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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 Feb 01, 2023 10:26am
328 Views
Post# 35259319

This could be a torque monster

This could be a torque monsterCould not agree with you more JohnJBond.
I like managements approach. Max value for the shareholder weather its paying down debt, buying back shares or paying a dividend. Let market conditions and stock price dictate the best approach. Also I like the stake manement has in the game.
I have a stake in other Canadian Oil and Gas companies in Canada but this stock has the biggest potential for a multi bagger. 

I would not be surprised that Eric Nuttall and Ninepoint have this on there radar. I know they cant own everything but alot of things here have to chech all there boxes.
GLTA
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