the first production outages that lead to higher oil prices in January.....

It was Kazahstan...a former soveit union country.

That got the ball rolling rolling for oil and Putin to start building the war chest.

kavern23 wrote: Iraq probably took that production offline as a favor to Russia. Russia has cut so many arm deals with those middle east countries....lots of those countries use t-72 tanks...russian tank is everywhere.

OPEC producing under quota was so "odd' and nothing to say this wasnt lead or encouraged by Russia since Nov. They statrted putting troops at border in Nov.

Almost every oil and gas executive was fooled on oil prices most assumed 70-75 bucks for Q1.

Russia could have "gamed" the oil market

Kramerkarma wrote:
common' I'm just pulling your leg!... wti wow! Russian sanctions and 450k bpd offline an opec nation.