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 > Kavern 23

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Comment by kavern23on Mar 14, 2022 1:03pm

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Post# 34512156

RE:Kavern 23

Hard to say what this week will bring....china covid news is definitey driving things today.

Tomorrow is going to be so key for oil prices....if oil closes below 100 tomorrow likely a further leg down.

Hold 100 tomorrow...likely 100-115 for this whole week.

Alot of speculators in WTI still...and it makes for violent trading moves.

tomorrow will tell how strong the speculators are behind this move.