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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Comment by kavern23on May 06, 2022 6:49pm

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Post# 34663745

RE:RE:RE:Obe

Woke Trudeau and the enviroment minister with the bowl haircut have gotten a gift...high gasoline prices are national headlines. Instead of waiting until 2030 to have carbon tax push gas over 2 dollars a litre they have it now. Vancouver is 2.17 litre.

Kavern prefers 1.20-1.50 gasoline as it doesnt scare the sh*t out of consumers.

kavern23 wrote: I drink no koolaid....I am a fiscal conservative...basic economics that sky high prices cause substitution.
Not saying oil and gas will go away.

Woke Europeans realized that during covid, low oil and gas prices slowed down renewable installation.

When oil and gas prices are low....the only way to get really fast renewable installations was goverment rebates and subsidies.

this is current alberta grid generation....never seen NG only 5217..usually 6200-7400.

Doesnt take a genuis too figure out that NG at current prices is influencing this.....

GENERATION

GROUP

MC

TNG

DCR

GAS 10826 5217 171

HYDRO 894 342 74

ENERGY STORAGE 50 0 20

SOLAR 892 376 0

WIND 2269 1850 0

OTHER 424 179 9

DUAL FUEL 0 0 0

COAL 1266 1260 0

TOTAL 16621 9224 274

fortunefavorsus wrote: Wow you really drank the woke koolaid. Everybody now knows green future is only for delusional fools and you have Europe as a prime example. Oil and Gas as the predominate energy source will be here long after you and I are dead.