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 > Am I reading this right?

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Comment by Nothingmatlerson May 04, 2022 10:29am

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Post# 34654776

RE:Am I reading this right?

Market is mad....very very bad...

churchofnutsacc wrote: Over the past 3 months they've INCREASED their net debt by $35.3 million while paying themselves $22.7 million?

It's nearly impossible to find an oil and gas name right now that is increasing their debt, but, here we are.

Net debt has been reduced by a total of only $7.8 million in the past 12 months? How is that even possible?

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