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 > Obe going down again

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Comment by Nothingmatterson May 11, 2022 11:24pm

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Post# 34676564

RE:RE:RE:RE:Obe going down again

Yup bull rally failed to take off today...and oil down big..

kavern23 wrote: Tommorrow is release of another IEA and OPEC report....it will move WTI alot either direction if material changes to forecasts....

My hunch is demand forecasts will be cut alot for rest of 2022 but we will see.

Nothingmatters wrote: Cpi was worse than expected. It will retest 8... trend is yoyr friend. Fed is not stopping soon. They want oil under 90 by hook or crook..

kavern23 wrote: No need to panic bro. Hard to tell much today...

WTI broke 102...so not shocking it tested quickly to 100 dollars.....

Too early to tell if will sit under 100.

6 dollars would be a crash under 90 wti....I wouldnt count on that lol in short term and medium term

Nothingmatters wrote: Oh no....will add more at $6