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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

Post by Franman184on Nov 18, 2022 7:09am
285 Views
Post# 35109523

less than two months to possible negative energy inflation

less than two months to possible negative energy inflationShould the current price of crude stay in the $80 range for the next few months then the year over year pricing will show a drop in crude pricing starting mid January 2023. I myself would be happy with $80 plus crude as the floor going forward and so should shareholders of Canadian oil and gas companies. With the new found disipline in the oil patch for not increasing drilling and return FCF back to shareholders the industry has crawled out from under the thumb of the banks. GLTA for the next 2 to 5 years.
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