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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 Mar 01, 2022 7:51am
113 Views
Post# 34470267

RE:RE:Russia

RE:RE:Russia

All the governments working together can do very little about oil price in the short term. The Russian situation has lessened supply and supply was already very tight. Longer term something can be done but it would require encouraging investment in oil and gas and most western governments are very opposed to that. Enjoy the high prices through your investments. There is nothing enjoyable about energy shortages for the vast majority and to be honest personal wealth increases are pretty hollow when you consider the pain many will experience in the months ahead. 


 

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