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

Obsidian Energy Ltd > WTI up 9%, OBE down 2% at ~$10.57

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Comment by Hendrick3on Mar 02, 2022 8:56am

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Post# 34474284

RE:RE:RE:RE:RE:RE:WTI up 9%, OBE down 2% at ~$10.57

One factor that is very different this time is a weak Cdn dollar. Current Canadian dollar prices are about $140. At these oil prices the Cdn dollar would historically be at par. Enjoy the ride and try not to sell any stock. We are at just at 2x FCF at these prices. A more appropriate number is 6-8x

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