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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

Comment by Hendrick3on Nov 10, 2022 7:39am
209 Views
Post# 35087614

RE:RE:Down

RE:RE:DownI was one of those buyers. My E&P portfolio was down to 50% OBE. The last two days I sold other oil and gas not beaten down so badly and am now 95 % OBE again. They say diversification is important but Sometimes you have to take advantage of a big sale day. The OBE washouts happen every couple of months and then they start marching higher. My timing is not perfect but could not be happier to have rebought at such low prices. Trading at $30-35 k per flowing barrel, 2.25 x 3q annualized FFO. This is a steal here. 
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