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 > OBE 31,000 boe/d and PIPE at 36,000 boe/d

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Comment by kavern23on May 11, 2022 5:59pm

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Post# 34675795

RE:OBE 31,000 boe/d and PIPE at 36,000 boe/d

PIPE is doing well Mickey but the problem is they are not getting any kind of takeover potential premium. PIPE needs time to eventually pay a dividend.

Any of the consolidators in that area like CNQ, ONIVTIV, or TOU etc.....they want companies that own gas plants as well....because in a lower AECO market the margins are so much tighter if you have to pay others too process the NG....

They have excellent land though