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 > How Much Longer

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Comment by Hendrick3on Dec 03, 2022 8:17am

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Post# 35148389

RE:RE:RE:How Much Longer

Yes I think the low volume names just happen to be Cardium players and they are being hit pretty hard in favour of high volume trades. This is why WCP and CPG are a dollar higher in share price and we're $2 lower than OBE 6 weeks ago. Being low volume is a curse right now but when it turns the torque is amazing. The less liquidity the bigger the hurt (BNE may be the cheapest stock of all). I have been buying both OBE and BNE these past weeks. The upside far out weighs the downside risk at these levels.

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