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 > Kavern 23

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Comment by pennydredfulon Mar 19, 2022 7:54pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kavern 23

Back in the day Obsidian was Pennwest which peaked out about 29.75 . After the 1 for 7 reverse split , The equivalent price for a Pennwest share is about 1.33 when one considers the price today of OBE shares. While there were various factors in this decline a leading one was the over payment of dividends . Mr. Bond postulates with dividends OBE shares will go up and they will use their paper to make accreative acquisitions of non paying
producers. The market is not that stupid. It didn.t work in the past and is unlikely to work this time.

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